GrubHub Inc. (GRUB) CEO Matthew M. Maloney Sells 37,283 Shares of Stock
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.
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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.
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.
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