Insider Selling: GrubHub Inc (GRUB) CFO Sells 5,000 Shares of Stock

GrubHub Inc (NYSE:GRUB) CFO Adam Dewitt sold 5,000 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $71.20, for a total value of $356,000.00. Following the completion of the transaction, the chief financial officer now owns 16,366 shares in the company, valued at $1,165,259.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Adam Dewitt also recently made the following trade(s):

  • On Monday, February 5th, Adam Dewitt sold 22,359 shares of GrubHub stock. The shares were sold at an average price of $69.20, for a total value of $1,547,242.80.
  • On Tuesday, January 2nd, Adam Dewitt sold 6,722 shares of GrubHub stock. The shares were sold at an average price of $70.92, for a total value of $476,724.24.
  • On Monday, December 18th, Adam Dewitt sold 5,000 shares of GrubHub stock. The shares were sold at an average price of $72.80, for a total value of $364,000.00.
  • On Monday, December 4th, Adam Dewitt sold 6,722 shares of GrubHub stock. The shares were sold at an average price of $66.34, for a total value of $445,937.48.
  • On Monday, November 20th, Adam Dewitt sold 5,000 shares of GrubHub stock. The shares were sold at an average price of $64.61, for a total value of $323,050.00.
  • On Monday, November 6th, Adam Dewitt sold 6,722 shares of GrubHub stock. The shares were sold at an average price of $61.90, for a total value of $416,091.80.

Shares of GrubHub Inc (NYSE GRUB) traded up $1.16 during trading on Monday, reaching $86.70. The company’s stock had a trading volume of 2,816,462 shares, compared to its average volume of 2,100,933. GrubHub Inc has a 1-year low of $32.43 and a 1-year high of $94.89. The stock has a market cap of $7,443.54, a PE ratio of 77.41, a P/E/G ratio of 3.06 and a beta of 1.54.

GrubHub (NYSE:GRUB) last posted its earnings results on Thursday, February 8th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.07. GrubHub had a return on equity of 8.47% and a net margin of 14.49%. The firm had revenue of $205.10 million for the quarter, compared to analysts’ expectations of $201.55 million. During the same period in the previous year, the firm earned $0.23 earnings per share. The business’s revenue was up 49.2% compared to the same quarter last year. equities analysts anticipate that GrubHub Inc will post 1.22 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Carmignac Gestion boosted its position in shares of GrubHub by 55.4% during the second quarter. Carmignac Gestion now owns 4,976,545 shares of the information services provider’s stock valued at $216,977,000 after purchasing an additional 1,773,959 shares in the last quarter. First Trust Advisors LP boosted its position in shares of GrubHub by 996.8% during the fourth quarter. First Trust Advisors LP now owns 1,610,369 shares of the information services provider’s stock valued at $115,624,000 after purchasing an additional 1,463,539 shares in the last quarter. Caledonia Private Investments Pty Ltd boosted its position in shares of GrubHub by 8.0% during the third quarter. Caledonia Private Investments Pty Ltd now owns 10,702,879 shares of the information services provider’s stock valued at $563,614,000 after purchasing an additional 790,969 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of GrubHub during the second quarter valued at approximately $28,875,000. Finally, Sylebra HK Co Ltd bought a new stake in shares of GrubHub during the second quarter valued at approximately $27,341,000.

Several research analysts have recently weighed in on GRUB shares. Oppenheimer increased their price target on GrubHub from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded GrubHub from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Tuesday, January 9th. Barclays raised their target price on GrubHub from $45.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Stifel Nicolaus raised their target price on GrubHub from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Craig Hallum raised their target price on GrubHub from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $75.70.

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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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