Insider Selling: GrubHub Inc (GRUB) CMO Sells $337,272.15 in Stock
GrubHub Inc (NYSE:GRUB) CMO Barbara Martin Coppola sold 4,755 shares of GrubHub stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $70.93, for a total value of $337,272.15. Following the sale, the chief marketing officer now directly owns 6,756 shares in the company, valued at $479,203.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Barbara Martin Coppola also recently made the following trade(s):
- On Monday, December 4th, Barbara Martin Coppola sold 728 shares of GrubHub stock. The stock was sold at an average price of $67.51, for a total value of $49,147.28.
- On Friday, December 1st, Barbara Martin Coppola sold 1,458 shares of GrubHub stock. The stock was sold at an average price of $67.46, for a total value of $98,356.68.
- On Wednesday, November 1st, Barbara Martin Coppola sold 1,458 shares of GrubHub stock. The stock was sold at an average price of $61.10, for a total value of $89,083.80.
GrubHub Inc (NYSE:GRUB) opened at $72.97 on Friday. The stock has a market capitalization of $6,231.60, a P/E ratio of 82.62, a PEG ratio of 3.11 and a beta of 1.67. GrubHub Inc has a 52-week low of $32.43 and a 52-week high of $74.81.
GrubHub (NYSE:GRUB) last issued its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The business had revenue of $163.10 million during the quarter, compared to the consensus estimate of $159.63 million. GrubHub had a return on equity of 7.45% and a net margin of 9.60%. The business’s revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 earnings per share. research analysts expect that GrubHub Inc will post 0.89 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of GRUB. Carmignac Gestion boosted its position in shares of GrubHub by 55.4% during the second quarter. Carmignac Gestion now owns 4,976,545 shares of the information services provider’s stock worth $216,977,000 after buying an additional 1,773,959 shares during the period. Fiera Capital Corp bought a new stake in GrubHub during the second quarter worth approximately $40,593,000. Caledonia Private Investments Pty Ltd raised its holdings in GrubHub by 8.0% during the third quarter. Caledonia Private Investments Pty Ltd now owns 10,702,879 shares of the information services provider’s stock worth $563,614,000 after purchasing an additional 790,969 shares in the last quarter. Janus Henderson Group PLC bought a new stake in GrubHub during the second quarter worth approximately $28,875,000. Finally, Sylebra HK Co Ltd bought a new stake in GrubHub during the second quarter worth approximately $27,341,000.
GRUB has been the subject of a number of research reports. Barclays lifted their price target on GrubHub from $45.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Wells Fargo & Co reiterated a “hold” rating and issued a $58.00 price target on shares of GrubHub in a research note on Thursday, October 26th. DA Davidson reiterated a “hold” rating and issued a $50.00 price target (up from $48.00) on shares of GrubHub in a research note on Friday, October 27th. Credit Suisse Group downgraded GrubHub from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $50.00 to $53.00 in a research note on Monday, September 11th. Finally, KeyCorp set a $80.00 price target on GrubHub and gave the stock a “buy” rating in a research note on Monday, December 11th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $61.39.
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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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