Linda Johnson Rice Sells 179 Shares of GrubHub Inc (GRUB) Stock

GrubHub Inc (NYSE:GRUB) Director Linda Johnson Rice sold 179 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $95.14, for a total transaction of $17,030.06. Following the sale, the director now owns 365 shares of the company’s stock, valued at $34,726.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Linda Johnson Rice also recently made the following trade(s):

  • On Monday, October 15th, Linda Johnson Rice sold 596 shares of GrubHub stock. The stock was sold at an average price of $115.87, for a total transaction of $69,058.52.

Shares of NYSE:GRUB traded down $0.05 during trading on Thursday, reaching $94.07. 17,065 shares of the company traded hands, compared to its average volume of 3,004,360. The firm has a market capitalization of $8.25 billion, a P/E ratio of 95.61, a price-to-earnings-growth ratio of 2.80 and a beta of 1.61. GrubHub Inc has a 1-year low of $60.45 and a 1-year high of $149.35. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.08.

GrubHub (NYSE:GRUB) last issued its earnings results on Thursday, October 25th. The information services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.14. The company had revenue of $247.23 million during the quarter, compared to analyst estimates of $238.19 million. GrubHub had a net margin of 14.83% and a return on equity of 11.09%. Equities research analysts expect that GrubHub Inc will post 1.29 earnings per share for the current fiscal year.

GRUB has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of GrubHub from a “buy” rating to a “hold” rating in a research note on Friday, August 31st. Goldman Sachs Group raised shares of GrubHub from a “buy” rating to a “conviction-buy” rating in a research note on Friday, October 26th. Wedbush initiated coverage on shares of GrubHub in a research note on Thursday, September 13th. They issued an “outperform” rating and a $180.00 price objective for the company. Credit Suisse Group raised their price objective on shares of GrubHub from $121.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 24th. Finally, Argus decreased their price objective on shares of GrubHub from $170.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $132.10.

Several large investors have recently modified their holdings of the business. Baillie Gifford & Co. boosted its stake in shares of GrubHub by 7.4% during the 2nd quarter. Baillie Gifford & Co. now owns 9,304,281 shares of the information services provider’s stock valued at $976,111,000 after buying an additional 638,210 shares during the period. Lansdowne Partners UK LLP boosted its stake in shares of GrubHub by 218.8% during the 2nd quarter. Lansdowne Partners UK LLP now owns 2,034,672 shares of the information services provider’s stock valued at $213,454,000 after buying an additional 1,396,482 shares during the period. First Trust Advisors LP raised its holdings in shares of GrubHub by 7.9% during the 3rd quarter. First Trust Advisors LP now owns 1,934,683 shares of the information services provider’s stock valued at $268,186,000 after purchasing an additional 141,266 shares in the last quarter. FMR LLC raised its holdings in shares of GrubHub by 3.4% during the 2nd quarter. FMR LLC now owns 1,361,927 shares of the information services provider’s stock valued at $142,880,000 after purchasing an additional 44,626 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of GrubHub by 0.4% during the 2nd quarter. Janus Henderson Group PLC now owns 530,618 shares of the information services provider’s stock valued at $55,667,000 after purchasing an additional 2,154 shares in the last quarter. 99.30% of the stock is owned by institutional investors.

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GrubHub Company Profile

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 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.

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Insider Buying and Selling by Quarter for GrubHub (NYSE:GRUB)

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