GrubHub (NYSE:GRUB) Announces Earnings Results, Beats Estimates By $0.24 EPS

GrubHub (NYSE:GRUB) released its earnings results on Thursday. The information services provider reported ($0.17) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.24, MarketWatch Earnings reports. The firm had revenue of $459.28 million during the quarter, compared to analyst estimates of $398.16 million. GrubHub had a negative return on equity of 3.66% and a negative net margin of 7.10%.

GRUB stock traded up $2.04 during trading on Friday, hitting $72.24. The company had a trading volume of 1,814,460 shares, compared to its average volume of 1,624,228. The firm has a market cap of $6.63 billion, a PE ratio of -63.37 and a beta of 1.24. GrubHub has a 1-year low of $29.35 and a 1-year high of $73.43. The firm has a 50-day moving average price of $68.25 and a 200-day moving average price of $53.98. The company has a quick ratio of 2.52, a current ratio of 1.59 and a debt-to-equity ratio of 0.42.

In related news, CFO Adam Dewitt sold 1,200 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $44.59, for a total value of $53,508.00. Following the transaction, the chief financial officer now owns 55,574 shares in the company, valued at approximately $2,478,044.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew M. Maloney sold 18,000 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $66.00, for a total value of $1,188,000.00. Following the completion of the transaction, the chief executive officer now owns 47,285 shares in the company, valued at approximately $3,120,810. The disclosure for this sale can be found here. Insiders sold a total of 41,659 shares of company stock worth $2,649,541 in the last 90 days. 1.88% of the stock is currently owned by insiders.

A number of research analysts recently issued reports on the company. Piper Sandler started coverage on GrubHub in a report on Monday, July 27th. They issued a “neutral” rating and a $75.00 target price for the company. ValuEngine downgraded GrubHub from a “strong-buy” rating to a “buy” rating in a report on Friday, May 1st. Canaccord Genuity downgraded GrubHub from a “buy” rating to a “hold” rating and lifted their price target for the stock from $65.00 to $70.00 in a report on Thursday, June 25th. BTIG Research started coverage on GrubHub in a report on Wednesday, June 10th. They set a “neutral” rating for the company. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of GrubHub in a report on Thursday, May 7th. Four analysts have rated the stock with a sell rating, twenty-four have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $53.57.

About GrubHub

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 for GrubHub (NYSE:GRUB)

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