GrubHub Inc (NYSE:GRUB) – Gabelli lowered their FY2019 EPS estimates for shares of GrubHub in a research note issued on Monday, April 29th, according to Zacks Investment Research. Gabelli analyst M. Trusz now expects that the information services provider will earn $0.65 per share for the year, down from their prior estimate of $0.72. Gabelli also issued estimates for GrubHub’s FY2020 earnings at $1.03 EPS.
A number of other analysts have also recently issued reports on the stock. Wedbush reiterated an “outperform” rating on shares of GrubHub in a research note on Monday, April 29th. Roth Capital cut shares of GrubHub from a “buy” rating to a “neutral” rating in a research note on Monday, February 11th. Credit Suisse Group upgraded shares of GrubHub from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $125.00 to $130.00 in a research note on Monday, January 28th. Argus cut shares of GrubHub from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Barclays reduced their target price on shares of GrubHub to $72.00 and set an “underweight” rating for the company in a research note on Thursday, January 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. GrubHub currently has an average rating of “Buy” and an average target price of $115.68.
GrubHub (NYSE:GRUB) last posted its earnings results on Thursday, April 25th. The information services provider reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.19. The firm had revenue of $323.77 million during the quarter, compared to analysts’ expectations of $322.23 million. GrubHub had a net margin of 4.97% and a return on equity of 6.14%. The company’s revenue was up 39.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 earnings per share.
A number of large investors have recently added to or reduced their stakes in the stock. Massey Quick Simon & CO. LLC raised its stake in GrubHub by 20.0% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 1,117 shares of the information services provider’s stock valued at $86,000 after purchasing an additional 186 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in GrubHub by 5.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,179 shares of the information services provider’s stock valued at $321,000 after buying an additional 206 shares during the period. Parallel Advisors LLC increased its holdings in GrubHub by 99.1% in the 4th quarter. Parallel Advisors LLC now owns 432 shares of the information services provider’s stock valued at $33,000 after buying an additional 215 shares during the period. Private Vista LLC increased its holdings in GrubHub by 8.0% in the 4th quarter. Private Vista LLC now owns 2,930 shares of the information services provider’s stock valued at $225,000 after buying an additional 216 shares during the period. Finally, Utah Retirement Systems increased its holdings in GrubHub by 1.3% in the 1st quarter. Utah Retirement Systems now owns 17,017 shares of the information services provider’s stock valued at $1,182,000 after buying an additional 217 shares during the period.
In related news, insider Samuel Pike Hall sold 2,818 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $75.00, for a total transaction of $211,350.00. Following the completion of the transaction, the insider now directly owns 940 shares in the company, valued at approximately $70,500. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Matthew M. Maloney bought 15,416 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The shares were bought at an average price of $64.87 per share, with a total value of $1,000,035.92. Following the completion of the purchase, the chief executive officer now owns 13,621 shares in the company, valued at $883,594.27. The disclosure for this purchase can be found here. Insiders sold 3,544 shares of company stock valued at $266,221 over the last 90 days. 1.88% of the stock is owned by corporate insiders.
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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