Wells Fargo & Co reiterated their market perform rating on shares of GrubHub (NYSE:GRUB) in a report issued on Monday morning, The Fly reports. Wells Fargo & Co currently has a $68.00 target price on the information services provider’s stock, up from their prior target price of $58.00.
Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus reissued a buy rating and issued a $53.00 target price on shares of GrubHub in a research note on Wednesday, October 4th. KeyCorp set a $62.00 target price on GrubHub and gave the company a buy rating in a research note on Sunday, October 15th. Craig Hallum started coverage on GrubHub in a research note on Monday, September 25th. They issued a buy rating and a $70.00 target price for the company. Canaccord Genuity lifted their target price on GrubHub from $50.00 to $60.00 and gave the company a buy rating in a research note on Monday, September 18th. Finally, Morgan Stanley reissued a buy rating and issued a $63.00 target price (up from $59.00) on shares of GrubHub in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $62.61.
GrubHub (NYSE GRUB) traded up $1.69 during mid-day trading on Monday, reaching $68.22. The company had a trading volume of 1,028,257 shares, compared to its average volume of 1,624,314. GrubHub has a 12-month low of $32.43 and a 12-month high of $74.81. The firm has a market cap of $5,760.00, a PE ratio of 100.32, a price-to-earnings-growth ratio of 3.15 and a beta of 1.67.
GrubHub (NYSE:GRUB) last released its quarterly earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.04. GrubHub had a return on equity of 7.45% and a net margin of 9.60%. The firm had revenue of $163.10 million during the quarter, compared to analysts’ expectations of $159.63 million. During the same period last year, the firm posted $0.23 EPS. The business’s revenue was up 32.1% on a year-over-year basis. equities analysts expect that GrubHub will post 0.89 earnings per share for the current year.
In other GrubHub news, COO Stanley Chia sold 645 shares of GrubHub stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $60.60, for a total transaction of $39,087.00. Following the transaction, the chief operating officer now directly owns 1,215 shares in the company, valued at $73,629. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew M. Maloney sold 50,000 shares of GrubHub stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $70.96, for a total value of $3,548,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 442,393 shares of company stock valued at $28,330,028. 2.37% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. Cubist Systematic Strategies LLC bought a new stake in shares of GrubHub in the third quarter valued at about $105,000. PNC Financial Services Group Inc. lifted its holdings in shares of GrubHub by 6.4% in 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 purchasing an additional 148 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of GrubHub by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after purchasing an additional 285 shares in the last quarter. Asset Dedication LLC bought a new stake in shares of GrubHub in the third quarter valued at about $165,000. Finally, BT Investment Management Ltd bought a new stake in shares of GrubHub in the third quarter valued at about $195,000.
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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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