Adam Dewitt Sells 2,000 Shares of GrubHub Inc (NASDAQ:GRUB) Stock

GrubHub Inc (NASDAQ:GRUB) CFO Adam Dewitt sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $46.34, for a total transaction of $92,680.00. Following the completion of the transaction, the chief financial officer now owns 24,224 shares of the company’s stock, valued at $1,122,540.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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Adam Dewitt also recently made the following trade(s):

On Monday, August 14th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $54.57, for a total transaction of $272,850.00.
On Friday, August 4th, Adam Dewitt sold 12,000 shares of GrubHub stock. The stock was sold at an average price of $50.00, for a total transaction of $600,000.00.
On Tuesday, August 1st, Adam Dewitt sold 6,722 shares of GrubHub stock. The stock was sold at an average price of $46.81, for a total transaction of $314,656.82.
On Wednesday, July 12th, Adam Dewitt sold 3,000 shares of GrubHub stock. The stock was sold at an average price of $45.15, for a total transaction of $135,450.00.
On Monday, July 3rd, Adam Dewitt sold 3,722 shares of GrubHub stock. The stock was sold at an average price of $43.80, for a total transaction of $163,023.60.
On Monday, June 19th, Adam Dewitt sold 2,000 shares of GrubHub stock. The stock was sold at an average price of $44.05, for a total transaction of $88,100.00.
On Friday, June 9th, Adam Dewitt sold 3,000 shares of GrubHub stock. The stock was sold at an average price of $45.00, for a total transaction of $135,000.00.
On Monday, June 5th, Adam Dewitt sold 3,722 shares of GrubHub stock. The stock was sold at an average price of $44.55, for a total transaction of $165,815.10.
On Monday, May 15th, Adam Dewitt sold 2,000 shares of GrubHub stock. The stock was sold at an average price of $44.95, for a total transaction of $89,900.00.
On Thursday, May 4th, Adam Dewitt sold 3,000 shares of GrubHub stock. The stock was sold at an average price of $45.00, for a total transaction of $135,000.00.

GrubHub Inc (GRUB) opened at 54.65 on Thursday. GrubHub Inc has a 12 month low of $32.43 and a 12 month high of $57.26. The company’s 50-day moving average is $47.70 and its 200-day moving average is $41.32. The company has a market cap of $4.72 billion and a price-to-earnings ratio of 80.37.

GrubHub (NASDAQ:GRUB) last posted its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. GrubHub had a return on equity of 5.84% and a net margin of 9.29%. The business had revenue of $158.79 million for the quarter, compared to analysts’ expectations of $158.13 million. On average, equities research analysts anticipate that GrubHub Inc will post $1.10 earnings per share for the current year.

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Several brokerages recently weighed in on GRUB. Cowen and Company reaffirmed a “hold” rating on shares of GrubHub in a research report on Sunday, April 30th. Maxim Group reaffirmed a “hold” rating on shares of GrubHub in a research report on Thursday, April 27th. Roth Capital reaffirmed a “buy” rating on shares of GrubHub in a research report on Monday, May 22nd. Pacific Crest reaffirmed an “overweight” rating and set a $50.00 price objective on shares of GrubHub in a research report on Wednesday, June 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $53.00 price objective (up previously from $50.00) on shares of GrubHub in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $48.87.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Allianz Asset Management AG purchased a new position in GrubHub during the fourth quarter valued at $844,000. AQR Capital Management LLC boosted its position in GrubHub by 65.4% in the fourth quarter. AQR Capital Management LLC now owns 42,975 shares of the information services provider’s stock valued at $1,617,000 after buying an additional 16,997 shares during the last quarter. Teachers Advisors LLC boosted its position in GrubHub by 31.8% in the fourth quarter. Teachers Advisors LLC now owns 421,799 shares of the information services provider’s stock valued at $15,868,000 after buying an additional 101,839 shares during the last quarter. Searle & CO. purchased a new position in GrubHub during the fourth quarter valued at $357,000. Finally, Macquarie Group Ltd. boosted its position in GrubHub by 30.8% in the fourth quarter. Macquarie Group Ltd. now owns 530,903 shares of the information services provider’s stock valued at $19,973,000 after buying an additional 125,021 shares during the last quarter.

About GrubHub

Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.