Zacks Investment Research upgraded shares of GrubHub (NYSE:GRUB) from a hold rating to a buy rating in a research note released on Tuesday, January 9th. They currently have $80.00 price objective on the information services provider’s stock.
According to Zacks, “GrubHub Inc. is an online and mobile food ordering company. The Company’s platform assists diners in searching for local restaurant, tracking the order and re-order for convenience. It operates within the United States and the United Kingdom. GrubHub Inc. is based in United States. “
Several other brokerages also recently commented on GRUB. Credit Suisse Group downgraded shares of GrubHub from an outperform rating to a neutral rating and boosted their price objective for the company from $50.00 to $53.00 in a research report on Monday, September 11th. BidaskClub downgraded shares of GrubHub from a buy rating to a hold rating in a research report on Wednesday, September 13th. DA Davidson initiated coverage on shares of GrubHub in a research report on Wednesday, September 13th. They set a neutral rating and a $48.00 price objective for the company. Cowen restated an outperform rating and set a $65.00 price objective (up from $54.00) on shares of GrubHub in a research report on Thursday, September 14th. Finally, Canaccord Genuity boosted their price objective on shares of GrubHub from $50.00 to $60.00 and gave the company a buy rating in a research report on Monday, September 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $64.96.
Shares of GrubHub (NYSE GRUB) traded down $2.21 during mid-day trading on Tuesday, hitting $70.65. The company had a trading volume of 1,233,173 shares, compared to its average volume of 1,400,762. The company has a market capitalization of $6,316.56, a PE ratio of 103.90, a P/E/G ratio of 3.11 and a beta of 1.54. GrubHub has a fifty-two week low of $32.43 and a fifty-two week high of $77.99.
In related news, CMO Barbara Martin Coppola sold 1,458 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $67.46, for a total value of $98,356.68. Following the completion of the sale, the chief marketing officer now directly owns 7,097 shares in the company, valued at $478,763.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Adam Dewitt sold 6,722 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $61.90, for a total value of $416,091.80. Following the completion of the sale, the chief financial officer now owns 21,466 shares of the company’s stock, valued at $1,328,745.40. The disclosure for this sale can be found here. Insiders have sold 299,677 shares of company stock valued at $20,515,643 over the last quarter. Company insiders own 2.37% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC bought a new stake in GrubHub during the second quarter valued at $19,789,000. Principal Financial Group Inc. boosted its position in GrubHub by 51.3% during the second quarter. Principal Financial Group Inc. now owns 17,348 shares of the information services provider’s stock valued at $756,000 after acquiring an additional 5,880 shares during the last quarter. Swiss National Bank boosted its position in GrubHub by 19.6% during the second quarter. Swiss National Bank now owns 135,400 shares of the information services provider’s stock valued at $5,903,000 after acquiring an additional 22,200 shares during the last quarter. Westpac Banking Corp boosted its position in GrubHub by 105.7% during the third quarter. Westpac Banking Corp now owns 21,600 shares of the information services provider’s stock valued at $1,137,000 after acquiring an additional 11,100 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in GrubHub during the third quarter valued at $1,083,000.
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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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