Stanley Chia Sells 3,528 Shares of GrubHub Inc (NYSE:GRUB) Stock

GrubHub Inc (NYSE:GRUB) COO Stanley Chia sold 3,528 shares of GrubHub stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $143.78, for a total value of $507,255.84. Following the completion of the sale, the chief operating officer now directly owns 2,194 shares in the company, valued at approximately $315,453.32. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Stanley Chia also recently made the following trade(s):

  • On Wednesday, August 1st, Stanley Chia sold 2,548 shares of GrubHub stock. The stock was sold at an average price of $121.86, for a total value of $310,499.28.
  • On Friday, August 3rd, Stanley Chia sold 3,527 shares of GrubHub stock. The shares were sold at an average price of $123.48, for a total value of $435,513.96.
  • On Tuesday, July 3rd, Stanley Chia sold 3,527 shares of GrubHub stock. The shares were sold at an average price of $104.02, for a total value of $366,878.54.

NYSE:GRUB opened at $144.97 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.43 and a quick ratio of 3.43. The stock has a market capitalization of $12.90 billion, a price-to-earnings ratio of 104.09, a PEG ratio of 3.79 and a beta of 1.13. GrubHub Inc has a 1-year low of $49.60 and a 1-year high of $147.72.

GrubHub (NYSE:GRUB) last posted its quarterly earnings data on Wednesday, July 25th. The information services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.19. GrubHub had a net margin of 15.16% and a return on equity of 10.52%. The company had revenue of $239.70 million during the quarter, compared to analysts’ expectations of $233.05 million. During the same period in the prior year, the company posted $0.26 EPS. The firm’s revenue for the quarter was up 50.9% on a year-over-year basis. sell-side analysts expect that GrubHub Inc will post 1.5 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on the company. Wedbush began coverage on GrubHub in a research note on Thursday. They issued an “outperform” rating on the stock. Roth Capital boosted their price target on GrubHub from $100.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, July 26th. Mizuho boosted their price target on GrubHub to $145.00 and gave the company a “buy” rating in a report on Thursday, July 26th. Stifel Nicolaus boosted their price target on GrubHub from $110.00 to $140.00 and gave the company a “hold” rating in a report on Thursday, July 26th. Finally, KeyCorp boosted their price target on GrubHub from $115.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $125.67.

Several hedge funds have recently modified their holdings of the company. Lansdowne Partners UK LLP raised its stake in GrubHub by 218.8% during the second quarter. Lansdowne Partners UK LLP now owns 2,034,672 shares of the information services provider’s stock worth $213,454,000 after acquiring an additional 1,396,482 shares during the period. Baillie Gifford & Co. raised its stake in GrubHub by 7.4% during the second quarter. Baillie Gifford & Co. now owns 9,304,281 shares of the information services provider’s stock worth $976,111,000 after acquiring an additional 638,210 shares during the period. Millennium Management LLC acquired a new stake in GrubHub during the second quarter worth about $46,102,000. SG Americas Securities LLC raised its stake in GrubHub by 5,752.3% during the second quarter. SG Americas Securities LLC now owns 428,913 shares of the information services provider’s stock worth $44,997,000 after acquiring an additional 421,584 shares during the period. Finally, Ardevora Asset Management LLP acquired a new stake in GrubHub during the second quarter worth about $32,346,000. 99.96% of the stock is currently owned by institutional investors and hedge funds.

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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