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.
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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.
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