GrubHub Inc (NASDAQ:GRUB) CFO Adam Dewitt sold 6,722 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $61.90, for a total transaction of $416,091.80. Following the completion of the transaction, the chief financial officer now directly owns 21,466 shares in the company, valued at $1,328,745.40. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Monday, October 16th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $51.13, for a total transaction of $255,650.00.
  • On Monday, October 2nd, Adam Dewitt sold 6,722 shares of GrubHub stock. The shares were sold at an average price of $52.61, for a total transaction of $353,644.42.
  • On Monday, September 11th, Adam Dewitt sold 5,000 shares of GrubHub stock. The shares were sold at an average price of $55.90, for a total transaction of $279,500.00.
  • On Friday, September 1st, Adam Dewitt sold 6,722 shares of GrubHub stock. The shares were sold at an average price of $56.41, for a total transaction of $379,188.02.
  • On Wednesday, August 30th, Adam Dewitt sold 10,500 shares of GrubHub stock. The stock was sold at an average price of $54.76, for a total transaction of $574,980.00.
  • On Monday, August 14th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $54.57, for a total transaction of $272,850.00.

GrubHub Inc (NASDAQ:GRUB) traded down $0.03 during trading hours on Wednesday, reaching $62.42. The company had a trading volume of 825,447 shares, compared to its average volume of 1,710,000. GrubHub Inc has a fifty-two week low of $32.43 and a fifty-two week high of $63.16.

GrubHub (NASDAQ:GRUB) last posted its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate 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 5.01% and a net margin of 7.97%. The firm’s quarterly revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 earnings per share.

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Several hedge funds and other institutional investors have recently modified their holdings of GRUB. UBS Asset Management Americas Inc. increased its stake in GrubHub by 48.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 39,963 shares of the information services provider’s stock worth $1,314,000 after acquiring an additional 13,076 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in GrubHub in the 1st quarter worth approximately $507,000. Legal & General Group Plc lifted its stake in shares of GrubHub by 9.3% in the 1st quarter. Legal & General Group Plc now owns 28,286 shares of the information services provider’s stock valued at $931,000 after purchasing an additional 2,409 shares during the period. Vanguard Group Inc. lifted its stake in shares of GrubHub by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 6,748,946 shares of the information services provider’s stock valued at $221,973,000 after purchasing an additional 281,024 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of GrubHub by 4.5% in the 1st quarter. Geode Capital Management LLC now owns 639,927 shares of the information services provider’s stock valued at $21,047,000 after purchasing an additional 27,664 shares during the period.

A number of brokerages have recently issued reports on GRUB. Zacks Investment Research upgraded shares of GrubHub from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research note on Tuesday, October 31st. DA Davidson reaffirmed a “hold” rating and issued a $50.00 price target (up previously from $48.00) on shares of GrubHub in a report on Friday, October 27th. Barclays PLC upped their price target on shares of GrubHub from $45.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Roth Capital upped their price objective on shares of GrubHub from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Oppenheimer Holdings, Inc. upped their price objective on shares of GrubHub from $60.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $58.18.

GrubHub Company Profile

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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