Matthew M. Maloney Sells 6,250 Shares of GrubHub Inc (GRUB) Stock
GrubHub Inc (NASDAQ:GRUB) CEO Matthew M. Maloney sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $55.90, for a total value of $349,375.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
GrubHub Inc (NASDAQ:GRUB) opened at 54.97 on Friday. The company’s 50-day moving average price is $53.81 and its 200 day moving average price is $43.67. The company has a market capitalization of $4.75 billion and a PE ratio of 80.84. GrubHub Inc has a 52 week low of $32.43 and a 52 week high of $57.61.
GrubHub (NASDAQ:GRUB) last announced its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. GrubHub had a return on equity of 5.84% and a net margin of 9.29%. The company had revenue of $158.79 million for the quarter, compared to analyst estimates of $158.13 million. On average, equities research analysts anticipate that GrubHub Inc will post $1.10 EPS for the current year.
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A number of equities analysts have weighed in on GRUB shares. Roth Capital upped their price target on GrubHub from $47.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, July 17th. Canaccord Genuity reiterated a “buy” rating and set a $47.00 target price on shares of GrubHub in a research note on Thursday, May 25th. Wedbush set a $50.00 target price on GrubHub and gave the company a “buy” rating in a research note on Monday, June 19th. Zacks Investment Research upgraded GrubHub from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus set a $53.00 target price on GrubHub and gave the company a “buy” rating in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $51.21.
Several large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in GrubHub by 6.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock valued at $108,000 after buying an additional 148 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in GrubHub by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after buying an additional 285 shares in the last quarter. Fortaleza Asset Management Inc. acquired a new stake in GrubHub in the 2nd quarter valued at $146,000. Chicago Partners Investment Group LLC acquired a new stake in GrubHub in the 2nd quarter valued at $154,000. Finally, Karp Capital Management Corp acquired a new stake in GrubHub in the 1st quarter valued at $214,000.
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.
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