GrubHub Inc (NYSE:GRUB) CEO Matthew M. Maloney sold 3,125 shares of the business’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $140.80, for a total transaction of $440,000.00. Following the completion of the sale, the chief executive officer now directly owns 9,582 shares of the company’s stock, valued at $1,349,145.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NYSE GRUB opened at $137.75 on Friday. GrubHub Inc has a 1 year low of $49.60 and a 1 year high of $145.37. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.43 and a current ratio of 3.43. The stock has a market cap of $12.45 billion, a P/E ratio of 100.45, a P/E/G ratio of 3.72 and a beta of 1.13.
GrubHub (NYSE:GRUB) last announced its quarterly earnings results on Wednesday, July 25th. The information services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.19. GrubHub had a net margin of 15.16% and a return on equity of 10.52%. The company had revenue of $239.70 million for the quarter, compared to analysts’ expectations of $233.05 million. During the same quarter in the previous year, the company earned $0.26 earnings per share. GrubHub’s quarterly revenue was up 50.9% on a year-over-year basis. equities analysts predict that GrubHub Inc will post 1.5 EPS for the current fiscal year.
Several brokerages have recently commented on GRUB. Wells Fargo & Co upped their price objective on shares of GrubHub from $90.00 to $95.00 and gave the company a “market perform” rating in a research note on Wednesday, May 30th. Canaccord Genuity reaffirmed a “buy” rating and set a $130.00 price objective on shares of GrubHub in a research note on Thursday, May 31st. Mizuho set a $115.00 price objective on shares of GrubHub and gave the company a “buy” rating in a research note on Tuesday, May 22nd. Zacks Investment Research raised shares of GrubHub from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a research note on Tuesday, August 28th. Finally, KeyCorp upped their price objective on shares of GrubHub from $115.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, July 26th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $125.67.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Picton Mahoney Asset Management purchased a new stake in GrubHub in the first quarter worth about $1,603,000. Dupont Capital Management Corp purchased a new stake in GrubHub in the first quarter worth about $990,000. State of Wisconsin Investment Board purchased a new stake in GrubHub in the second quarter worth about $1,857,000. Chicago Capital LLC grew its holdings in GrubHub by 46.7% in the second quarter. Chicago Capital LLC now owns 150,576 shares of the information services provider’s stock worth $15,797,000 after purchasing an additional 47,962 shares during the period. Finally, Mitchell Capital Management Co. purchased a new stake in GrubHub in the first quarter worth about $2,290,000. Institutional investors own 99.86% 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.
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