Insider Selling: GrubHub Inc (GRUB) CFO Sells 12,000 Shares of Stock

GrubHub Inc (NASDAQ:GRUB) CFO Adam Dewitt sold 12,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $50.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer now owns 33,854 shares in the company, valued at $1,692,700. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • 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 Monday, July 17th, Adam Dewitt sold 2,000 shares of GrubHub stock. The stock was sold at an average price of $46.34, for a total transaction of $92,680.00.
  • 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.

GrubHub Inc (NASDAQ GRUB) traded down 1.53% during trading on Tuesday, hitting $56.09. 2,925,369 shares of the company traded hands. GrubHub Inc has a 12-month low of $32.43 and a 12-month high of $56.98. The stock has a 50 day moving average price of $45.47 and a 200 day moving average price of $40.47. The company has a market capitalization of $4.84 billion and a P/E ratio of 84.98.

GrubHub (NASDAQ:GRUB) last posted its earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. GrubHub had a return on equity of 7.21% and a net margin of 11.35%. The firm had revenue of $158.79 million for the quarter, compared to analysts’ expectations of $158.13 million. On average, equities analysts anticipate that GrubHub Inc will post $1.10 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Insider Selling: GrubHub Inc (GRUB) CFO Sells 12,000 Shares of Stock” was originally reported by BBNS and is the property of of BBNS. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://baseballnewssource.com/markets/insider-selling-grubhub-inc-grub-cfo-sells-12000-shares-of-stock/1408888.html.

Institutional investors have recently bought and sold shares of the stock. 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 period. 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 period. Chevy Chase Trust Holdings Inc. boosted its position in GrubHub by 35.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 161,999 shares of the information services provider’s stock valued at $5,328,000 after buying an additional 42,010 shares during the period. Juncture Wealth Strategies LLC acquired a new position in GrubHub during the first quarter valued at about $234,000. Finally, Navellier & Associates Inc acquired a new position in GrubHub during the first quarter valued at about $367,000.

A number of equities analysts recently weighed in on GRUB shares. Zacks Investment Research downgraded shares of GrubHub from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. Stifel Nicolaus set a $53.00 target price on shares of GrubHub and gave the stock a “buy” rating in a report on Thursday, August 3rd. Wedbush set a $55.00 target price on shares of GrubHub and gave the stock a “buy” rating in a report on Friday. Barclays PLC restated a “hold” rating and set a $45.00 target price on shares of GrubHub in a report on Monday, May 1st. Finally, Loop Capital restated a “buy” rating on shares of GrubHub in a report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $48.87.

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 (NASDAQ:GRUB)

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