The 5,000 Shares of GrubHub Inc (GRUB) Stock are sold by Adam Dewitt

The 5,000 Shares of GrubHub Inc (GRUB) Stock are sold by Adam Dewitt

GrubHub Inc (NASDAQ:GRUB) CFO Adam Dewitt sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $40.77, for a total transaction of $203,850.00. Following the completion of the sale, the chief financial officer now owns 5,500 shares in the company, valued at approximately $224,235. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Adam Dewitt also recently made the following trade(s): On Monday, September 12th, Adam Dewitt sold 5,000 shares of GrubHub stock. The shares were sold at an average price of $40.97, for a total transaction of $204,850.00. On Monday, August 8th, Adam Dewitt sold 5,000 shares of GrubHub stock. The shares were sold at an average price of $39.14, for a total transaction of $195,700.00.

Shares of GrubHub Inc (NASDAQ:GRUB) opened at 41.18 on Friday. The company has a market capitalization of $3.51 billion and a P/E ratio of 85.79. The firm has a 50-day moving average of $41.38 and a 200 day moving average of $32.25. GrubHub Inc has a 1-year low of $17.77 and a 1-year high of $44.58.

GrubHub (NASDAQ:GRUB) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. The company earned $120.20 million during the quarter, compared to analysts’ expectations of $114.13 million. During the same period in the prior year, the firm earned $0.17 EPS. GrubHub’s quarterly revenue was up 36.6% on a year-over-year basis. On average, equities research analysts expect that GrubHub Inc will post $0.84 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Melvin Capital Management LP acquired a new stake in shares of GrubHub during the second quarter worth about $27,186,000. Emerald Acquisition Ltd. acquired a new stake in shares of GrubHub during the second quarter worth about $21,899,000. Caledonia Private Investments Pty Ltd boosted its stake in shares of GrubHub by 6.7% in the second quarter. Caledonia Private Investments Pty Ltd now owns 9,393,840 shares of the company’s stock worth $291,867,000 after buying an additional 587,561 shares during the period. Lord Abbett & CO. LLC boosted its stake in shares of GrubHub by 50.8% in the second quarter. Lord Abbett & CO. LLC now owns 1,130,746 shares of the company’s stock worth $35,132,000 after buying an additional 380,728 shares during the period. Finally, RWC Asset Management LLP acquired a new stake in shares of GrubHub during the second quarter worth about $9,551,000.

GRUB has been the topic of a number of research analyst reports. Citigroup Inc. restated a “buy” rating on shares of GrubHub in a research report on Wednesday, June 29th. Mizuho restated a “buy” rating and issued a $33.00 target price on shares of GrubHub in a research report on Wednesday, July 27th. Wedbush restated an “outperform” rating and issued a $47.00 target price on shares of GrubHub in a research report on Monday, August 15th. Canaccord Genuity reaffirmed a “buy” rating and set a $42.00 price target (up previously from $34.00) on shares of GrubHub in a research note on Sunday, July 31st. Finally, Bank of America Corp. downgraded shares of GrubHub from a “buy” rating to a “neutral” rating and set a $40.00 price target for the company. in a research note on Friday, July 29th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $41.13.

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