GrubHub Inc (NASDAQ:GRUB) released its quarterly earnings data on Thursday. The information services provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01, Morningstar.com reports. The company had revenue of $158.79 million for the quarter, compared to the consensus estimate of $158.13 million. GrubHub had a return on equity of 7.21% and a net margin of 11.35%.

Shares of GrubHub (GRUB) traded up 9.06% on Friday, reaching $52.62. The company had a trading volume of 7,443,127 shares. GrubHub has a 12 month low of $32.43 and a 12 month high of $53.36. The firm’s 50 day moving average is $44.99 and its 200 day moving average is $40.28. The firm has a market capitalization of $4.54 billion and a PE ratio of 79.73. GrubHub also was the recipient of some unusual options trading on Thursday. Traders bought 10,474 call options on the stock. This is an increase of approximately 660% compared to the typical daily volume of 1,378 call options.

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In related news, CEO Matthew M. Maloney sold 52,656 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $48.02, for a total value of $2,528,541.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Stanley Chia sold 837 shares of the stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $43.54, for a total value of $36,442.98. Following the completion of the transaction, the chief operating officer now directly owns 1,215 shares in the company, valued at approximately $52,901.10. The disclosure for this sale can be found here. Insiders sold 260,142 shares of company stock worth $12,033,308 in the last three months.

Institutional investors have recently bought and sold shares of the stock. Fortaleza Asset Management Inc. acquired a new position in GrubHub during the second quarter valued at approximately $146,000. Chicago Partners Investment Group LLC acquired a new position in GrubHub during the second quarter valued at approximately $154,000. Karp Capital Management Corp acquired a new position in GrubHub during the first quarter valued at approximately $214,000. Global Endowment Management LP raised its position in GrubHub by 9.4% in the first quarter. Global Endowment Management LP now owns 6,520 shares of the information services provider’s stock valued at $215,000 after buying an additional 560 shares during the period. Finally, Juncture Wealth Strategies LLC acquired a new position in GrubHub during the first quarter valued at approximately $234,000.

Several research firms have commented on GRUB. Wedbush set a $55.00 price objective on GrubHub and gave the stock a “buy” rating in a report on Friday. Cowen and Company restated a “hold” rating on shares of GrubHub in a report on Sunday, April 30th. Canaccord Genuity raised their price objective on GrubHub from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Company restated a “hold” rating on shares of GrubHub in a report on Friday. Finally, Roth Capital set a $55.00 price objective on GrubHub and gave the stock a “buy” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $48.14.

About GrubHub

Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.

Earnings History for GrubHub (NASDAQ:GRUB)

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