GrubHub Inc (NYSE:GRUB) – Equities research analysts at KeyCorp reduced their Q3 2019 earnings estimates for shares of GrubHub in a research report issued on Sunday, June 9th. KeyCorp analyst A. Hargreaves now anticipates that the information services provider will post earnings of $0.12 per share for the quarter, down from their previous forecast of $0.16. KeyCorp also issued estimates for GrubHub’s Q4 2019 earnings at $0.27 EPS, FY2019 earnings at $0.68 EPS, Q1 2020 earnings at $0.22 EPS, Q2 2020 earnings at $0.16 EPS, Q3 2020 earnings at $0.14 EPS, Q4 2020 earnings at $0.28 EPS and FY2020 earnings at $0.79 EPS.

GrubHub (NYSE:GRUB) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.19. The company had revenue of $323.77 million during the quarter, compared to the consensus estimate of $322.23 million. GrubHub had a return on equity of 6.14% and a net margin of 4.97%. The firm’s revenue was up 39.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS.

Other research analysts also recently issued reports about the company. Argus downgraded GrubHub from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. BNP Paribas began coverage on GrubHub in a research note on Friday, June 7th. They set an “outperform” rating and a $84.00 price objective for the company. Wedbush restated an “outperform” rating on shares of GrubHub in a research note on Monday, April 29th. Needham & Company LLC restated a “hold” rating on shares of GrubHub in a research note on Wednesday, June 5th. Finally, Gordon Haskett began coverage on GrubHub in a research note on Monday, May 20th. They issued a “buy” rating and a $75.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. GrubHub currently has a consensus rating of “Buy” and a consensus price target of $112.67.

Shares of NYSE:GRUB opened at $72.93 on Wednesday. The company has a market cap of $6.45 billion, a P/E ratio of 59.29, a P/E/G ratio of 3.82 and a beta of 1.12. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.28. GrubHub has a 12-month low of $60.20 and a 12-month high of $149.35.

Several institutional investors and hedge funds have recently modified their holdings of the company. Strs Ohio lifted its position in shares of GrubHub by 70.2% during the 4th quarter. Strs Ohio now owns 3,015 shares of the information services provider’s stock valued at $231,000 after acquiring an additional 1,244 shares during the period. KBC Group NV acquired a new position in GrubHub during the fourth quarter worth $535,000. SG Americas Securities LLC acquired a new position in GrubHub during the fourth quarter worth $456,000. State Board of Administration of Florida Retirement System raised its holdings in GrubHub by 1.7% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 120,949 shares of the information services provider’s stock worth $9,290,000 after buying an additional 2,021 shares during the last quarter. Finally, LS Investment Advisors LLC acquired a new position in GrubHub during the fourth quarter worth $64,000.

In other news, insider Samuel Pike Hall sold 2,818 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $75.00, for a total transaction of $211,350.00. Following the sale, the insider now directly owns 940 shares of the company’s stock, valued at approximately $70,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew M. Maloney acquired 15,416 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were purchased at an average cost of $64.87 per share, for a total transaction of $1,000,035.92. Following the completion of the acquisition, the chief executive officer now directly owns 13,621 shares in the company, valued at $883,594.27. The disclosure for this purchase can be found here. Insiders have sold a total of 3,545 shares of company stock worth $259,902 over the last ninety days. Insiders own 1.88% of the company’s stock.

GrubHub Company Profile

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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Earnings History and Estimates for GrubHub (NYSE:GRUB)

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