GrubHub Inc (GRUB) CFO Sells $577,080.00 in Stock

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GrubHub Inc (NYSE:GRUB) CFO Adam Dewitt sold 4,000 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $144.27, for a total transaction of $577,080.00. Following the completion of the sale, the chief financial officer now directly owns 18,486 shares in the company, valued at approximately $2,666,975.22. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Monday, August 20th, Adam Dewitt sold 2,250 shares of GrubHub stock. The shares were sold at an average price of $127.41, for a total transaction of $286,672.50.
  • On Monday, August 6th, Adam Dewitt sold 4,000 shares of GrubHub stock. The shares were sold at an average price of $126.45, for a total transaction of $505,800.00.
  • On Monday, July 16th, Adam Dewitt sold 6,750 shares of GrubHub stock. The shares were sold at an average price of $110.28, for a total transaction of $744,390.00.
  • On Monday, July 2nd, Adam Dewitt sold 2,500 shares of GrubHub stock. The shares were sold at an average price of $102.90, for a total transaction of $257,250.00.
  • On Monday, June 18th, Adam Dewitt sold 2,250 shares of GrubHub stock. The shares were sold at an average price of $117.70, for a total transaction of $264,825.00.

NYSE GRUB traded down $6.38 on Wednesday, hitting $137.62. 1,532,700 shares of the company were exchanged, compared to its average volume of 1,683,005. The company has a market cap of $13.04 billion, a price-to-earnings ratio of 143.51, a price-to-earnings-growth ratio of 3.89 and a beta of 1.13. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.08. GrubHub Inc has a 1-year low of $49.60 and a 1-year high of $145.37.

GrubHub (NYSE:GRUB) last issued its quarterly earnings results on Wednesday, July 25th. The information services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.19. The business had revenue of $239.70 million for the quarter, compared to the consensus estimate of $233.05 million. GrubHub had a net margin of 15.16% and a return on equity of 10.52%. The firm’s quarterly revenue was up 50.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS. equities analysts expect that GrubHub Inc will post 1.5 earnings per share for the current year.

Several brokerages have recently commented on GRUB. Cowen restated a “buy” rating and issued a $149.00 target price on shares of GrubHub in a research note on Thursday, July 26th. Credit Suisse Group boosted their target price on shares of GrubHub from $99.00 to $121.00 and gave the company a “neutral” rating in a research note on Thursday, July 26th. Roth Capital boosted their target price on shares of GrubHub from $100.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, July 26th. Stifel Nicolaus boosted their target price on shares of GrubHub from $110.00 to $140.00 and gave the company a “hold” rating in a research note on Thursday, July 26th. Finally, MED boosted their target price on shares of GrubHub from $100.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, June 14th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $122.86.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Caledonia Private Investments Pty Ltd lifted its position in GrubHub by 0.9% during the 1st quarter. Caledonia Private Investments Pty Ltd now owns 11,254,626 shares of the information services provider’s stock worth $1,142,007,000 after buying an additional 97,422 shares in the last quarter. Baillie Gifford & Co. lifted its position in GrubHub by 7.4% during the 2nd quarter. Baillie Gifford & Co. now owns 9,304,281 shares of the information services provider’s stock worth $976,111,000 after buying an additional 638,210 shares in the last quarter. BlackRock Inc. lifted its position in GrubHub by 4.7% during the 1st quarter. BlackRock Inc. now owns 5,737,439 shares of the information services provider’s stock worth $582,177,000 after buying an additional 260,107 shares in the last quarter. Lansdowne Partners UK LLP lifted its position in GrubHub by 218.8% during the 2nd quarter. Lansdowne Partners UK LLP now owns 2,034,672 shares of the information services provider’s stock worth $213,454,000 after buying an additional 1,396,482 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in GrubHub by 11.2% during the 2nd quarter. First Trust Advisors LP now owns 1,793,417 shares of the information services provider’s stock worth $188,147,000 after buying an additional 181,238 shares in the last quarter. Institutional investors and hedge funds own 99.96% 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 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.

Read More: Price to Earnings Ratio (PE) Basics

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

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