GrubHub Inc (NASDAQ:GRUB) – Analysts at William Blair dropped their Q1 2018 EPS estimates for shares of GrubHub in a report released on Wednesday. William Blair analyst R. Schackart now expects that the information services provider will post earnings per share of $0.28 for the quarter, down from their prior estimate of $0.33. William Blair also issued estimates for GrubHub’s Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.27 EPS and FY2019 earnings at $1.50 EPS.

GRUB has been the topic of a number of other reports. Barclays PLC lifted their price objective on shares of GrubHub from $45.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Wells Fargo & Company restated a “hold” rating and issued a $58.00 price objective on shares of GrubHub in a research note on Thursday, October 26th. DA Davidson restated a “hold” rating and issued a $50.00 price objective (up from $48.00) on shares of GrubHub in a research note on Friday, October 27th. KeyCorp restated a “buy” rating and issued a $62.00 price objective (up from $56.00) on shares of GrubHub in a research note on Wednesday, September 6th. Finally, Zacks Investment Research lowered shares of GrubHub from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $58.18.

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GrubHub (GRUB) traded down 0.48% during midday trading on Monday, reaching $60.73. 907,936 shares of the company’s stock traded hands. The company has a market capitalization of $5.25 billion and a PE ratio of 89.31. GrubHub has a 1-year low of $32.43 and a 1-year high of $61.37. The firm’s 50 day moving average price is $53.59 and its 200-day moving average price is $48.32.

GrubHub (NASDAQ:GRUB) last posted its quarterly earnings results on Wednesday, October 25th. The information services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. The company had revenue of $163.10 million for the quarter, compared to analyst estimates of $159.63 million. During the same period in the prior year, the company earned $0.23 earnings per share. The firm’s revenue was up 32.1% on a year-over-year basis.

In other GrubHub news, CEO Matthew M. Maloney sold 88,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $55.83, for a total value of $4,913,040.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew M. Maloney sold 16,681 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $60.06, for a total transaction of $1,001,860.86. The disclosure for this sale can be found here. In the last three months, insiders have sold 481,939 shares of company stock worth $26,425,938.

Several hedge funds and other institutional investors have recently made changes to their positions in GRUB. UBS Asset Management Americas Inc. lifted its holdings in shares of GrubHub by 48.6% in the first quarter. UBS Asset Management Americas Inc. now owns 39,963 shares of the information services provider’s stock valued at $1,314,000 after purchasing an additional 13,076 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of GrubHub in the first quarter valued at about $214,000. Ameriprise Financial Inc. purchased a new stake in shares of GrubHub in the first quarter valued at about $507,000. Prudential Financial Inc. lifted its holdings in shares of GrubHub by 22.5% in the first quarter. Prudential Financial Inc. now owns 7,300 shares of the information services provider’s stock valued at $240,000 after purchasing an additional 1,340 shares in the last quarter. Finally, Stifel Financial Corp purchased a new stake in shares of GrubHub in the first quarter valued at about $252,000.

About GrubHub

Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.

Earnings History and Estimates for GrubHub (NASDAQ:GRUB)

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