Analysts predict that GrubHub Inc (NYSE:GRUB) will report $433.28 million in sales for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for GrubHub's earnings, with the lowest sales estimate coming in at $387.00 million and the highest estimate coming in at $496.60 million. GrubHub reported sales of $322.00 million during the same quarter last year, which indicates a positive year over year growth rate of 34.6%. The firm is expected to announce its next earnings results on Monday, October 26th.
On average, analysts expect that GrubHub will report full year sales of $1.68 billion for the current fiscal year, with estimates ranging from $1.56 billion to $1.85 billion. For the next year, analysts anticipate that the business will report sales of $1.92 billion, with estimates ranging from $1.63 billion to $2.37 billion. Zacks Investment Research's sales averages are an average based on a survey of sell-side research firms that follow GrubHub.
GrubHub (NYSE:GRUB) last released its quarterly earnings results on Thursday, July 30th. The information services provider reported ($0.17) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.41) by $0.24. GrubHub had a negative return on equity of 3.66% and a negative net margin of 7.10%. The business had revenue of $459.28 million during the quarter, compared to analysts' expectations of $398.16 million.
Several research firms have issued reports on GRUB. KeyCorp reiterated a "hold" rating on shares of GrubHub in a research report on Thursday, June 11th. William Blair cut GrubHub from an "outperform" rating to a "market perform" rating in a research report on Thursday, June 11th. Canaccord Genuity cut GrubHub from a "buy" rating to a "hold" rating and increased their price objective for the stock from $65.00 to $70.00 in a research report on Thursday, June 25th. BTIG Research began coverage on GrubHub in a research report on Wednesday, June 10th. They issued a "neutral" rating for the company. Finally, Wells Fargo & Company increased their price objective on GrubHub from $52.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Friday, June 12th. Four analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of "Hold" and an average price target of $53.45.
GrubHub stock opened at $71.94 on Friday. GrubHub has a 12 month low of $29.35 and a 12 month high of $79.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.59 and a quick ratio of 1.59. The business has a 50 day simple moving average of $72.70 and a 200-day simple moving average of $59.36. The stock has a market capitalization of $6.64 billion, a PE ratio of -63.10 and a beta of 1.10.
In other GrubHub news, CEO Matthew M. Maloney sold 99,282 shares of the firm's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $72.76, for a total value of $7,223,758.32. Following the sale, the chief executive officer now directly owns 84,383 shares of the company's stock, valued at approximately $6,139,707.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Matthew M. Maloney sold 2,406 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $77.03, for a total value of $185,334.18. Following the completion of the sale, the chief executive officer now directly owns 52,293 shares in the company, valued at $4,028,129.79. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 185,647 shares of company stock worth $13,894,122. Corporate insiders own 1.88% of the company's stock.
Large investors have recently modified their holdings of the business. Hudson Bay Capital Management LP acquired a new stake in GrubHub in the 2nd quarter worth about $11,951,000. Korea Investment CORP acquired a new position in shares of GrubHub in the 1st quarter valued at about $929,000. Squarepoint Ops LLC lifted its stake in shares of GrubHub by 345.7% in the 1st quarter. Squarepoint Ops LLC now owns 48,825 shares of the information services provider's stock valued at $1,989,000 after purchasing an additional 37,870 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of GrubHub by 153.2% in the 1st quarter. Thrivent Financial for Lutherans now owns 60,499 shares of the information services provider's stock valued at $2,465,000 after purchasing an additional 36,604 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of GrubHub by 4.7% in the 2nd quarter. Principal Financial Group Inc. now owns 282,969 shares of the information services provider's stock valued at $19,893,000 after purchasing an additional 12,685 shares in the last quarter. 98.36% 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 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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