Matthew M. Maloney Sells 139,491 Shares of GrubHub Inc (GRUB) Stock
GrubHub Inc (NASDAQ:GRUB) CEO Matthew M. Maloney sold 139,491 shares of the firm’s stock in a transaction on Monday, October 10th. The shares were sold at an average price of $40.81, for a total transaction of $5,692,627.71. Following the completion of the transaction, the chief executive officer now directly owns 1,649 shares in the company, valued at approximately $67,295.69. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of GrubHub Inc (NASDAQ:GRUB) opened at 41.18 on Friday. The stock has a 50 day moving average of $41.38 and a 200-day moving average of $32.25. GrubHub Inc has a 52 week low of $17.77 and a 52 week high of $44.58. The firm has a market capitalization of $3.51 billion and a PE ratio of 85.79.
GrubHub (NASDAQ:GRUB) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The firm earned $120.20 million during the quarter, compared to analyst estimates of $114.13 million. The business’s revenue was up 36.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 earnings per share. Equities analysts anticipate that GrubHub Inc will post $0.84 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on the stock. Argus assumed coverage on shares of GrubHub in a research note on Wednesday. They set a “buy” rating and a $52.00 price target on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $45.00 price target (up previously from $32.00) on shares of GrubHub in a research note on Friday, July 29th. Bank of America Corp. raised shares of GrubHub from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $40.00 to $46.00 in a research note on Thursday. Zacks Investment Research raised shares of GrubHub from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Wednesday, July 13th. Finally, Wedbush reaffirmed an “outperform” rating and set a $47.00 price target (up previously from $40.00) on shares of GrubHub in a research note on Thursday, July 28th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $41.13.
Several hedge funds have recently made changes to their positions in the stock. Societe Generale purchased a new stake in shares of GrubHub during the second quarter worth $113,000. SG Americas Securities LLC purchased a new stake in shares of GrubHub during the second quarter worth $113,000. BlackRock Inc. increased its stake in shares of 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 in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of GrubHub by 6.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,323 shares of the company’s stock worth $134,000 after buying an additional 269 shares in the last quarter. Finally, Sei Investments Co. purchased a new stake in shares of GrubHub during the second quarter worth $148,000.
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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