Stock in Action: GrubHub Inc. (GRUB)

Gladys Abbott
August 8, 2017

Insiders sold a total of 269,526 shares of company stock valued at $11,912,021 over the last quarter.

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company reissued a "hold" rating on shares of GrubHub in a research report on Friday. Baillie Gifford & Co. boosted its position in GrubHub by 1.4% in the first quarter. Finally, Loop Capital restated a "buy" rating on shares of GrubHub in a report on Wednesday, April 19th. Finally, Stifel Nicolaus set a $53.00 price objective on GrubHub and gave the stock a "buy" rating in a research note on Thursday. Canaccord Genuity raised their target price on shares of GrubHub from $47.00 to $50.00 and gave the company a "buy" rating in a research note on Friday. The stock has a consensus rating of Buy and an average target price of $48.14.

GrubHub (NASDAQ GRUB) traded up 8.25% during mid-day trading on Friday, reaching $56.96. The company had a trading volume of 7,443,127 shares. GrubHub has a 12 month low of $32.43 and a 12 month high of $53.36. The Market Cap of the company is $4.16 Billion. $40's average target is -23.98% below currents $52.62 stock price. Volume was up 277.71% over the stocks average daily volume.

GrubHub (NASDAQ:GRUB) last announced its earnings results on Thursday, April 27th. The information services provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01.

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GrubHub Inc. (GRUB) is expected to post revenue of $159.96 Million in the current quarter, according to consensus of 17 analysts.

COPYRIGHT VIOLATION NOTICE: This piece was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & global copyright & trademark laws. The company was maintained on Friday, July 29 by Wedbush. The stock had previously closed at $51.06, but opened at $52.62. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Adam Dewitt sold 2,000 shares of the company's stock in a transaction on Monday, May 15th. The shares were sold at an average price of $44.95, for a total transaction of $89,900.00. The disclosure for this sale can be found here. The Praesidium Investment Management Company Llc holds 337,644 shares with $25.10M value, down from 344,514 last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of GrubHub during the second quarter valued at approximately $154,000. Caledonia Private Investments Pty Ltd now owns 9,582,509 shares of the information services provider's stock valued at $315,169,000 after buying an additional 1,174,124 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of GrubHub by 31.8% in the fourth quarter. Global Endowment Management LP now owns 6,520 shares of the information services provider's stock valued at $215,000 after buying an additional 560 shares during the period. As of quarter end Blair William & Co/il had acquired 21,932 shares growing its stake by 18.2%. In terms of a technical look around GrubHub Inc. The fund owned 38,366 shares of the information services provider's stock after selling 421,945 shares during the period. It last trading capacity has been noted with 7.44 million shares and 1.98 million shares are observed as exploring the average capacity of last three months trading period.

The sale accompanies a partnership that will make all of GrubHub's eateries available for takeout and delivery orders through Yelp, a move that roughly doubles the number of restaurants on the site with online order integration. Meanwhile, Grubhub will be able to get its service in front of millions of potential customers who browse Yelp for restaurant recommendations (Yelp has more than 100 million monthly visitors to its app and mobile website).

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