GrubHub Inc (NASDAQ:GRUB) had its price target raised by research analysts at Stifel Nicolaus from $53.00 to $60.00 in a note issued to investors on Wednesday, October 25th, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the information services provider’s stock. Stifel Nicolaus’ price objective indicates a potential downside of 4.91% from the company’s previous close.
GRUB has been the topic of several other reports. Wedbush restated an “outperform” rating and set a $54.93 target price (down from $63.00) on shares of GrubHub in a report on Wednesday, August 23rd. DA Davidson started coverage on GrubHub in a research report on Wednesday, September 13th. They issued a “neutral” rating and a $48.00 price target on the stock. KeyCorp set a $62.00 price target on GrubHub and gave the company a “buy” rating in a research report on Sunday, October 15th. Roth Capital set a $55.00 price target on GrubHub and gave the company a “buy” rating in a research report on Monday, July 31st. Finally, Vetr raised GrubHub from a “sell” rating to a “strong-buy” rating and set a $62.06 price target on the stock in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. GrubHub presently has an average rating of “Buy” and a consensus price target of $58.18.
Shares of GrubHub (GRUB) opened at $63.10 on Wednesday. GrubHub has a 12-month low of $32.43 and a 12-month high of $63.16.
GrubHub (NASDAQ:GRUB) last announced its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. GrubHub had a return on equity of 5.01% and a net margin of 7.97%. The business had revenue of $163.10 million during the quarter, compared to analyst estimates of $159.63 million. During the same period last year, the company earned $0.23 earnings per share. GrubHub’s quarterly revenue was up 32.1% compared to the same quarter last year.
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In related news, SVP Margo Drucker sold 1,737 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $56.97, for a total value of $98,956.89. Following the completion of the transaction, the senior vice president now directly owns 892 shares of the company’s stock, valued at approximately $50,817.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Adam Dewitt sold 5,000 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $51.13, for a total transaction of $255,650.00. Following the sale, the chief financial officer now directly owns 20,114 shares in the company, valued at $1,028,428.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 394,778 shares of company stock valued at $22,544,555.
A number of large investors have recently modified their holdings of the business. Alps Advisors Inc. raised its holdings in shares of GrubHub by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 14,125 shares of the information services provider’s stock valued at $616,000 after purchasing an additional 36 shares during the period. Renaissance Group LLC grew its position in shares of GrubHub by 0.9% during the 2nd quarter. Renaissance Group LLC now owns 8,856 shares of the information services provider’s stock worth $386,000 after purchasing an additional 80 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of GrubHub by 6.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock worth $108,000 after purchasing an additional 148 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of GrubHub by 11.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock worth $120,000 after purchasing an additional 285 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its position in shares of GrubHub by 8.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,544 shares of the information services provider’s stock worth $329,000 after acquiring an additional 567 shares in the last quarter.
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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