Insider Selling: GrubHub Inc (GRUB) CEO Sells 15,637 Shares of Stock

GrubHub Inc (NYSE:GRUB) CEO Matthew M. Maloney sold 15,637 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $64.16, for a total transaction of $1,003,269.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

GrubHub Inc (NYSE:GRUB) traded up $0.64 during midday trading on Wednesday, hitting $67.58. 883,100 shares of the stock traded hands, compared to its average volume of 1,977,503. The firm has a market capitalization of $5,803.33, a price-to-earnings ratio of 76.94, a price-to-earnings-growth ratio of 3.67 and a beta of 1.67. GrubHub Inc has a 12 month low of $32.43 and a 12 month high of $69.82.

GrubHub (NYSE:GRUB) last released its quarterly earnings results on Wednesday, October 25th. The information services provider reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. The business had revenue of $163.10 million for the quarter, compared to analysts’ expectations of $159.63 million. During the same period in the prior year, the firm earned $0.23 earnings per share. GrubHub’s revenue was up 32.1% compared to the same quarter last year. research analysts forecast that GrubHub Inc will post 0.89 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GRUB. Cubist Systematic Strategies LLC bought a new stake in shares of GrubHub during the third quarter valued at approximately $105,000. PNC Financial Services Group Inc. grew its stake in shares of GrubHub by 6.4% during the second quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock valued at $108,000 after purchasing an additional 148 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of GrubHub by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after purchasing an additional 285 shares during the last quarter. Fortaleza Asset Management Inc. bought a new stake in shares of GrubHub during the second quarter valued at approximately $146,000. Finally, Chicago Partners Investment Group LLC bought a new position in GrubHub in the second quarter valued at approximately $154,000.

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of GrubHub in a report on Wednesday, August 9th. Cowen restated an “outperform” rating and set a $65.00 price target (up from $54.00) on shares of GrubHub in a report on Thursday, September 14th. DA Davidson began coverage on shares of GrubHub in a report on Wednesday, September 13th. They set a “neutral” rating and a $48.00 price target for the company. Craig Hallum began coverage on shares of GrubHub in a report on Monday, September 25th. They set a “buy” rating and a $70.00 price target for the company. Finally, Citigroup cut shares of GrubHub from a “buy” rating to a “neutral” rating and upped their price target for the company from $52.00 to $56.00 in a report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $59.18.

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GrubHub Company Profile

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.

Insider Buying and Selling by Quarter for GrubHub (NYSE:GRUB)

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