GrubHub Inc (NASDAQ:GRUB) CEO Matthew M. Maloney sold 61,000 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $55.73, for a total transaction of $3,399,530.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

GrubHub Inc (GRUB) traded up 1.44% during mid-day trading on Thursday, reaching $57.10. 823,554 shares of the company were exchanged. The company has a market capitalization of $4.93 billion and a price-to-earnings ratio of 83.97. GrubHub Inc has a 1-year low of $32.43 and a 1-year high of $57.26. The company has a 50 day moving average of $49.69 and a 200-day moving average of $41.97.

GrubHub (NASDAQ:GRUB) last announced its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. The business had revenue of $158.79 million during the quarter, compared to the consensus estimate of $158.13 million. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. On average, equities research analysts forecast that GrubHub Inc will post $1.10 EPS for the current year.

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A number of institutional investors have recently bought and sold shares of GRUB. BlackRock Inc. increased its position in GrubHub by 75,703.7% in the first quarter. BlackRock Inc. now owns 5,080,365 shares of the information services provider’s stock valued at $167,094,000 after buying an additional 5,073,663 shares during the period. Alliancebernstein L.P. increased its position in GrubHub by 1,761.3% in the first quarter. Alliancebernstein L.P. now owns 2,343,605 shares of the information services provider’s stock valued at $77,081,000 after buying an additional 2,217,695 shares during the period. Carmignac Gestion increased its position in GrubHub by 55.4% in the second quarter. Carmignac Gestion now owns 4,976,545 shares of the information services provider’s stock valued at $216,977,000 after buying an additional 1,773,959 shares during the period. Clearbridge Investments LLC increased its position in GrubHub by 132.0% in the first quarter. Clearbridge Investments LLC now owns 2,596,093 shares of the information services provider’s stock valued at $85,385,000 after buying an additional 1,477,241 shares during the period. Finally, Caledonia Private Investments Pty Ltd increased its position in GrubHub by 14.0% in the first quarter. Caledonia Private Investments Pty Ltd now owns 9,582,509 shares of the information services provider’s stock valued at $315,169,000 after buying an additional 1,174,124 shares during the period.

Several research firms have commented on GRUB. Canaccord Genuity reissued a “buy” rating and set a $50.00 price objective on shares of GrubHub in a report on Thursday, August 10th. Stifel Nicolaus reissued a “buy” rating and set a $53.00 price objective (up previously from $50.00) on shares of GrubHub in a report on Wednesday, August 9th. BidaskClub raised shares of GrubHub from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Cowen and Company reissued an “outperform” rating and set a $54.00 price objective on shares of GrubHub in a report on Wednesday, August 9th. Finally, Wedbush reissued an “outperform” rating and set a $54.93 price objective (down previously from $63.00) on shares of GrubHub in a report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. GrubHub presently has a consensus rating of “Buy” and an average price target of $49.41.

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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