Grubhub (NYSE:GRUB) Sees Strong Trading Volume

Shares of Grubhub Inc. (NYSE:GRUB) saw unusually-high trading volume on Wednesday . Approximately 65,977 shares were traded during trading, a decline of 94% from the previous session’s volume of 1,024,974 shares.The stock last traded at $63.25 and had previously closed at $61.99.

GRUB has been the subject of several research analyst reports. Credit Suisse Group reduced their target price on shares of Grubhub from $75.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, April 29th. Zacks Investment Research reduced their target price on shares of Grubhub to $64.25 in a report on Friday, May 7th. BNP Paribas raised shares of Grubhub from an “underperform” rating to a “neutral” rating and set a $66.00 target price for the company in a report on Tuesday, May 11th. Finally, Exane BNP Paribas raised shares of Grubhub from an “underperform” rating to a “neutral” rating and set a $66.00 price objective for the company in a report on Tuesday, May 11th. One equities research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $69.44.

The company’s 50-day moving average is $64.37. The stock has a market cap of $5.71 billion, a P/E ratio of -28.70 and a beta of 0.87. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.36.

Grubhub (NYSE:GRUB) last issued its earnings results on Wednesday, April 28th. The information services provider reported ($0.56) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.33). The firm had revenue of $550.90 million during the quarter, compared to analyst estimates of $526.90 million. Grubhub had a negative net margin of 9.86% and a negative return on equity of 10.81%. The business’s revenue was up 51.8% on a year-over-year basis. As a group, equities research analysts expect that Grubhub Inc. will post -1.22 EPS for the current year.

In related news, insider Margo Drucker sold 1,975 shares of the company’s stock in a transaction that occurred on Tuesday, May 4th. The shares were sold at an average price of $67.28, for a total transaction of $132,878.00. Following the completion of the transaction, the insider now directly owns 5,097 shares in the company, valued at approximately $342,926.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Adam Dewitt sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, May 17th. The stock was sold at an average price of $58.29, for a total transaction of $233,160.00. Following the transaction, the chief financial officer now owns 44,605 shares of the company’s stock, valued at $2,600,025.45. The disclosure for this sale can be found here. Insiders sold a total of 27,975 shares of company stock valued at $1,809,298 over the last 90 days. Corporate insiders own 1.88% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Grubhub by 2.5% during the 1st quarter. BlackRock Inc. now owns 8,009,828 shares of the information services provider’s stock worth $480,591,000 after purchasing an additional 198,096 shares in the last quarter. UBS Group AG increased its position in Grubhub by 8.9% during the 1st quarter. UBS Group AG now owns 2,367,913 shares of the information services provider’s stock worth $142,075,000 after purchasing an additional 194,278 shares in the last quarter. Morgan Stanley increased its position in Grubhub by 56.5% during the 1st quarter. Morgan Stanley now owns 2,227,048 shares of the information services provider’s stock worth $133,623,000 after purchasing an additional 803,847 shares in the last quarter. TIG Advisors LLC increased its position in Grubhub by 32.2% during the 4th quarter. TIG Advisors LLC now owns 1,924,305 shares of the information services provider’s stock worth $142,918,000 after purchasing an additional 468,220 shares in the last quarter. Finally, Carlson Capital L P increased its position in Grubhub by 7.5% during the 1st quarter. Carlson Capital L P now owns 1,892,971 shares of the information services provider’s stock worth $113,578,000 after purchasing an additional 132,136 shares in the last quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.

Grubhub Company Profile (NYSE:GRUB)

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 300,000 local restaurants with diners in various cities. It offers mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, and menupages.com.

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