GrubHub Inc. (NYSE:GRUB) CEO Matthew M. Maloney sold 37,283 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $64.58, for a total value of $2,407,736.14. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

GrubHub Inc. (NYSE:GRUB) opened at $65.03 on Tuesday. The company has a market capitalization of $5,630.00, a price-to-earnings ratio of 74.37, a PEG ratio of 3.55 and a beta of 1.64. GrubHub Inc. has a fifty-two week low of $32.43 and a fifty-two week high of $65.08.

GrubHub (NYSE:GRUB) last issued 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 company had revenue of $163.10 million for the quarter, compared to analyst estimates of $159.63 million. GrubHub had a return on equity of 7.45% and a net margin of 9.60%. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share. research analysts anticipate that GrubHub Inc. will post 0.88 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was first posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.watchlistnews.com/grubhub-inc-grub-ceo-matthew-m-maloney-sells-37283-shares-of-stock/1717022.html.

GRUB has been the topic of several research analyst reports. Stifel Nicolaus restated a “buy” rating and set a $53.00 price objective (up from $50.00) on shares of GrubHub in a research note on Wednesday, August 9th. DA Davidson initiated coverage on GrubHub in a research note on Wednesday, September 13th. They set a “neutral” rating and a $48.00 price objective on the stock. Cowen and Company restated an “outperform” rating and set a $65.00 price objective (up from $54.00) on shares of GrubHub in a research note on Thursday, September 14th. Craig Hallum initiated coverage on GrubHub in a research note on Monday, September 25th. They set a “buy” rating and a $70.00 price objective on the stock. Finally, Citigroup Inc. cut GrubHub from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $52.00 to $56.00 in a research note on Thursday, October 5th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. GrubHub presently has a consensus rating of “Buy” and a consensus target price of $58.18.

Several institutional investors and hedge funds have recently modified their holdings of GRUB. Cubist Systematic Strategies LLC acquired a new position in shares of GrubHub during the third quarter valued at $105,000. PNC Financial Services Group Inc. increased its holdings in shares of GrubHub by 6.4% during 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 purchasing an additional 148 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of GrubHub by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after purchasing an additional 285 shares during the period. Fortaleza Asset Management Inc. acquired a new position in GrubHub during the second quarter worth about $146,000. Finally, Chicago Partners Investment Group LLC acquired a new position in GrubHub during the second quarter worth about $154,000.

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)

Receive News & Ratings for GrubHub Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.