Chief Technology Officer Belousova Maria sold 3,572 shares in GrubHub Inc. (NYSE:GRUB) for $2,122 in transaction occurred on 2019/02/05. After making this transaction, the Chief Technology Officer owns a direct stake of 287,225 shares, worth $168,848, as per the last closing price. On 2019/02/01 Rice Linda Johnson, Director at GRUB, dumped 180 shares at an average price of $80.09 per share. The selling total is valued at $14,800.
Separately, it had been reported that some other GRUB insiders also took part of the insider trading activity. Chief Technology Officer, Belousova Maria had divested 3,497 shares through a trade on 2019/01/03. Following this activity, the insider holds 260,701 shares. Wall Street’s most bullish GrubHub Inc. (NYSE:GRUB) analysts are predicting the share price to blow past $140 per share during the next 12 months. The current median share price forecast by them is $108, suggesting that the stock could increase 35.73% in that time frame. The average price target of $104 calls for a nearly 30.7% increase in the stock price.
GrubHub Inc. (GRUB) trading activity significantly weakened as the volume at ready counter decreased to 3,876,608 shares versus 3,893,795 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 3,247,959 shares. The share price rose 1.91% in recent trade and currently has a stock-market value of $7.2B. The shares finished at $79.57, after trading as low as $78.39 earlier in the session. It hit an intraday high Tuesday at $81.8. The stock is now 19.44% above against its bear-market low of $66.62 on February 07, 2019. It has retreated -87.7% since it’s 52-week high of $149.35 reached in September. Now the market price is down -6.98% on the year and up 3.59% YTD.
GRUB’s 50 day simple moving average (SMA 50) price is $78.1 and its 200-day simple moving average (SMA 200) price is $105.34. The company’s stock currently has a total float of 90.42M shares. Its weekly volatility is hovering around 10.83% and felt 5.59% volatility in price over a month. On the upside, the share price will test short term resistance at around $81.45. On a downside, the stock is likely to find some support, which begins at $78.04. The failure to get near-term support could push it to $76.51.
It had seen a positive analyst call from ROTH Capital, which upgraded the stock from Neutral to Buy on February 08. Analysts at BofA/Merrill, shed their negative views on February 08 by lifting it fromNeutral to Buy. Brokerage firm Barclays, looks cautious as they stick to prior recommendation of Underweight, in a call on February 08. However, they did change the target price from $72 to $68. Credit Suisse analysts came out with bullish views on January 28 when the call was made. They think the stock is now Outperform compared to to their prior call for Neutral.
When looking at valuations, GrubHub Inc. (GRUB) has a pricey P/E of 70.29x as compared to industry average of 32.03x. Moreover, it trades for 35.43 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 5.03x price/book and 7.79x price/sales. Compared to others, GrubHub Inc. is in a different league with regards to profitability, having net margins of 13.8%. To put some perspective around this, the industry’s average net margin is 10.6%. GRUB’s ROE is 10%, which is also considerably better than the industry’s ROE of -132.56%. It’s also very liquid in the near term, with a current ratio of 2.3. The stock has a debt/capital of 0.21.
Shares of GrubHub Inc. (GRUB) have dropped -7% since the company’s last earnings report. Over the past 12 fiscal quarters, GrubHub Inc. (NYSE:GRUB) has topped consensus earnings estimates in 9 quarters (75%), missed earnings in 2 quarters (16%), whereas at 1 occasion EPS met analyst expectations. GRUB last reported earnings on February 07, 2019 when it released Dec-18 results that receded expectations. The company raked in $0.19 per share, -99.42% change on the same period last year. That was worse than consensus for $0.28. Revenue for the recent quarter stood at $287.72 million, up 40% on last year and below the $290.5 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $318.8 million to $332.29 million, which should be compared with $283.38 million generated last year. EPS is seen in a range of $0.13 to $0.41, against the $0.5 reported a year ago.