GrubHub Inc (NYSE:GRUB) SVP Sells $12,363.48 in Stock

GrubHub Inc (NYSE:GRUB) SVP Margo Drucker sold 183 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $67.56, for a total transaction of $12,363.48. Following the sale, the senior vice president now directly owns 7,727 shares of the company’s stock, valued at approximately $522,036.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Margo Drucker also recently made the following trade(s):

  • On Monday, August 5th, Margo Drucker sold 587 shares of GrubHub stock. The shares were sold at an average price of $67.49, for a total transaction of $39,616.63.
  • On Friday, July 19th, Margo Drucker sold 15,489 shares of GrubHub stock. The shares were sold at an average price of $74.99, for a total transaction of $1,161,520.11.

Shares of NYSE GRUB traded down $0.67 during midday trading on Monday, reaching $69.04. 3,588,528 shares of the stock were exchanged, compared to its average volume of 2,638,785. The business’s 50-day moving average is $74.21. The stock has a market capitalization of $6.29 billion, a P/E ratio of 56.13, a price-to-earnings-growth ratio of 3.50 and a beta of 1.22. GrubHub Inc has a 12 month low of $60.20 and a 12 month high of $149.35. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.28.

GrubHub (NYSE:GRUB) last announced its quarterly earnings results on Tuesday, July 30th. The information services provider reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.13. The company had revenue of $325.06 million for the quarter, compared to analysts’ expectations of $317.39 million. GrubHub had a net margin of 2.17% and a return on equity of 4.27%. The business’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. Equities research analysts anticipate that GrubHub Inc will post 0.71 earnings per share for the current year.

GRUB has been the subject of a number of research reports. JMP Securities lowered their price target on shares of GrubHub to $95.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Credit Suisse Group lowered their price target on shares of GrubHub from $140.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Jefferies Financial Group lowered their price target on shares of GrubHub from $85.00 to $78.00 and set a “hold” rating for the company in a report on Wednesday, July 31st. Benchmark reissued a “buy” rating and issued a $90.00 price target on shares of GrubHub in a report on Wednesday, July 31st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $110.00 price target on shares of GrubHub in a report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $96.14.

Several hedge funds and other institutional investors have recently made changes to their positions in GRUB. Clearbridge Investments LLC boosted its position in shares of GrubHub by 257.6% during the first quarter. Clearbridge Investments LLC now owns 6,028,803 shares of the information services provider’s stock worth $418,821,000 after purchasing an additional 4,342,673 shares in the last quarter. FMR LLC boosted its position in shares of GrubHub by 83.4% during the fourth quarter. FMR LLC now owns 1,898,751 shares of the information services provider’s stock worth $145,843,000 after purchasing an additional 863,674 shares in the last quarter. Norges Bank bought a new position in shares of GrubHub during the fourth quarter worth $43,301,000. FIL Ltd bought a new position in shares of GrubHub during the first quarter worth $33,850,000. Finally, Ardevora Asset Management LLP bought a new position in shares of GrubHub during the first quarter worth $33,603,000.

GrubHub Company Profile

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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