GrubHub Inc (GRUB) Reaches New 1-Year High at $63.44

GrubHub Inc (NYSE:GRUB) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $63.44 and last traded at $63.10, with a volume of 1267000 shares changing hands. The stock had previously closed at $61.64.

Several research firms have recently commented on GRUB. Oppenheimer Holdings, Inc. boosted their price target on shares of GrubHub from $60.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. Barclays PLC boosted their price target on shares of GrubHub from $45.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Wedbush restated an “outperform” rating and issued a $54.93 price target (down previously from $63.00) on shares of GrubHub in a report on Wednesday, August 23rd. Stifel Nicolaus boosted their price target on shares of GrubHub from $53.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, DA Davidson began coverage on shares of GrubHub in a report on Wednesday, September 13th. They issued a “neutral” rating and a $48.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. GrubHub has a consensus rating of “Buy” and a consensus target price of $58.18.

GrubHub (NYSE:GRUB) last issued its quarterly earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.04. GrubHub had a net margin of 7.97% and a return on equity of 5.01%. The business had revenue of $163.10 million for the quarter, compared to analyst estimates of $159.63 million. During the same quarter in the prior year, the business posted $0.23 EPS. GrubHub’s revenue for the quarter was up 32.1% compared to the same quarter last year.

In other news, CEO Matthew M. Maloney sold 61,000 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $55.73, for a total value of $3,399,530.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Stanley Chia sold 4,671 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $54.17, for a total transaction of $253,028.07. Following the completion of the sale, the chief operating officer now directly owns 4,671 shares in the company, valued at $253,028.07. The disclosure for this sale can be found here. Insiders sold a total of 384,874 shares of company stock worth $22,012,816 over the last ninety days.

Several hedge funds have recently added to or reduced their stakes in the company. Caledonia Private Investments Pty Ltd boosted its holdings in GrubHub by 8.0% during the third quarter. Caledonia Private Investments Pty Ltd now owns 10,702,879 shares of the information services provider’s stock worth $563,614,000 after buying an additional 790,969 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in GrubHub by 1.7% during the second quarter. Baillie Gifford & Co. now owns 8,385,444 shares of the information services provider’s stock worth $365,605,000 after buying an additional 142,445 shares in the last quarter. Vanguard Group Inc. boosted its holdings in GrubHub by 3.0% during the second quarter. Vanguard Group Inc. now owns 6,952,748 shares of the information services provider’s stock worth $303,139,000 after buying an additional 203,802 shares in the last quarter. BlackRock Inc. boosted its holdings in GrubHub by 4.3% during the second quarter. BlackRock Inc. now owns 5,296,672 shares of the information services provider’s stock worth $230,935,000 after buying an additional 216,307 shares in the last quarter. Finally, Carmignac Gestion boosted its holdings in GrubHub by 5.2% during the third quarter. Carmignac Gestion now owns 5,233,974 shares of the information services provider’s stock worth $275,621,000 after buying an additional 257,429 shares in the last quarter.

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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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