GrubHub Inc (GRUB) CFO Adam Dewitt Sells 2,250 Shares

Share on StockTwits

GrubHub Inc (NYSE:GRUB) CFO Adam Dewitt sold 2,250 shares of GrubHub stock in a transaction on Monday, June 18th. The shares were sold at an average price of $117.70, for a total transaction of $264,825.00. Following the completion of the sale, the chief financial officer now directly owns 17,686 shares in the company, valued at approximately $2,081,642.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Monday, June 4th, Adam Dewitt sold 2,500 shares of GrubHub stock. The shares were sold at an average price of $108.31, for a total transaction of $270,775.00.
  • On Monday, May 21st, Adam Dewitt sold 2,250 shares of GrubHub stock. The shares were sold at an average price of $104.75, for a total transaction of $235,687.50.
  • On Monday, May 7th, Adam Dewitt sold 2,500 shares of GrubHub stock. The shares were sold at an average price of $99.00, for a total transaction of $247,500.00.
  • On Monday, April 16th, Adam Dewitt sold 2,250 shares of GrubHub stock. The shares were sold at an average price of $98.80, for a total transaction of $222,300.00.
  • On Monday, April 2nd, Adam Dewitt sold 2,500 shares of GrubHub stock. The shares were sold at an average price of $100.99, for a total transaction of $252,475.00.

NYSE GRUB opened at $104.91 on Friday. GrubHub Inc has a 52 week low of $42.42 and a 52 week high of $120.07. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.10 and a current ratio of 2.10. The firm has a market cap of $9.53 billion, a PE ratio of 107.05, a P/E/G ratio of 3.35 and a beta of 0.99.

GrubHub (NYSE:GRUB) last posted its quarterly earnings results on Tuesday, May 1st. The information services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.27 by $0.25. GrubHub had a return on equity of 9.73% and a net margin of 14.75%. The business had revenue of $232.60 million for the quarter, compared to analyst estimates of $229.22 million. During the same quarter in the previous year, the firm earned $0.29 EPS. The company’s quarterly revenue was up 49.0% compared to the same quarter last year. sell-side analysts expect that GrubHub Inc will post 1.31 earnings per share for the current fiscal year.

GRUB has been the topic of a number of research analyst reports. Craig Hallum lifted their price target on shares of GrubHub from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, May 2nd. Zacks Investment Research raised shares of GrubHub from a “hold” rating to a “buy” rating and set a $112.00 price target on the stock in a research note on Wednesday, April 11th. Gabelli assumed coverage on shares of GrubHub in a research note on Monday, April 23rd. They issued a “hold” rating on the stock. Roth Capital reaffirmed a “neutral” rating and set a $100.00 target price on shares of GrubHub in a research note on Wednesday, April 25th. They noted that the move was a valuation call. Finally, Morgan Stanley cut shares of GrubHub from an “overweight” rating to an “equal weight” rating and set a $100.00 target price on the stock. in a research note on Wednesday, April 18th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. GrubHub presently has a consensus rating of “Hold” and an average price target of $97.94.

Several hedge funds and other institutional investors have recently bought and sold shares of GRUB. American Century Companies Inc. purchased a new position in shares of GrubHub during the 4th quarter worth $4,373,000. Teacher Retirement System of Texas raised its holdings in GrubHub by 315.0% in the 4th quarter. Teacher Retirement System of Texas now owns 27,986 shares of the information services provider’s stock valued at $2,009,000 after buying an additional 21,242 shares during the period. California Public Employees Retirement System raised its holdings in GrubHub by 8.2% in the 4th quarter. California Public Employees Retirement System now owns 173,724 shares of the information services provider’s stock valued at $12,473,000 after buying an additional 13,124 shares during the period. Swiss National Bank raised its holdings in GrubHub by 2.0% in the 4th quarter. Swiss National Bank now owns 139,800 shares of the information services provider’s stock valued at $10,038,000 after buying an additional 2,800 shares during the period. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in GrubHub in the 4th quarter valued at about $202,000.

About GrubHub

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 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.

Insider Buying and Selling by Quarter for GrubHub (NYSE:GRUB)

Receive News & Ratings for GrubHub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply