$288.93 Million in Sales Expected for GrubHub Inc (GRUB) This Quarter

Equities research analysts predict that GrubHub Inc (NYSE:GRUB) will post sales of $288.93 million for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for GrubHub’s earnings, with the highest sales estimate coming in at $292.24 million and the lowest estimate coming in at $286.85 million. GrubHub posted sales of $205.08 million during the same quarter last year, which would indicate a positive year over year growth rate of 40.9%. The firm is expected to report its next quarterly earnings report on Thursday, February 14th.

On average, analysts expect that GrubHub will report full year sales of $1.01 billion for the current fiscal year. For the next year, analysts forecast that the firm will post sales of $1.33 billion, with estimates ranging from $1.25 billion to $1.44 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for GrubHub.

GrubHub (NYSE:GRUB) last issued its quarterly earnings data on Thursday, October 25th. The information services provider reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.14. The firm had revenue of $247.23 million for the quarter, compared to the consensus estimate of $238.19 million. GrubHub had a net margin of 14.83% and a return on equity of 10.64%.

GRUB has been the topic of several recent research reports. DA Davidson upgraded shares of GrubHub from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $115.00 to $120.00 in a research report on Friday, October 26th. They noted that the move was a valuation call. Stifel Nicolaus upgraded shares of GrubHub from a “hold” rating to a “buy” rating and cut their price objective for the company from $140.00 to $125.00 in a research report on Friday, October 26th. ValuEngine downgraded shares of GrubHub from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 26th. Craig Hallum boosted their price target on shares of GrubHub from $160.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Finally, Argus boosted their price target on shares of GrubHub from $150.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, September 14th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $129.95.

NYSE:GRUB traded up $3.61 during mid-day trading on Monday, hitting $81.37. The stock had a trading volume of 202,024 shares, compared to its average volume of 2,510,534. The company has a market cap of $7.05 billion, a PE ratio of 83.06, a P/E/G ratio of 2.41 and a beta of 1.56. GrubHub has a 52 week low of $66.07 and a 52 week high of $149.35. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.20.

In other news, CEO Matthew M. Maloney sold 3,125 shares of GrubHub stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $143.50, for a total value of $448,437.50. Following the transaction, the chief executive officer now owns 8,857 shares of the company’s stock, valued at approximately $1,270,979.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Adam Dewitt sold 2,250 shares of GrubHub stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $145.68, for a total transaction of $327,780.00. Following the completion of the transaction, the chief financial officer now directly owns 17,656 shares in the company, valued at approximately $2,572,126.08. The disclosure for this sale can be found here. Insiders sold a total of 46,116 shares of company stock worth $5,803,925 in the last ninety days. Corporate insiders own 2.37% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in GRUB. Lansdowne Partners UK LLP grew its stake in shares of GrubHub by 218.8% in the 2nd quarter. Lansdowne Partners UK LLP now owns 2,034,672 shares of the information services provider’s stock worth $213,454,000 after purchasing an additional 1,396,482 shares during the last quarter. Millennium Management LLC purchased a new position in shares of GrubHub in the second quarter worth approximately $46,102,000. SG Americas Securities LLC increased its position in shares of GrubHub by 5,752.3% in the second quarter. SG Americas Securities LLC now owns 428,913 shares of the information services provider’s stock worth $44,997,000 after acquiring an additional 421,584 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of GrubHub by 23.7% in the third quarter. TIAA CREF Investment Management LLC now owns 2,102,310 shares of the information services provider’s stock worth $291,422,000 after acquiring an additional 402,466 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in shares of GrubHub by 280.1% in the third quarter. Teachers Advisors LLC now owns 397,804 shares of the information services provider’s stock worth $55,144,000 after acquiring an additional 293,150 shares in the last quarter. 92.49% of the stock is currently owned by institutional investors.

About GrubHub

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.

Featured Story: What is the NASDAQ?

Get a free copy of the Zacks research report on GrubHub (GRUB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for GrubHub (NYSE:GRUB)

Receive News & Ratings for GrubHub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply