GrubHub Inc (NYSE:GRUB) Director Linda Johnson Rice sold 179 shares of the stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $95.14, for a total transaction of $17,030.06. Following the completion of the transaction, the director now owns 365 shares in the company, valued at $34,726.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Linda Johnson Rice also recently made the following trade(s):
- On Monday, October 15th, Linda Johnson Rice sold 596 shares of GrubHub stock. The stock was sold at an average price of $115.87, for a total transaction of $69,058.52.
Shares of GRUB stock traded up $3.93 on Wednesday, hitting $95.08. 31,075 shares of the stock traded hands, compared to its average volume of 2,932,603. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 97.18, a PEG ratio of 2.93 and a beta of 1.61. GrubHub Inc has a 52 week low of $60.45 and a 52 week high of $149.35. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.43 and a quick ratio of 3.43.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Dubuque Bank & Trust Co. purchased a new position in GrubHub during the second quarter valued at $107,000. Advisory Services Network LLC grew its stake in GrubHub by 287.6% during the third quarter. Advisory Services Network LLC now owns 969 shares of the information services provider’s stock valued at $134,000 after acquiring an additional 719 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in GrubHub during the third quarter valued at $146,000. Massey Quick Simon & CO. LLC purchased a new position in GrubHub during the second quarter valued at $147,000. Finally, OLD National Bancorp IN purchased a new position in GrubHub during the third quarter valued at $203,000. 99.30% of the stock is owned by institutional investors.
Several research analysts have weighed in on GRUB shares. Morgan Stanley increased their price target on shares of GrubHub from $102.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 11th. Craig Hallum reiterated a “buy” rating and issued a $160.00 price target (up from $140.00) on shares of GrubHub in a research report on Wednesday, July 25th. Canaccord Genuity set a $152.00 price objective on shares of GrubHub and gave the company a “buy” rating in a research report on Wednesday, July 25th. Mizuho raised their price objective on shares of GrubHub to $145.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. Finally, KeyCorp raised their price objective on shares of GrubHub from $115.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $132.10.
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GrubHub Company Profile
GrubHub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.
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