Q1 2017 EPS Estimates for GrubHub Inc Lowered by Analyst (GRUB)

GrubHub Inc (NASDAQ:GRUB) – Analysts at William Blair lowered their Q1 2017 EPS estimates for GrubHub in a note issued to investors on Wednesday. William Blair analyst R. Schackart now anticipates that the firm will post earnings per share of $0.20 for the quarter, down from their prior estimate of $0.21.

GrubHub (NASDAQ:GRUB) last posted its earnings results on Wednesday, February 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The company earned $137.50 million during the quarter, compared to the consensus estimate of $137.33 million. GrubHub’s revenue was up 37.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 earnings per share.

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Earnings History and Estimates for GrubHub (NASDAQ:GRUB)

GRUB has been the topic of several other research reports. Loop Capital reiterated a “buy” rating on shares of GrubHub in a research note on Thursday, December 15th. Roth Capital set a $45.00 price target on shares of GrubHub and gave the stock a “buy” rating in a research note on Monday, February 6th. Zacks Investment Research upgraded shares of GrubHub from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Tuesday, January 3rd. Wedbush reiterated an “outperform” rating and issued a $47.00 price target on shares of GrubHub in a research note on Friday, December 23rd. Finally, Monness Crespi & Hardt cut shares of GrubHub from a “neutral” rating to a “sell” rating and set a $32.00 price target on the stock. in a research note on Tuesday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $42.68.

Shares of GrubHub (NASDAQ:GRUB) opened at 37.67 on Monday. GrubHub has a 1-year low of $21.21 and a 1-year high of $44.58. The company has a market capitalization of $3.22 billion and a PE ratio of 64.95. The company has a 50 day moving average price of $39.10 and a 200 day moving average price of $39.11.

In related news, CFO Adam Dewitt sold 5,000 shares of the company’s stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $36.31, for a total transaction of $181,550.00. Following the transaction, the chief financial officer now directly owns 5,500 shares in the company, valued at approximately $199,705. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Margo Drucker sold 1,054 shares of the company’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $36.62, for a total transaction of $38,597.48. Following the completion of the transaction, the senior vice president now owns 1,554 shares in the company, valued at $56,907.48. The disclosure for this sale can be found here. Insiders have sold a total of 76,505 shares of company stock worth $2,839,070 over the last quarter.

ILLEGAL ACTIVITY NOTICE: “Q1 2017 EPS Estimates for GrubHub Inc Lowered by Analyst (GRUB)” was originally reported by sleekmoney and is the sole property of of sleekmoney. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US & international trademark & copyright law. The legal version of this piece of content can be read at http://sleekmoney.com/q1-2017-eps-estimates-for-grubhub-inc-lowered-by-analyst-grub/1657247.html.

A number of institutional investors have recently modified their holdings of GRUB. Cetera Investment Advisers bought a new position in shares of GrubHub during the third quarter worth approximately $219,000. Fox Run Management L.L.C. bought a new position in shares of GrubHub during the third quarter worth approximately $236,000. Sigma Planning Corp bought a new position in shares of GrubHub during the third quarter worth approximately $245,000. Marietta Investment Partners LLC bought a new position in shares of GrubHub during the third quarter worth approximately $264,000. Finally, BlackRock Inc. increased its position in shares of GrubHub by 9.2% in the third quarter. BlackRock Inc. now owns 7,493 shares of the company’s stock worth $322,000 after buying an additional 630 shares in the last quarter.

GrubHub Company Profile

Grubhub Inc (Grubhub) is a provider of an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices.

5 Day Chart for NASDAQ:GRUB

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