GrubHub Inc (NASDAQ:GRUB) CEO Matthew M. Maloney sold 14,491 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $37.80, for a total value of $547,759.80. Following the transaction, the chief executive officer now directly owns 1,649 shares in the company, valued at $62,332.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of GrubHub Inc (NASDAQ:GRUB) opened at 38.23 on Wednesday. GrubHub Inc has a 52-week low of $17.77 and a 52-week high of $44.58. The company’s 50 day moving average price is $40.79 and its 200 day moving average price is $34.31. The stock has a market cap of $3.26 billion and a PE ratio of 69.51.
GrubHub (NASDAQ:GRUB) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. The firm had revenue of $123.50 million for the quarter, compared to analyst estimates of $118.36 million. During the same period in the prior year, the firm posted $0.08 EPS. The business’s revenue was up 44.1% compared to the same quarter last year. On average, analysts anticipate that GrubHub Inc will post $0.91 earnings per share for the current year.
Hedge funds have recently modified their holdings of the company. Societe Generale purchased a new stake in shares of GrubHub during the second quarter worth approximately $113,000. SG Americas Securities LLC purchased a new stake in shares of GrubHub during the second quarter worth approximately $113,000. BlackRock Inc. boosted its stake in shares of GrubHub by 133.5% in the first quarter. BlackRock Inc. now owns 4,927 shares of the company’s stock worth $124,000 after buying an additional 2,817 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of GrubHub by 6.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,323 shares of the company’s stock worth $134,000 after buying an additional 269 shares in the last quarter. Finally, Sei Investments Co. purchased a new stake in shares of GrubHub during the second quarter worth approximately $148,000.
A number of research analysts have weighed in on GRUB shares. Wedbush reissued an “outperform” rating and issued a $40.00 target price on shares of GrubHub in a report on Wednesday, July 20th. Cowen and Company reissued a “market perform” rating and issued a $26.00 target price (up previously from $22.00) on shares of GrubHub in a report on Wednesday, July 27th. Stifel Nicolaus downgraded GrubHub from a “buy” rating to a “hold” rating and set a $45.00 target price on the stock. in a report on Tuesday, October 4th. Bank of America Corp. downgraded GrubHub from a “buy” rating to a “neutral” rating and set a $40.00 target price on the stock. in a report on Friday, July 29th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded GrubHub from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $42.00.
About GrubHub
Grubhub Inc (Grubhub) is a provider of an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices.
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