KeyCorp Analysts Give GrubHub (NYSE:GRUB) a $62.00 Price Target

GrubHub (NYSE:GRUB) received a $62.00 price objective from investment analysts at KeyCorp in a research report issued on Thursday, November 16th. The brokerage presently has a “buy” rating on the information services provider’s stock. KeyCorp’s target price indicates a potential downside of 8.26% from the company’s current price.

Several other research firms also recently weighed in on GRUB. Wedbush set a $55.00 target price on GrubHub and gave the stock a “buy” rating in a research report on Friday, August 4th. Stifel Nicolaus set a $53.00 price objective on GrubHub and gave the company a “buy” rating in a report on Thursday, August 3rd. Cowen restated an “outperform” rating and issued a $54.00 price objective on shares of GrubHub in a report on Wednesday, August 9th. BidaskClub upgraded GrubHub from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Finally, Canaccord Genuity restated a “buy” rating and issued a $50.00 price objective on shares of GrubHub in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $59.18.

GrubHub (NYSE:GRUB) traded up $0.64 during mid-day trading on Thursday, hitting $67.58. 883,155 shares of the company were exchanged, compared to its average volume of 1,977,503. GrubHub has a 1 year low of $32.43 and a 1 year high of $69.82. The stock has a market capitalization of $5,773.86, a price-to-earnings ratio of 76.55, a PEG ratio of 3.65 and a beta of 1.67.

GrubHub (NYSE:GRUB) last posted its earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The firm had revenue of $163.10 million during the quarter, compared to analyst estimates of $159.63 million. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. GrubHub’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share. sell-side analysts expect that GrubHub will post 0.89 EPS for the current fiscal year.

In other news, CEO Matthew M. Maloney sold 37,283 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $64.58, for a total transaction of $2,407,736.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Maria Belousova sold 2,686 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $57.03, for a total value of $153,182.58. Following the completion of the transaction, the insider now directly owns 857 shares of the company’s stock, valued at $48,874.71. The disclosure for this sale can be found here. Insiders sold 320,105 shares of company stock valued at $18,953,542 over the last three months. 2.37% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System raised its stake in GrubHub by 1.6% in the 3rd quarter. California Public Employees Retirement System now owns 160,600 shares of the information services provider’s stock valued at $8,457,000 after purchasing an additional 2,500 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in GrubHub in the 3rd quarter valued at $105,000. Highbridge Capital Management LLC acquired a new position in GrubHub in the 3rd quarter valued at $230,000. Janus Henderson Group PLC raised its stake in GrubHub by 58.3% in the 3rd quarter. Janus Henderson Group PLC now owns 1,048,396 shares of the information services provider’s stock valued at $55,210,000 after purchasing an additional 386,129 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. grew its holdings in GrubHub by 44.5% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 237,697 shares of the information services provider’s stock valued at $12,517,000 after buying an additional 73,256 shares in the last quarter.

TRADEMARK VIOLATION NOTICE: This story was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.dispatchtribunal.com/2017/12/05/keycorp-reiterates-62-00-price-target-for-grubhub-inc-grub.html.

GrubHub Company Profile

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.

Analyst Recommendations for GrubHub (NYSE:GRUB)

Receive News & Ratings for GrubHub Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply