Trade Report: Today, GrubHub Inc (GRUB) CEO Sold $5,692,627.71 in Stock

Today, GrubHub Inc (GRUB) CEO Sold $5,692,627.71 in Stock

GrubHub Inc (NASDAQ:GRUB) CEO Matthew M. Maloney sold 139,491 shares of the company’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $40.81, for a total transaction of $5,692,627.71. Following the completion of the transaction, the chief executive officer now directly owns 1,649 shares of the company’s stock, valued at $67,295.69. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of GrubHub Inc (NASDAQ:GRUB) opened at 41.56 on Monday. The firm has a market cap of $3.54 billion and a price-to-earnings ratio of 86.58. The firm has a 50 day moving average of $41.46 and a 200 day moving average of $32.38. GrubHub Inc has a 52 week low of $17.77 and a 52 week high of $44.58.

GrubHub (NASDAQ:GRUB) last announced its earnings results on Thursday, July 28th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The firm earned $120.20 million during the quarter, compared to the consensus estimate of $114.13 million. The business’s revenue was up 36.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.17 EPS. Equities analysts predict that GrubHub Inc will post $0.84 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on the stock. Bank of America Corp. raised shares of GrubHub from a “neutral” rating to a “buy” rating and upped their price objective for the company from $40.00 to $46.00 in a research report on Thursday. Argus started coverage on shares of GrubHub in a research report on Wednesday, October 12th. They set a “buy” rating and a $52.00 price target on the stock. Roth Capital started coverage on shares of GrubHub in a research report on Monday, October 10th. They set a “neutral” rating and a $44.00 price target on the stock. Stifel Nicolaus cut shares of GrubHub from a “buy” rating to a “hold” rating and set a $45.00 price target on the stock. in a research report on Tuesday, October 4th. Finally, Zacks Investment Research cut shares of GrubHub from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Ten equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $41.13.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Fox Run Management L.L.C. purchased a new position in shares of GrubHub during the third quarter valued at approximately $236,000. First Mercantile Trust Co. raised its stake in GrubHub by 259.9% in the third quarter. First Mercantile Trust Co. now owns 7,990 shares of the company’s stock valued at $344,000 after buying an additional 5,770 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in GrubHub by 5.8% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 146,223 shares of the company’s stock valued at $6,286,000 after buying an additional 8,072 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in GrubHub by 6.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 282,807 shares of the company’s stock valued at $8,787,000 after buying an additional 16,010 shares in the last quarter. Finally, Amalgamated Bank bought a new stake in GrubHub during the second quarter valued at about $329,000.

GrubHub Company Profile

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