GrubHub Inc (NASDAQ:GRUB) CEO Matthew M. Maloney sold 52,656 shares of GrubHub stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $48.02, for a total value of $2,528,541.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of GrubHub Inc (NASDAQ GRUB) opened at 52.62 on Friday. The stock has a market capitalization of $4.54 billion and a price-to-earnings ratio of 79.73. GrubHub Inc has a 12 month low of $32.43 and a 12 month high of $53.36. The stock’s 50 day moving average price is $44.99 and its 200-day moving average price is $40.28. GrubHub also saw some unusual options trading activity on Thursday. Stock traders purchased 10,474 call options on the company. This represents an increase of 660% compared to the typical volume of 1,378 call options.

GrubHub (NASDAQ:GRUB) last released its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. GrubHub had a net margin of 11.35% and a return on equity of 7.21%. The company had revenue of $158.79 million during the quarter, compared to analysts’ expectations of $158.13 million. Equities analysts forecast that GrubHub Inc will post $1.12 earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in GRUB. Caledonia Private Investments Pty Ltd boosted its stake in GrubHub by 14.0% in the first quarter. Caledonia Private Investments Pty Ltd now owns 9,582,509 shares of the information services provider’s stock worth $315,169,000 after buying an additional 1,174,124 shares during the period. Baillie Gifford & Co. boosted its stake in GrubHub by 1.4% in the first quarter. Baillie Gifford & Co. now owns 8,242,999 shares of the information services provider’s stock worth $271,112,000 after buying an additional 112,260 shares during the period. Vanguard Group Inc. boosted its stake in GrubHub by 4.3% in the first quarter. Vanguard Group Inc. now owns 6,748,946 shares of the information services provider’s stock worth $221,973,000 after buying an additional 281,024 shares during the period. BlackRock Inc. boosted its stake in GrubHub by 75,703.7% in the first quarter. BlackRock Inc. now owns 5,080,365 shares of the information services provider’s stock worth $167,094,000 after buying an additional 5,073,663 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in GrubHub by 14.3% in the first quarter. JPMorgan Chase & Co. now owns 3,095,577 shares of the information services provider’s stock worth $101,814,000 after buying an additional 387,276 shares during the period.

A number of research analysts recently weighed in on GRUB shares. Zacks Investment Research upgraded GrubHub from a “sell” rating to a “hold” rating and set a $39.00 target price on the stock in a report on Tuesday, April 11th. Oppenheimer Holdings, Inc. upgraded GrubHub from a “market perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Wednesday, April 12th. CIBC upgraded GrubHub from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 12th. Loop Capital reiterated a “buy” rating on shares of GrubHub in a report on Wednesday, April 19th. Finally, Wedbush reiterated an “outperform” rating and issued a $47.00 target price on shares of GrubHub in a report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. GrubHub 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.

Insider Buying and Selling by Quarter for GrubHub (NASDAQ:GRUB)

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