GrubHub Inc (NASDAQ:GRUB) CFO Adam Dewitt sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $40.97, for a total value of $204,850.00. Following the sale, the chief financial officer now owns 5,500 shares of the company’s stock, valued at $225,335. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, August 8th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $39.14, for a total value of $195,700.00.
  • On Tuesday, July 12th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $31.04, for a total value of $155,200.00.
  • On Tuesday, July 5th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $29.99, for a total value of $149,950.00.
  • On Wednesday, June 29th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $30.00, for a total value of $150,000.00.
  • On Friday, June 17th, Adam Dewitt sold 46,000 shares of GrubHub stock. The stock was sold at an average price of $30.04, for a total value of $1,381,840.00.

GrubHub Inc (NASDAQ:GRUB) opened at 41.48 on Monday. The firm has a market cap of $3.53 billion and a price-to-earnings ratio of 86.42. The stock has a 50 day moving average price of $38.81 and a 200 day moving average price of $29.60. GrubHub Inc has a 52 week low of $17.77 and a 52 week high of $42.97.

GrubHub (NASDAQ:GRUB) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The business earned $120.20 million during the quarter, compared to analyst estimates of $114.13 million. The firm’s quarterly revenue was up 36.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 earnings per share. Equities research analysts expect that GrubHub Inc will post $0.85 EPS for the current year.

A number of research firms have weighed in on GRUB. Wedbush reissued an “outperform” rating and set a $47.00 price objective on shares of GrubHub in a research note on Friday. Morgan Stanley boosted their price objective on GrubHub from $31.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday, September 12th. Jefferies Group began coverage on GrubHub in a research note on Tuesday, August 16th. They set a “hold” rating and a $43.00 price objective on the stock. Zacks Investment Research raised GrubHub from a “sell” rating to a “strong-buy” rating and set a $45.00 price objective on the stock in a research note on Tuesday, August 2nd. Finally, Pacific Crest reissued a “sector perform” rating on shares of GrubHub in a research note on Tuesday, August 2nd. Eight research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. GrubHub currently has a consensus rating of “Buy” and an average price target of $39.29.

Several hedge funds have recently bought and sold shares of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in 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 valued at $134,000 after buying an additional 269 shares in the last quarter. Legal & General Group Plc boosted its stake in GrubHub by 1.6% in the second quarter. Legal & General Group Plc now owns 17,845 shares of the company’s stock valued at $558,000 after buying an additional 284 shares in the last quarter. ProShare Advisors LLC boosted its stake in GrubHub by 7.4% in the second quarter. ProShare Advisors LLC now owns 9,881 shares of the company’s stock valued at $307,000 after buying an additional 678 shares in the last quarter. Principal Financial Group Inc. boosted its stake in GrubHub by 7.3% in the second quarter. Principal Financial Group Inc. now owns 10,806 shares of the company’s stock valued at $336,000 after buying an additional 735 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in GrubHub by 2.2% in the second quarter. UBS Asset Management Americas Inc. now owns 41,374 shares of the company’s stock valued at $1,286,000 after buying an additional 894 shares in the last quarter.

GrubHub Company Profile

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.

5 Day Chart for NASDAQ:GRUB

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