Revenue Update on GrubHub Inc(NYSE:GRUB)

GrubHub Inc(NYSE:GRUB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $120.17M. Analysts estimated a revenue of $114.13M. Earnings per share were $0.23. Analysts had estimated an EPS of $0.19.

In a different note, Wedbush said it Initiates Coverage on GrubHub Inc, according to a research note issued on Jul 8, 2016. The shares have been rated ‘Outperform’ by the firm. On Jun 6, 2016, Monness Crespi Hardt said it Upgrades its rating on GrubHub Inc. The shares have been rated ‘Buy’ by the firm. Maxim Group said it Initiates Coverage on GrubHub Inc, according to a research note issued on Jun 3, 2016. The shares have been rated ‘Buy’ by the firm. On May 4, 2016, Morgan Stanley said it Downgrades its rating on GrubHub Inc. In the research note, the firm Lowers the price-target to $37.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

GrubHub Inc (GRUB) made into the market gainers list on Thursdays trading session with the shares advancing 0.34% or 0.13 points. Due to strong positive momentum, the stock ended at $38.65, which is also near the day’s high of $38.97. The stock began the session at $38.39 and the volume stood at 16,78,867 shares. The 52-week high of the shares is $39.53 and the 52 week low is $17.77. The company has a current market capitalization of $3,274 M and it has 8,47,17,401 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 20, 2016, Matthew M. Maloney (CEO and President) sold 14,491 shares at $29.99 per share price.Also, On Jul 15, 2016, Margo Drucker (SVP, Secretary, Gen Counsel) sold 5,271 shares at $29.88 per share price.On Jul 14, 2016, Adam Dewitt (CFO and Treasurer) sold 5,000 shares at $31.04 per share price, according to the Form-4 filing with the securities and exchange commission.

GrubHub Inc. is an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 30000 local restaurants with diners in more than 800 cities across the United States. The Company’s target market is primarily composed of independent restaurants. The Company provides diners on the platform with a personalized platform that helps them search for local restaurants and then place an order from an Internet-connected device. It also provides diners with information about their orders and status. In addition the Company enables re-ordering by storing previous orders preferences and payment information. The Company’s products include GrubHub and seamless Websites GrubHub and seamless mobile applications and mobile Website seamless corporate program allmenus and menupages orderhub and boost restaurant Websites and delivery.

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