GrubHub Inc (NASDAQ:GRUB) CFO Adam Dewitt sold 5,000 shares of the business’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $40.97, for a total value of $204,850.00. Following the completion of the sale, the chief financial officer now directly owns 5,500 shares in the company, valued at approximately $225,335. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Monday, August 8th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $39.14, for a total value of $195,700.00.
  • On Tuesday, July 12th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $31.04, for a total value of $155,200.00.
  • On Tuesday, July 5th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $29.99, for a total value of $149,950.00.
  • On Wednesday, June 29th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $30.00, for a total value of $150,000.00.
  • On Friday, June 17th, Adam Dewitt sold 46,000 shares of GrubHub stock. The stock was sold at an average price of $30.04, for a total value of $1,381,840.00.

Shares of GrubHub Inc (NASDAQ:GRUB) opened at 40.85 on Tuesday. GrubHub Inc has a 52-week low of $17.77 and a 52-week high of $42.97. The company’s 50-day moving average price is $39.57 and its 200-day moving average price is $30.11. The firm has a market cap of $3.48 billion and a PE ratio of 85.10.

GrubHub (NASDAQ:GRUB) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. The firm had revenue of $120.20 million for the quarter, compared to analyst estimates of $114.13 million. During the same period in the prior year, the company posted $0.17 EPS. The firm’s quarterly revenue was up 36.6% compared to the same quarter last year. Equities analysts expect that GrubHub Inc will post $0.85 earnings per share for the current fiscal year.

GRUB has been the topic of a number of research reports. Mizuho reissued a “buy” rating and issued a $33.00 price objective on shares of GrubHub in a research note on Wednesday, July 27th. Monness Crespi & Hardt upgraded GrubHub from a “neutral” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Monday, June 6th. Brean Capital started coverage on GrubHub in a report on Saturday, June 4th. They issued a “buy” rating on the stock. Maxim Group started coverage on GrubHub in a report on Friday, June 3rd. They issued a “buy” rating and a $33.00 target price on the stock. Finally, Citigroup Inc. restated a “buy” rating and issued a $30.00 target price on shares of GrubHub in a report on Thursday, June 2nd. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. GrubHub currently has an average rating of “Buy” and an average price target of $39.29.

A number of hedge funds and other institutional investors have recently bought and sold shares of GRUB. Norges Bank bought a new position in GrubHub during the fourth quarter worth $53,590,000. Chevy Chase Trust Holdings Inc. increased its position in GrubHub by 37.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 126,788 shares of the company’s stock worth $3,186,000 after buying an additional 34,463 shares during the period. Pelham Capital Ltd. increased its position in GrubHub by 30.9% in the first quarter. Pelham Capital Ltd. now owns 5,765,452 shares of the company’s stock worth $144,886,000 after buying an additional 1,361,200 shares during the period. TIAA CREF Investment Management LLC increased its position in GrubHub by 16.2% in the first quarter. TIAA CREF Investment Management LLC now owns 1,558,304 shares of the company’s stock worth $39,160,000 after buying an additional 217,357 shares during the period. Finally, BlackRock Inc. increased its position in GrubHub by 133.5% in the first quarter. BlackRock Inc. now owns 4,927 shares of the company’s stock worth $124,000 after buying an additional 2,817 shares during the period.

About GrubHub

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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