GrubHub Inc (GRUB) CEO Matthew M. Maloney Sells 6,250 Shares of Stock

GrubHub Inc (NYSE:GRUB) CEO Matthew M. Maloney sold 6,250 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $71.25, for a total transaction of $445,312.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of GrubHub Inc (NYSE:GRUB) traded down $0.46 during mid-day trading on Friday, reaching $70.34. 735,400 shares of the company’s stock were exchanged, compared to its average volume of 1,447,208. The firm has a market capitalization of $5,980.00, a PE ratio of 103.44, a P/E/G ratio of 3.02 and a beta of 1.67. GrubHub Inc has a 12-month low of $32.43 and a 12-month high of $74.81.

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

Several equities research analysts have recently issued reports on the stock. Wedbush reissued an “outperform” rating and set a $60.00 price objective (down previously from $63.00) on shares of GrubHub in a research report on Tuesday, September 26th. Monness Crespi & Hardt increased their target price on shares of GrubHub from $35.00 to $42.00 and gave the stock a “sell” rating in a report on Thursday, October 26th. Canaccord Genuity restated a “buy” rating and set a $68.00 target price (up previously from $60.00) on shares of GrubHub in a report on Thursday, October 26th. KeyCorp set a $62.00 target price on shares of GrubHub and gave the stock a “buy” rating in a report on Sunday, October 15th. Finally, Oppenheimer increased their target price on shares of GrubHub to $80.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $62.61.

A number of hedge funds have recently made changes to their positions in GRUB. Cubist Systematic Strategies LLC acquired a new stake in GrubHub in the third quarter valued at $105,000. PNC Financial Services Group Inc. lifted its stake in GrubHub by 6.4% in 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 acquiring an additional 148 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in GrubHub by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after acquiring an additional 285 shares during the last quarter. Asset Dedication LLC acquired a new stake in GrubHub in the third quarter valued at $165,000. Finally, BT Investment Management Ltd acquired a new stake in GrubHub in the third quarter valued at $195,000.

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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.

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

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