GrubHub Inc. (GRUB) Hits New 1-Year High at $63.44
Shares of GrubHub Inc. (NYSE:GRUB) hit a new 52-week high on Monday . The stock traded as high as $63.44 and last traded at $63.10, with a volume of 1267000 shares trading hands. The stock had previously closed at $61.64.
Several brokerages recently commented on GRUB. Stifel Nicolaus reiterated a “buy” rating and issued a $53.00 price objective (up previously from $50.00) on shares of GrubHub in a research note on Wednesday, August 9th. DA Davidson began coverage on shares of GrubHub in a research note on Wednesday, September 13th. They issued a “neutral” rating and a $48.00 price objective for the company. Cowen and Company reiterated an “outperform” rating and issued a $65.00 price objective (up previously from $54.00) on shares of GrubHub in a research note on Thursday, September 14th. Craig Hallum began coverage on shares of GrubHub in a research note on Monday, September 25th. They issued a “buy” rating and a $70.00 price objective for the company. Finally, Citigroup Inc. cut shares of GrubHub from a “buy” rating to a “neutral” rating and raised their price objective for the company from $52.00 to $56.00 in a research note on Thursday, October 5th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. GrubHub has a consensus rating of “Buy” and a consensus target price of $58.18.
The firm has a market capitalization of $5,515.51, a PE ratio of 73.13, a price-to-earnings-growth ratio of 3.49 and a beta of 1.64.
GrubHub (NYSE:GRUB) last posted its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The business had revenue of $163.10 million during the quarter, compared to analyst estimates of $159.63 million. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. The company’s revenue was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 earnings per share. analysts anticipate that GrubHub Inc. will post 0.88 EPS for the current fiscal year.
In related news, CEO Matthew M. Maloney sold 36,932 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $62.43, for a total value of $2,305,664.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew M. Maloney sold 1,346 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $63.00, for a total transaction of $84,798.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 384,874 shares of company stock valued at $22,012,816. 2.37% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC purchased a new stake in GrubHub in the second quarter valued at approximately $19,789,000. Bank of New York Mellon Corp grew its stake in GrubHub by 11.7% during the second quarter. Bank of New York Mellon Corp now owns 736,610 shares of the information services provider’s stock worth $32,116,000 after buying an additional 77,237 shares during the period. Geneva Advisors LLC purchased a new stake in GrubHub during the second quarter worth approximately $622,000. Delta Lloyd Asset Management N.V. purchased a new stake in GrubHub during the second quarter worth approximately $2,126,000. Finally, Principal Financial Group Inc. grew its stake in GrubHub by 51.3% during the second quarter. Principal Financial Group Inc. now owns 17,348 shares of the information services provider’s stock worth $756,000 after buying an additional 5,880 shares during the period.
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GrubHub Company Profile
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.
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