Shares of GrubHub Inc (NYSE:GRUB) traded down 7% on Wednesday . The stock traded as low as $60.87 and last traded at $60.91, 2,549,685 shares were traded during mid-day trading. A decline of 7% from the average session volume of 2,736,367 shares. The stock had previously closed at $65.49.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut GrubHub from a “hold” rating to a “sell” rating and set a $84.00 price target for the company. in a research note on Wednesday, July 31st. Craig Hallum restated a “buy” rating and set a $100.00 target price (down previously from $120.00) on shares of GrubHub in a research report on Wednesday, April 17th. Wells Fargo & Co cut their target price on GrubHub from $85.00 to $74.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 30th. Morgan Stanley cut their target price on GrubHub from $72.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 31st. Finally, Argus lowered GrubHub from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $96.14.

The business has a fifty day moving average of $73.20. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 49.52, a P/E/G ratio of 3.69 and a beta of 1.21. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.41.

GrubHub (NYSE:GRUB) last announced its quarterly earnings results on Tuesday, July 30th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.13. The business had revenue of $325.06 million for the quarter, compared to analyst estimates of $317.39 million. GrubHub had a return on equity of 4.25% and a net margin of 2.17%. The company’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 earnings per share. As a group, equities analysts forecast that GrubHub Inc will post 0.71 EPS for the current year.

In other GrubHub news, insider Samuel Pike Hall sold 704 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $75.45, for a total value of $53,116.80. Following the transaction, the insider now owns 1,175 shares in the company, valued at $88,653.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Adam Dewitt sold 2,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $75.45, for a total value of $150,900.00. Following the completion of the transaction, the chief financial officer now owns 44,044 shares in the company, valued at approximately $3,323,119.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,511 shares of company stock worth $1,939,926. Corporate insiders own 1.88% of the company’s stock.

Large investors have recently made changes to their positions in the business. Elkfork Partners LLC purchased a new stake in shares of GrubHub in the second quarter worth approximately $26,000. First Hawaiian Bank purchased a new stake in shares of GrubHub in the first quarter worth approximately $30,000. Meadow Creek Investment Management LLC purchased a new stake in shares of GrubHub in the second quarter worth approximately $33,000. YorkBridge Wealth Partners LLC purchased a new stake in shares of GrubHub in the first quarter worth approximately $35,000. Finally, Glen Harbor Capital Management LLC purchased a new stake in shares of GrubHub in the second quarter worth approximately $40,000.

GrubHub Company Profile (NYSE:GRUB)

Grubhub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 105,000 local restaurants with diners with diners in various cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, eat24.com, and menupages.com.

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