GrubHub (GRUB) Downgraded to “Neutral” at Wedbush

GrubHub (NYSE:GRUB) was downgraded by investment analysts at Wedbush from an “outperform” rating to a “neutral” rating in a report issued on Monday, January 8th, Marketbeat.com reports. They presently have a $70.00 price objective on the information services provider’s stock, up from their prior price objective of $65.00. Wedbush’s target price would indicate a potential downside of 0.92% from the company’s previous close. The analysts noted that the move was a valuation call.

GRUB has been the subject of several other research reports. Barclays upped their price target on shares of GrubHub from $45.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Wells Fargo & Co reiterated a “hold” rating and issued a $58.00 price target on shares of GrubHub in a report on Thursday, October 26th. DA Davidson reiterated a “hold” rating and issued a $50.00 price target (up previously from $48.00) on shares of GrubHub in a report on Friday, October 27th. Oppenheimer upped their price target on shares of GrubHub to $80.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Finally, Credit Suisse Group cut shares of GrubHub from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $50.00 to $53.00 in a report on Monday, September 11th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. GrubHub presently has an average rating of “Buy” and an average target price of $64.96.

GrubHub (NYSE:GRUB) traded down $2.21 during trading on Monday, hitting $70.65. 1,233,173 shares of the stock traded hands, compared to its average volume of 1,400,762. The firm has a market capitalization of $6,316.56, a PE ratio of 103.90, a PEG ratio of 3.11 and a beta of 1.54. GrubHub has a 12 month low of $32.43 and a 12 month high of $77.99.

In other news, COO Stanley Chia sold 645 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $66.54, for a total value of $42,918.30. Following the transaction, the chief operating officer now directly owns 1,215 shares of the company’s stock, valued at $80,846.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew M. Maloney sold 36,932 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were 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 sold 299,677 shares of company stock worth $20,515,643 over the last three months. Insiders own 2.37% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Caledonia Private Investments Pty Ltd grew its stake in shares of GrubHub by 8.0% in the third quarter. Caledonia Private Investments Pty Ltd now owns 10,702,879 shares of the information services provider’s stock valued at $563,614,000 after acquiring an additional 790,969 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of GrubHub by 3.0% in the second quarter. Vanguard Group Inc. now owns 6,952,748 shares of the information services provider’s stock valued at $303,139,000 after acquiring an additional 203,802 shares in the last quarter. BlackRock Inc. grew its stake in shares of GrubHub by 4.3% in the second quarter. BlackRock Inc. now owns 5,296,672 shares of the information services provider’s stock valued at $230,935,000 after acquiring an additional 216,307 shares in the last quarter. Carmignac Gestion grew its stake in shares of GrubHub by 5.2% in the third quarter. Carmignac Gestion now owns 5,233,974 shares of the information services provider’s stock valued at $275,621,000 after acquiring an additional 257,429 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of GrubHub by 8.4% in the second quarter. Alliancebernstein L.P. now owns 2,539,390 shares of the information services provider’s stock valued at $110,717,000 after acquiring an additional 195,785 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.

Analyst Recommendations for GrubHub (NYSE:GRUB)

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