Analysts Expect GrubHub Inc (NYSE:GRUB) Will Post Quarterly Sales of $329.93 Million

Brokerages forecast that GrubHub Inc (NYSE:GRUB) will report $329.93 million in sales for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for GrubHub’s earnings, with the highest sales estimate coming in at $332.12 million and the lowest estimate coming in at $327.80 million. GrubHub reported sales of $247.23 million in the same quarter last year, which would suggest a positive year over year growth rate of 33.5%. The business is expected to issue its next quarterly earnings report on Thursday, October 24th.

According to Zacks, analysts expect that GrubHub will report full-year sales of $1.37 billion for the current year, with estimates ranging from $1.35 billion to $1.39 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.73 billion, with estimates ranging from $1.70 billion to $1.76 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for GrubHub.

GrubHub (NYSE:GRUB) last posted its quarterly earnings results on Tuesday, July 30th. The information services provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.13. The company had revenue of $325.06 million for the quarter, compared to analysts’ expectations of $317.39 million. GrubHub had a net margin of 2.17% and a return on equity of 4.25%. GrubHub’s revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 EPS.



GRUB has been the topic of a number of research reports. Benchmark reaffirmed a “buy” rating and issued a $90.00 price target on shares of GrubHub in a report on Wednesday, July 31st. Wells Fargo & Co lowered their price target on shares of GrubHub from $85.00 to $74.00 and set an “in-line” rating on the stock in a report on Tuesday, April 30th. Wedbush set a $90.00 price target on shares of GrubHub and gave the stock an “in-line” rating in a report on Wednesday, July 31st. JMP Securities lowered their price target on shares of GrubHub to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Finally, ValuEngine raised shares of GrubHub from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. GrubHub has an average rating of “Buy” and an average price target of $96.14.

Shares of NYSE:GRUB traded up $1.15 during mid-day trading on Tuesday, reaching $59.70. The company had a trading volume of 1,540,122 shares, compared to its average volume of 3,608,353. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.41. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 48.54, a PEG ratio of 3.64 and a beta of 1.21. The company’s 50-day moving average price is $72.82 and its 200-day moving average price is $71.89. GrubHub has a one year low of $57.37 and a one year high of $149.35.

In other news, SVP Margo Drucker sold 587 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $67.49, for a total transaction of $39,616.63. Following the completion of the transaction, the senior vice president now directly owns 7,727 shares in the company, valued at approximately $521,495.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Maria Belousova sold 6,821 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $69.26, for a total transaction of $472,422.46. Following the transaction, the insider now owns 6,661 shares of the company’s stock, valued at $461,340.86. The disclosure for this sale can be found here. Insiders have sold a total of 26,511 shares of company stock valued at $1,939,926 over the last 90 days. Company insiders own 1.88% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GRUB. Elkfork Partners LLC bought a new stake in GrubHub in the second quarter worth $26,000. Meadow Creek Investment Management LLC bought a new stake in GrubHub in the second quarter worth $33,000. First Hawaiian Bank bought a new stake in GrubHub in the first quarter worth $30,000. YorkBridge Wealth Partners LLC bought a new stake in GrubHub in the first quarter worth $35,000. Finally, Glen Harbor Capital Management LLC bought a new stake in GrubHub in the second quarter worth $40,000.

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 105,000 local restaurants with diners with diners in various cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, eat24.com, and menupages.com.

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Earnings History and Estimates for GrubHub (NYSE:GRUB)

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