Oppenheimer Raises GrubHub (GRUB) Price Target to $100.00

GrubHub (NYSE:GRUB) had its price target increased by Oppenheimer to $100.00 in a research report released on Friday. They currently have an outperform rating on the information services provider’s stock.

A number of other equities research analysts have also recently weighed in on the company. Cowen reiterated a buy rating and issued a $96.00 price objective on shares of GrubHub in a research note on Friday. Goldman Sachs Group boosted their price objective on GrubHub from $80.00 to $115.00 and gave the company a buy rating in a research note on Friday. Credit Suisse Group set a $80.00 price target on GrubHub and gave the stock a hold rating in a research note on Friday. Mizuho set a $98.00 price target on GrubHub and gave the stock a buy rating in a research note on Thursday, February 8th. Finally, Morgan Stanley restated a positive rating and set a $100.00 price target (up previously from $77.00) on shares of GrubHub in a research note on Friday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $75.70.

Shares of GrubHub (NYSE GRUB) opened at $86.70 on Friday. GrubHub has a 52 week low of $32.43 and a 52 week high of $94.89. The firm has a market capitalization of $7,520.00, a P/E ratio of 77.41, a price-to-earnings-growth ratio of 3.06 and a beta of 1.54.

GrubHub (NYSE:GRUB) last issued its quarterly earnings data on Thursday, February 8th. The information services provider reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.07. GrubHub had a return on equity of 8.47% and a net margin of 14.49%. The company had revenue of $205.10 million during the quarter, compared to analysts’ expectations of $201.55 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. The firm’s revenue for the quarter was up 49.2% on a year-over-year basis. analysts expect that GrubHub will post 1.22 earnings per share for the current fiscal year.

In related news, CEO Matthew M. Maloney sold 15,637 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $64.16, for a total transaction of $1,003,269.92. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Margo Drucker sold 1,621 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $67.24, for a total value of $108,996.04. Following the transaction, the senior vice president now directly owns 892 shares in the company, valued at approximately $59,978.08. The disclosure for this sale can be found here. Insiders have sold 325,212 shares of company stock worth $22,721,729 in the last ninety days. 2.37% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in GRUB. First Trust Advisors LP grew its holdings in GrubHub by 996.8% in the fourth quarter. First Trust Advisors LP now owns 1,610,369 shares of the information services provider’s stock valued at $115,624,000 after purchasing an additional 1,463,539 shares during the last quarter. Caledonia Private Investments Pty Ltd grew its holdings in 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 purchasing an additional 790,969 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in GrubHub in the second quarter valued at $28,875,000. Koch Industries Inc. acquired a new stake in GrubHub in the second quarter valued at $456,000. Finally, Lord Abbett & CO. LLC acquired a new stake in GrubHub in the second quarter valued at $19,789,000.

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About GrubHub

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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