Matthew M. Maloney Sells 6,250 Shares of GrubHub Inc (GRUB) Stock

GrubHub Inc (NYSE:GRUB) CEO Matthew M. Maloney sold 6,250 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $66.37, for a total value of $414,812.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of GrubHub Inc (NYSE GRUB) traded down $0.72 during trading hours on Friday, reaching $68.22. The company had a trading volume of 1,112,800 shares, compared to its average volume of 1,962,603. GrubHub Inc has a 12 month low of $32.43 and a 12 month high of $70.15. The firm has a market cap of $5,931.64, a price-to-earnings ratio of 78.64, a P/E/G ratio of 3.75 and a beta of 1.67.

GrubHub (NYSE:GRUB) last announced its earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. GrubHub had a return on equity of 7.45% and a net margin of 9.60%. The company had revenue of $163.10 million for the quarter, compared to analyst estimates of $159.63 million. During the same period in the prior year, the company posted $0.23 EPS. The firm’s quarterly revenue was up 32.1% compared to the same quarter last year. research analysts expect that GrubHub Inc will post 0.89 EPS for the current year.

Several research firms have recently commented on GRUB. Cowen reissued an “outperform” rating and issued a $78.00 price target (up from $65.00) on shares of GrubHub in a research report on Friday, December 1st. Craig Hallum reissued a “buy” rating and issued a $80.00 price target (up from $70.00) on shares of GrubHub in a research report on Tuesday, November 21st. KeyCorp set a $62.00 price target on GrubHub and gave the stock a “buy” rating in a research report on Thursday, November 16th. Zacks Investment Research lowered GrubHub from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, DA Davidson reissued a “hold” rating and issued a $50.00 price target (up from $48.00) on shares of GrubHub in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $59.18.

A number of large investors have recently made changes to their positions in GRUB. California Public Employees Retirement System grew its stake in GrubHub by 1.6% during the 3rd quarter. California Public Employees Retirement System now owns 160,600 shares of the information services provider’s stock valued at $8,457,000 after purchasing an additional 2,500 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in GrubHub during the 3rd quarter valued at about $105,000. Highbridge Capital Management LLC purchased a new stake in GrubHub during the 3rd quarter valued at about $230,000. Janus Henderson Group PLC grew its stake in GrubHub by 58.3% during the 3rd quarter. Janus Henderson Group PLC now owns 1,048,396 shares of the information services provider’s stock valued at $55,210,000 after purchasing an additional 386,129 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. grew its stake in GrubHub by 44.5% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 237,697 shares of the information services provider’s stock valued at $12,517,000 after purchasing an additional 73,256 shares during the last quarter.

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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 (NYSE:GRUB)

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