$329.93 Million in Sales Expected for GrubHub Inc (NYSE:GRUB) This Quarter

Equities research analysts predict that GrubHub Inc (NYSE:GRUB) will report sales of $329.93 million for the current quarter, Zacks reports. Nine analysts have provided estimates for GrubHub’s earnings, with the highest sales estimate coming in at $332.12 million and the lowest estimate coming in at $327.80 million. GrubHub reported sales of $247.23 million during the same quarter last year, which indicates a positive year-over-year growth rate of 33.5%. The firm is expected to announce its next quarterly earnings report on Thursday, October 24th.

On average, analysts expect that GrubHub will report full year sales of $1.37 billion for the current fiscal year, with estimates ranging from $1.35 billion to $1.39 billion. For the next year, analysts expect that the company will report sales of $1.73 billion, with estimates ranging from $1.70 billion to $1.76 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow GrubHub.

GrubHub (NYSE:GRUB) last announced its quarterly earnings results on Tuesday, July 30th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.13. The firm had revenue of $325.06 million for the quarter, compared to the consensus estimate of $317.39 million. GrubHub had a return on equity of 4.25% and a net margin of 2.17%. The company’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share.

A number of brokerages have recently issued reports on GRUB. JMP Securities lowered their price target on GrubHub to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Zacks Investment Research downgraded GrubHub from a “hold” rating to a “sell” rating and set a $84.00 price target on the stock. in a report on Wednesday, July 31st. BNP Paribas began coverage on GrubHub in a report on Friday, June 7th. They set an “outperform” rating and a $84.00 price target on the stock. Gordon Haskett began coverage on GrubHub in a report on Monday, May 20th. They set a “buy” rating and a $75.00 price target on the stock. Finally, Benchmark reaffirmed a “buy” rating and set a $90.00 price target on shares of GrubHub in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. GrubHub presently has a consensus rating of “Buy” and an average price target of $96.14.

Shares of NYSE:GRUB traded up $1.39 during midday trading on Tuesday, reaching $59.94. 2,344,900 shares of the company’s stock traded hands, compared to its average volume of 3,825,620. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 48.73, a P/E/G ratio of 3.26 and a beta of 1.21. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.42 and a current ratio of 2.42. GrubHub has a one year low of $57.37 and a one year high of $149.35. The stock has a 50 day moving average of $72.50 and a 200 day moving average of $71.82.

In related news, insider Samuel Pike Hall sold 704 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $75.45, for a total transaction of $53,116.80. Following the completion of the sale, the insider now owns 1,175 shares in the company, valued at $88,653.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Margo Drucker sold 15,489 shares of the company’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $74.99, for a total value of $1,161,520.11. Following the sale, the senior vice president now owns 12,574 shares of the company’s stock, valued at approximately $942,924.26. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,511 shares of company stock valued at $1,939,926. 1.88% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of GRUB. Clearbridge Investments LLC increased its position in GrubHub by 257.6% in the first quarter. Clearbridge Investments LLC now owns 6,028,803 shares of the information services provider’s stock worth $418,821,000 after buying an additional 4,342,673 shares in the last quarter. Swiss National Bank increased its position in GrubHub by 2.8% in the first quarter. Swiss National Bank now owns 302,400 shares of the information services provider’s stock worth $21,008,000 after buying an additional 8,300 shares in the last quarter. Logan Capital Management Inc. increased its position in GrubHub by 64.0% in the second quarter. Logan Capital Management Inc. now owns 16,821 shares of the information services provider’s stock worth $1,312,000 after buying an additional 6,563 shares in the last quarter. Pelham Capital Ltd. increased its position in GrubHub by 16.2% in the first quarter. Pelham Capital Ltd. now owns 2,646,607 shares of the information services provider’s stock worth $183,860,000 after buying an additional 369,000 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in GrubHub by 29.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 31,409 shares of the information services provider’s stock worth $2,182,000 after buying an additional 7,071 shares in the last quarter.

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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Earnings History and Estimates for GrubHub (NYSE:GRUB)

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