Published On: Sat, Sep 17th, 2016

Insider Selling: GrubHub Inc (GRUB) SVP Sells 1,054 Shares of Stock

GrubHub Inc (NASDAQ:GRUB) SVP Margo Drucker sold 1,054 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $41.48, for a total transaction of $43,719.92. Following the completion of the sale, the senior vice president now owns 1,554 shares of the company’s stock, valued at $64,459.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Margo Drucker also recently made the following trade(s):

On Monday, August 1st, Margo Drucker sold 5,500 shares of GrubHub stock. The stock was sold at an average price of $38.17, for a total transaction of $209,935.00.
On Friday, July 15th, Margo Drucker sold 5,271 shares of GrubHub stock. The stock was sold at an average price of $29.88, for a total transaction of $157,497.48.
On Monday, June 27th, Margo Drucker sold 6,325 shares of GrubHub stock. The stock was sold at an average price of $29.38, for a total transaction of $185,828.50.

Shares of GrubHub Inc (NASDAQ:GRUB) opened at 41.48 on Friday. GrubHub Inc has a one year low of $17.77 and a one year high of $42.97. The company has a market cap of $3.53 billion and a PE ratio of 86.42. The stock’s 50 day moving average is $39.48 and its 200-day moving average is $29.90.

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GrubHub (NASDAQ:GRUB) last posted its earnings results on Thursday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the 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 quarter last year, the firm earned $0.17 EPS. GrubHub’s revenue for the quarter was up 36.6% on a year-over-year basis. Equities research analysts expect that GrubHub Inc will post $0.85 earnings per share for the current year.
Several brokerages recently commented on GRUB. Wedbush reaffirmed an “outperform” rating and issued a $40.00 target price on shares of GrubHub in a research note on Wednesday, July 20th. Cowen and Company reaffirmed a “market perform” rating and issued a $26.00 target price (up from $22.00) on shares of GrubHub in a research note on Wednesday, July 27th. Bank of America Corp. downgraded shares of GrubHub from a “buy” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research note on Friday, July 29th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of GrubHub from a “buy” rating to a “hold” rating in a research note on Tuesday, July 19th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $26.00 target price (down from $30.00) on shares of GrubHub in a research note on Tuesday, June 14th. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $39.29.
A number of large investors have recently modified their holdings of GRUB. Bank of New York Mellon Corp increased its stake in shares of GrubHub by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 320,356 shares of the company’s stock valued at $9,953,000 after buying an additional 13,879 shares in the last quarter. Huntington National Bank acquired a new stake in shares of GrubHub during the second quarter valued at $2,714,000. Strs Ohio increased its stake in shares of GrubHub by 411.8% in the second quarter. Strs Ohio now owns 8,700 shares of the company’s stock valued at $270,000 after buying an additional 7,000 shares in the last quarter. Morgens Waterfall Vintiadis & Co. Inc. acquired a new stake in shares of GrubHub during the second quarter valued at $1,554,000. Finally, Chevy Chase Trust Holdings Inc. increased its stake in shares of GrubHub by 9.0% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 138,151 shares of the company’s stock valued at $4,292,000 after buying an additional 11,363 shares in the last quarter.
GrubHub Company Profile
Grubhub Inc (Grubhub) is a provider of an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices.

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