Insider Selling: GrubHub Inc (GRUB) SVP Sells $43,825.32 in Stock
GrubHub Inc (NASDAQ:GRUB) SVP Margo Drucker sold 1,054 shares of the company’s stock in a transaction that occurred on Friday, October 14th. The shares were sold at an average price of $41.58, for a total transaction of $43,825.32. Following the transaction, the senior vice president now owns 1,554 shares in the company, valued at approximately $64,615.32. The sale was disclosed in a filing with the SEC, which is available at this link.
Margo Drucker also recently made the following trade(s):
- On Thursday, September 15th, Margo Drucker sold 1,054 shares of GrubHub stock. The shares were sold at an average price of $41.48, for a total transaction of $43,719.92.
- On Monday, August 1st, Margo Drucker sold 5,500 shares of GrubHub stock. The shares were sold at an average price of $38.17, for a total transaction of $209,935.00.
Shares of GrubHub Inc (NASDAQ:GRUB) opened at 42.08 on Wednesday. GrubHub Inc has a one year low of $17.77 and a one year high of $44.58. The company’s 50-day moving average is $41.60 and its 200-day moving average is $32.74. The stock has a market capitalization of $3.59 billion and a P/E ratio of 87.67.
GrubHub (NASDAQ:GRUB) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. The company 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 earned $0.17 EPS. The company’s revenue was up 36.6% compared to the same quarter last year. On average, equities research analysts anticipate that GrubHub Inc will post $0.84 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Melvin Capital Management LP bought a new position in GrubHub during the second quarter worth approximately $27,186,000. Emerald Acquisition Ltd. bought a new position in GrubHub during the second quarter worth approximately $21,899,000. Caledonia Private Investments Pty Ltd increased its position in GrubHub by 6.7% in the second quarter. Caledonia Private Investments Pty Ltd now owns 9,393,840 shares of the company’s stock worth $291,867,000 after buying an additional 587,561 shares in the last quarter. Lord Abbett & CO. LLC increased its position in GrubHub by 50.8% in the second quarter. Lord Abbett & CO. LLC now owns 1,130,746 shares of the company’s stock worth $35,132,000 after buying an additional 380,728 shares in the last quarter. Finally, RWC Asset Management LLP bought a new position in GrubHub during the second quarter worth approximately $9,551,000.
A number of research analysts have issued reports on GRUB shares. Mizuho restated a “buy” rating and set a $33.00 price target (up previously from $28.00) on shares of GrubHub in a research note on Wednesday, June 22nd. Citigroup Inc. reaffirmed a “buy” rating on shares of GrubHub in a report on Wednesday, June 29th. Wedbush initiated coverage on shares of GrubHub in a report on Thursday, July 7th. They issued an “outperform” rating and a $40.00 price objective on the stock. Zacks Investment Research raised shares of GrubHub from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Wednesday, July 13th. Finally, Cowen and Company reaffirmed a “market perform” rating and issued a $26.00 price objective (up from $22.00) on shares of GrubHub in a report on Wednesday, July 27th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $41.41.
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.
Receive News & Ratings for GrubHub Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub Inc and related companies with MarketBeat.com's FREE daily email newsletter.