Adam Dewitt Sells 3,723 Shares of GrubHub Inc (GRUB) Stock

GrubHub Inc (NASDAQ:GRUB) CFO Adam Dewitt sold 3,723 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $33.02, for a total transaction of $122,933.46. Following the transaction, the chief financial officer now owns 28,960 shares in the company, valued at $956,259.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Adam Dewitt also recently made the following trade(s):

  • On Monday, April 17th, Adam Dewitt sold 2,000 shares of GrubHub stock. The stock was sold at an average price of $35.00, for a total value of $70,000.00.
  • On Friday, February 10th, Adam Dewitt sold 5,812 shares of GrubHub stock. The stock was sold at an average price of $38.07, for a total value of $221,262.84.
  • On Tuesday, January 17th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $38.86, for a total value of $194,300.00.
  • On Monday, January 9th, Adam Dewitt sold 5,000 shares of GrubHub stock. The stock was sold at an average price of $36.55, for a total value of $182,750.00.

GrubHub Inc (NASDAQ:GRUB) traded up 0.302% during mid-day trading on Friday, reaching $34.825. The company’s stock had a trading volume of 1,479,266 shares. GrubHub Inc has a 1-year low of $21.41 and a 1-year high of $44.58. The firm has a 50-day moving average of $33.98 and a 200 day moving average of $37.39. The firm has a market capitalization of $2.99 billion and a price-to-earnings ratio of 60.043.

GrubHub (NASDAQ:GRUB) last posted its earnings results on Wednesday, February 8th. The information services provider reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by $0.02. The firm earned $137.50 million during the quarter, compared to the consensus estimate of $137.33 million. During the same quarter last year, the firm earned $0.19 earnings per share. The company’s revenue was up 37.5% compared to the same quarter last year. Equities analysts expect that GrubHub Inc will post $1.07 earnings per share for the current year.

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

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Institutional investors have recently bought and sold shares of the stock. BlackRock Investment Management LLC raised its stake in GrubHub by 0.5% in the third quarter. BlackRock Investment Management LLC now owns 302,663 shares of the information services provider’s stock worth $13,011,000 after buying an additional 1,518 shares during the last quarter. RWC Asset Management LLP raised its stake in GrubHub by 2.9% in the third quarter. RWC Asset Management LLP now owns 316,163 shares of the information services provider’s stock worth $13,592,000 after buying an additional 8,769 shares during the last quarter. Columbus Circle Investors acquired a new stake in GrubHub during the third quarter worth about $15,533,000. First Trust Advisors LP raised its stake in GrubHub by 179.6% in the third quarter. First Trust Advisors LP now owns 46,299 shares of the information services provider’s stock worth $1,990,000 after buying an additional 29,740 shares during the last quarter. Finally, KCG Holdings Inc. acquired a new stake in GrubHub during the third quarter worth about $678,000.

GRUB has been the subject of several recent research reports. Morgan Stanley raised GrubHub from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $36.00 to $44.00 in a report on Friday, January 13th. Craig Hallum set a $44.00 target price on GrubHub and gave the company a “hold” rating in a report on Monday, March 20th. Wedbush reissued an “outperform” rating and issued a $47.00 target price on shares of GrubHub in a report on Friday, December 23rd. Pacific Crest reissued an “overweight” rating and issued a $45.00 target price on shares of GrubHub in a report on Wednesday, March 22nd. Finally, Mizuho downgraded GrubHub from a “buy” rating to a “neutral” rating and reduced their target price for the company from $45.00 to $42.00 in a report on Thursday, February 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $42.04.

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.

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