Insider Selling: Grubhub Inc. (NYSE:GRUB) CEO Sells 4,000 Shares of Stock

Grubhub Inc. (NYSE:GRUB) CEO Matthew M. Maloney sold 4,000 shares of the stock in a transaction on Monday, December 28th. The stock was sold at an average price of $75.00, for a total value of $300,000.00. Following the sale, the chief executive officer now owns 5,554 shares in the company, valued at approximately $416,550. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NYSE:GRUB opened at $74.27 on Friday. Grubhub Inc. has a 1-year low of $29.35 and a 1-year high of $85.53. The business’s 50-day moving average price is $71.24 and its two-hundred day moving average price is $72.32. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of -59.42 and a beta of 0.98.

Grubhub (NYSE:GRUB) last released its earnings results on Wednesday, October 28th. The information services provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.49. Grubhub had a negative return on equity of 4.44% and a negative net margin of 6.99%. The firm had revenue of $493.98 million for the quarter, compared to analyst estimates of $448.24 million. Sell-side analysts predict that Grubhub Inc. will post -0.94 earnings per share for the current year.

Several analysts have recently commented on GRUB shares. Wedbush restated a “neutral” rating on shares of Grubhub in a report on Sunday, November 1st. ValuEngine cut Grubhub from a “buy” rating to a “hold” rating in a report on Tuesday, December 1st. Three equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $55.37.

A number of large investors have recently added to or reduced their stakes in the business. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Grubhub by 7.3% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 5,460 shares of the information services provider’s stock valued at $337,000 after buying an additional 370 shares during the period. Jeppson Wealth Management LLC acquired a new position in Grubhub in the third quarter valued at about $28,000. Private Advisor Group LLC acquired a new stake in shares of Grubhub during the second quarter worth about $28,000. Retirement Systems of Alabama raised its position in shares of Grubhub by 0.4% during the third quarter. Retirement Systems of Alabama now owns 120,474 shares of the information services provider’s stock worth $8,714,000 after purchasing an additional 484 shares during the period. Finally, Intellectus Partners LLC raised its position in shares of Grubhub by 7.5% during the second quarter. Intellectus Partners LLC now owns 7,550 shares of the information services provider’s stock worth $531,000 after purchasing an additional 525 shares during the period. 95.61% of the stock is currently owned by hedge funds and other institutional investors.

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 300,000 local restaurants with diners in various cities. It offers Grubhub and Seamless mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, and menupages.com.

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