GrubHub Inc (GRUB) COO Stanley Chia Sells 645 Shares of Stock
GrubHub Inc (NASDAQ:GRUB) COO Stanley Chia sold 645 shares of GrubHub stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $53.57, for a total value of $34,552.65. Following the sale, the chief operating officer now directly owns 1,215 shares of the company’s stock, valued at $65,087.55. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Stanley Chia also recently made the following trade(s):
- On Wednesday, September 6th, Stanley Chia sold 705 shares of GrubHub stock. The shares were sold at an average price of $56.66, for a total value of $39,945.30.
- On Friday, August 25th, Stanley Chia sold 4,671 shares of GrubHub stock. The stock was sold at an average price of $54.17, for a total value of $253,028.07.
- On Thursday, August 3rd, Stanley Chia sold 822 shares of GrubHub stock. The stock was sold at an average price of $46.65, for a total value of $38,346.30.
- On Wednesday, July 5th, Stanley Chia sold 837 shares of GrubHub stock. The stock was sold at an average price of $43.54, for a total value of $36,442.98.
GrubHub Inc (NASDAQ:GRUB) opened at 54.23 on Wednesday. The firm’s 50-day moving average is $54.36 and its 200-day moving average is $45.52. GrubHub Inc has a 12 month low of $32.43 and a 12 month high of $57.61. The stock has a market cap of $4.69 billion and a P/E ratio of 79.75.
GrubHub (NASDAQ:GRUB) last announced its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The business had revenue of $158.79 million for the quarter, compared to analysts’ expectations of $158.13 million. GrubHub had a return on equity of 5.84% and a net margin of 9.29%. On average, equities analysts forecast that GrubHub Inc will post $1.09 earnings per share for the current fiscal year.
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Several equities research analysts recently weighed in on GRUB shares. Zacks Investment Research cut GrubHub from a “hold” rating to a “sell” rating in a research note on Wednesday. Stifel Nicolaus reiterated a “buy” rating and issued a $53.00 price target on shares of GrubHub in a research note on Wednesday. Wedbush reiterated an “outperform” rating and issued a $60.00 price target (down from $63.00) on shares of GrubHub in a research note on Tuesday, September 26th. Pacific Crest reissued an “overweight” rating and set a $62.00 price objective on shares of GrubHub in a report on Monday, September 25th. Finally, Craig Hallum started coverage on shares of GrubHub in a report on Monday, September 25th. They set a “buy” rating and a $70.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. GrubHub presently has an average rating of “Buy” and a consensus price target of $53.42.
Institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its position in GrubHub by 6.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock worth $108,000 after buying an additional 148 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in GrubHub by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after buying an additional 285 shares during the last quarter. Fortaleza Asset Management Inc. bought a new stake in GrubHub in the second quarter valued at $146,000. Chicago Partners Investment Group LLC bought a new stake in GrubHub in the second quarter valued at $154,000. Finally, Karp Capital Management Corp bought a new stake in GrubHub in the first quarter valued at $214,000.
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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