Insider Selling: GrubHub Inc (NASDAQ:GRUB) CFO Sells 10,500 Shares of Stock

GrubHub Inc (NASDAQ:GRUB) CFO Adam Dewitt sold 10,500 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $54.76, for a total value of $574,980.00. Following the completion of the sale, the chief financial officer now directly owns 23,304 shares in the company, valued at $1,276,127.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, September 11th, Adam Dewitt sold 5,000 shares of GrubHub stock. The shares were sold at an average price of $55.90, for a total value of $279,500.00.
  • On Friday, September 1st, Adam Dewitt sold 6,722 shares of GrubHub stock. The shares were sold at an average price of $56.41, for a total value of $379,188.02.
  • On Monday, August 14th, Adam Dewitt sold 5,000 shares of GrubHub stock. The shares were sold at an average price of $54.57, for a total value of $272,850.00.
  • On Friday, August 4th, Adam Dewitt sold 12,000 shares of GrubHub stock. The shares were sold at an average price of $50.00, for a total value of $600,000.00.
  • On Tuesday, August 1st, Adam Dewitt sold 6,722 shares of GrubHub stock. The shares were sold at an average price of $46.81, for a total value of $314,656.82.
  • On Monday, July 17th, Adam Dewitt sold 2,000 shares of GrubHub stock. The shares were sold at an average price of $46.34, for a total value of $92,680.00.
  • On Wednesday, July 12th, Adam Dewitt sold 3,000 shares of GrubHub stock. The shares were sold at an average price of $45.15, for a total value 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 value 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 value 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 value of $135,000.00.

Shares of GrubHub Inc (NASDAQ:GRUB) traded up 0.2363% on Friday, hitting $55.1099. The company had a trading volume of 363,710 shares. GrubHub Inc has a 12-month low of $32.43 and a 12-month high of $57.61. The firm has a market capitalization of $4.76 billion and a P/E ratio of 81.0440. The firm has a 50 day moving average of $53.81 and a 200-day moving average of $43.67.

GrubHub (NASDAQ:GRUB) last released its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. The business had revenue of $158.79 million for the quarter, compared to analyst estimates of $158.13 million. On average, equities analysts predict that GrubHub Inc will post $1.10 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Insider Selling: GrubHub Inc (NASDAQ:GRUB) CFO Sells 10,500 Shares of Stock” was first reported by BBNS and is owned by of BBNS. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://baseballnewssource.com/markets/grubhub-inc-grub-cfo-sells-574980-00-in-stock/1565208.html.

Institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in shares of GrubHub by 6.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock worth $108,000 after buying an additional 148 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of GrubHub by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock worth $120,000 after buying an additional 285 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new stake in shares of GrubHub in the 2nd quarter worth about $146,000. Chicago Partners Investment Group LLC purchased a new stake in shares of GrubHub in the 2nd quarter worth about $154,000. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of GrubHub in the 2nd quarter worth about $253,000.

GRUB has been the topic of a number of research analyst reports. Zacks Investment Research lowered GrubHub from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Deutsche Bank AG lowered GrubHub from a “buy” rating to a “hold” rating in a research report on Tuesday. KeyCorp reiterated a “buy” rating and issued a $62.00 price target (up previously from $56.00) on shares of GrubHub in a research report on Wednesday, September 6th. Morgan Stanley lowered GrubHub from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $47.00 to $43.00 in a research report on Monday, June 26th. Finally, Credit Suisse Group lowered GrubHub from an “outperform” rating to a “neutral” rating and increased their price target for the company from $50.00 to $53.00 in a research report on Monday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. GrubHub currently has an average rating of “Hold” and a consensus target price of $51.21.

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 (NASDAQ:GRUB)

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