GrubHub Inc (NASDAQ:GRUB) shares saw unusually-high trading volume on Monday . Approximately 1,303,878 shares traded hands during trading, a decline of 26% from the previous session’s volume of 1,768,929 shares.The stock last traded at $30.30 and had previously closed at $29.80.

GRUB has been the subject of a number of research analyst reports. Citigroup Inc. reissued a “buy” rating and set a $30.00 target price on shares of GrubHub in a research report on Thursday, June 2nd. Mizuho reaffirmed a “buy” rating and set a $33.00 price objective (up previously from $28.00) on shares of GrubHub in a research report on Wednesday, June 22nd. Maxim Group began coverage on shares of GrubHub in a research report on Friday, June 3rd. They set a “buy” rating and a $33.00 price objective for the company. Zacks Investment Research raised shares of GrubHub from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Wednesday, July 13th. Finally, Wedbush began coverage on shares of GrubHub in a research report on Thursday, July 7th. They set an “outperform” rating and a $40.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. GrubHub currently has a consensus rating of “Buy” and a consensus target price of $32.71.

The company’s 50-day moving average price is $29.53 and its 200 day moving average price is $24.81. The company has a market capitalization of $2.60 billion and a price-to-earnings ratio of 69.68.

In related news, SVP Margo Drucker sold 5,271 shares of the firm’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $29.88, for a total value of $157,497.48. Following the completion of the transaction, the senior vice president now owns 5,771 shares of the company’s stock, valued at $172,437.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Adam Dewitt sold 5,000 shares of the firm’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $28.33, for a total transaction of $141,650.00. Following the completion of the transaction, the chief financial officer now directly owns 5,500 shares of the company’s stock, valued at approximately $155,815. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have added to or reduced their stakes in the company. California State Teachers Retirement System increased its position in GrubHub by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 139,313 shares of the company’s stock worth $3,371,000 after buying an additional 2,194 shares during the period. Rhumbline Advisers increased its position in GrubHub by 8.2% in the fourth quarter. Rhumbline Advisers now owns 71,522 shares of the company’s stock worth $1,731,000 after buying an additional 5,430 shares during the period. California Public Employees Retirement System increased its position in GrubHub by 6.5% in the fourth quarter. California Public Employees Retirement System now owns 220,600 shares of the company’s stock worth $5,339,000 after buying an additional 13,400 shares during the period. New York State Common Retirement Fund increased its position in GrubHub by 15.9% in the fourth quarter. New York State Common Retirement Fund now owns 198,668 shares of the company’s stock worth $4,808,000 after buying an additional 27,190 shares during the period. Finally, Barton Investment Management increased its position in GrubHub by 26.4% in the fourth quarter. Barton Investment Management now owns 482,545 shares of the company’s stock worth $11,678,000 after buying an additional 100,800 shares during the period.

Grubhub Inc (Grubhub) is a provider of an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices.

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