The CEO of GrubHub (NYSE: GRUB) is Buying Shares

By Carrie Williams

Today, the CEO of GrubHub (GRUBResearch Report), Matthew Maloney, bought shares of GRUB for $999.9K.

Following this transaction Matthew Maloney’s holding in the company was increased by 20.92% to a total of $5.95 million. This is Maloney’s first Buy trade following 9 Sell transactions.

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Based on GrubHub’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $324 million and quarterly net profit of $6.89 million. In comparison, last year the company earned revenue of $233 million and had a net profit of $30.77 million. GRUB’s market cap is $5.96B and the company has a P/E ratio of 113.98. Currently, GrubHub has an average volume of 5.11M.

Based on 23 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $99.36, reflecting a 48.8% upside. 16 different firms, including Argus Research and Merrill Lynch, currently also have a Buy rating on the stock.

The insider sentiment on GrubHub has been positive according to 150 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Matthew Maloney’s trades have generated a -74.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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GrubHub, Inc. operates as an online and mobile food-ordering company, which connects diners with local takeout restaurants. Its online and mobile ordering platforms allow diners and corporate businesses to order directly from takeout restaurants in the United States and London.