GrubHub Inc (NASDAQ:GRUB) SVP Margo Drucker sold 1,054 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $43.86, for a total value of $46,228.44. Following the transaction, the senior vice president now directly owns 1,291 shares in the company, valued at approximately $56,623.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Margo Drucker also recently made the following trade(s):
- On Wednesday, July 5th, Margo Drucker sold 498 shares of GrubHub stock. The stock was sold at an average price of $43.54, for a total value of $21,682.92.
- On Monday, June 5th, Margo Drucker sold 1,737 shares of GrubHub stock. The stock was sold at an average price of $43.85, for a total value of $76,167.45.
- On Wednesday, May 3rd, Margo Drucker sold 499 shares of GrubHub stock. The stock was sold at an average price of $43.68, for a total value of $21,796.32.
- On Monday, May 1st, Margo Drucker sold 1,606 shares of GrubHub stock. The stock was sold at an average price of $42.46, for a total value of $68,190.76.
- On Wednesday, April 12th, Margo Drucker sold 498 shares of GrubHub stock. The stock was sold at an average price of $35.77, for a total value of $17,813.46.
Shares of GrubHub Inc (GRUB) traded up 0.96% during mid-day trading on Monday, hitting $44.10. The company had a trading volume of 347,281 shares. The firm has a market cap of $3.80 billion and a PE ratio of 66.82. The firm’s 50 day moving average is $44.08 and its 200-day moving average is $39.04. GrubHub Inc has a 12-month low of $29.47 and a 12-month high of $47.84.
GrubHub (NASDAQ:GRUB) last released its quarterly earnings data on Thursday, April 27th. The information services provider reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.10. GrubHub had a return on equity of 7.21% and a net margin of 11.35%. The company had revenue of $156.10 million for the quarter, compared to analyst estimates of $152.97 million. During the same period in the prior year, the company posted $0.20 EPS. The company’s revenue was up 39.1% compared to the same quarter last year. On average, equities analysts expect that GrubHub Inc will post $1.12 EPS for the current year.
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Several large investors have recently added to or reduced their stakes in the stock. Clearbridge Investments LLC raised its stake in GrubHub by 132.0% in the first quarter. Clearbridge Investments LLC now owns 2,596,093 shares of the information services provider’s stock valued at $85,385,000 after buying an additional 1,477,241 shares in the last quarter. Selkirk Management LLC bought a new stake in GrubHub during the first quarter valued at $2,631,000. Tudor Investment Corp ET AL bought a new stake in GrubHub during the first quarter valued at $949,000. Caledonia Private Investments Pty Ltd raised its stake in GrubHub by 14.0% in the first quarter. Caledonia Private Investments Pty Ltd now owns 9,582,509 shares of the information services provider’s stock valued at $315,169,000 after buying an additional 1,174,124 shares in the last quarter. Finally, Gotham Asset Management LLC bought a new stake in GrubHub during the first quarter valued at $768,000.
A number of research analysts recently weighed in on the company. Morgan Stanley lowered GrubHub from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $47.00 to $43.00 in a report on Monday, June 26th. Zacks Investment Research lowered GrubHub from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Wells Fargo & Company initiated coverage on GrubHub in a report on Thursday, June 15th. They set a “market perform” rating and a $45.00 price objective on the stock. Pacific Crest reissued an “overweight” rating and issued a $50.00 target price on shares of GrubHub in a report on Wednesday, June 28th. Finally, Wedbush set a $50.00 target price on GrubHub and gave the company a “buy” rating in a report on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $44.83.
GrubHub Company Profile
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.
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