GrubHub Inc (NASDAQ:GRUB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday, October 25th.
According to Zacks, “GrubHub Inc. is an online and mobile food ordering company. The Company’s platform assists diners in searching for local restaurant, tracking the order and re-order for convenience. It operates within the United States and the United Kingdom. GrubHub Inc. is based in United States. “
A number of other equities research analysts have also weighed in on GRUB. Canaccord Genuity reissued a “buy” rating and set a $50.00 target price on shares of GrubHub in a report on Thursday, August 10th. Stifel Nicolaus restated a “buy” rating and issued a $53.00 price target (up previously from $50.00) on shares of GrubHub in a research report on Wednesday, August 9th. BidaskClub upgraded shares of GrubHub from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Cowen and Company restated an “outperform” rating and issued a $54.00 price target on shares of GrubHub in a research report on Wednesday, August 9th. Finally, Wedbush restated an “outperform” rating and issued a $60.00 price target (down previously from $63.00) on shares of GrubHub in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $58.18.
GrubHub (GRUB) traded up $1.46 on Wednesday, reaching $63.10. 1,267,000 shares of the company’s stock were exchanged, compared to its average volume of 2,043,482. GrubHub has a 52-week low of $32.43 and a 52-week high of $63.16.
GrubHub (NASDAQ:GRUB) last posted its earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. GrubHub had a net margin of 7.97% and a return on equity of 5.01%. The firm had revenue of $163.10 million for the quarter, compared to analyst estimates of $159.63 million. During the same period in the previous year, the firm posted $0.23 EPS. The company’s revenue for the quarter was up 32.1% compared to the same quarter last year.
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In other news, CFO Adam Dewitt sold 5,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $54.57, for a total value of $272,850.00. Following the completion of the sale, the chief financial officer now owns 22,854 shares in the company, valued at approximately $1,247,142.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew M. Maloney sold 36,932 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $62.43, for a total transaction of $2,305,664.76. The disclosure for this sale can be found here. Insiders have sold a total of 394,778 shares of company stock valued at $22,544,555 in the last 90 days.
A number of institutional investors and hedge funds have recently bought and sold shares of GRUB. PNC Financial Services Group Inc. grew its position in GrubHub by 6.4% during the second quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock valued at $108,000 after buying an additional 148 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in GrubHub by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after buying an additional 285 shares during the period. Fortaleza Asset Management Inc. purchased a new stake in GrubHub during the second quarter valued at about $146,000. Chicago Partners Investment Group LLC purchased a new stake in GrubHub during the second quarter valued at about $154,000. Finally, Asset Dedication LLC purchased a new stake in GrubHub during the third quarter valued at about $165,000.
Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.
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