GrubHub Inc (NYSE:GRUB) Director Linda Johnson Rice Sells 180 Shares

GrubHub Inc (NYSE:GRUB) Director Linda Johnson Rice sold 180 shares of GrubHub stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $58.67, for a total transaction of $10,560.60. Following the completion of the transaction, the director now directly owns 738 shares in the company, valued at $43,298.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Linda Johnson Rice also recently made the following trade(s):

  • On Thursday, August 1st, Linda Johnson Rice sold 180 shares of GrubHub stock. The stock was sold at an average price of $67.56, for a total transaction of $12,160.80.
  • On Monday, July 1st, Linda Johnson Rice sold 180 shares of GrubHub stock. The stock was sold at an average price of $78.89, for a total transaction of $14,200.20.

GrubHub stock remained flat at $$60.40 during midday trading on Friday. 2,902,761 shares of the company traded hands, compared to its average volume of 2,652,483. The stock has a 50-day moving average of $65.60 and a two-hundred day moving average of $69.70. The stock has a market capitalization of $5.36 billion, a P/E ratio of 49.11, a PEG ratio of 3.37 and a beta of 1.25. GrubHub Inc has a one year low of $55.61 and a one year high of $149.35. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.41.

GrubHub (NYSE:GRUB) last released its earnings results on Tuesday, July 30th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.13. The company had revenue of $325.06 million during the quarter, compared to analyst estimates of $317.39 million. GrubHub had a net margin of 2.17% and a return on equity of 4.25%. The firm’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. On average, equities research analysts anticipate that GrubHub Inc will post 0.69 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Atria Investments LLC bought a new position in GrubHub in the 2nd quarter worth approximately $457,000. Treasurer of the State of North Carolina boosted its stake in GrubHub by 1.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 64,800 shares of the information services provider’s stock worth $5,054,000 after purchasing an additional 1,120 shares during the period. Nomura Holdings Inc. boosted its stake in GrubHub by 31.1% in the 2nd quarter. Nomura Holdings Inc. now owns 51,073 shares of the information services provider’s stock worth $3,909,000 after purchasing an additional 12,103 shares during the period. BlackRock Inc. boosted its stake in GrubHub by 1.5% in the 2nd quarter. BlackRock Inc. now owns 4,597,329 shares of the information services provider’s stock worth $358,545,000 after purchasing an additional 68,316 shares during the period. Finally, Vestmark Advisory Solutions Inc. bought a new position in GrubHub in the 2nd quarter worth approximately $258,000.

GRUB has been the topic of several research analyst reports. Credit Suisse Group lowered their target price on shares of GrubHub from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. JMP Securities lowered their target price on shares of GrubHub to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Morgan Stanley reduced their price target on shares of GrubHub from $72.00 to $68.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 31st. DA Davidson set a $100.00 price target on shares of GrubHub and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, ValuEngine raised shares of GrubHub from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. GrubHub currently has a consensus rating of “Buy” and a consensus price target of $96.14.

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 105,000 local restaurants with diners with diners in various cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, eat24.com, and menupages.com.

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Insider Buying and Selling by Quarter for GrubHub (NYSE:GRUB)

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