GrubHub (NYSE:GRUB) had its target price hoisted by equities research analysts at Stifel Nicolaus from $63.00 to $75.00 in a research report issued on Tuesday, February 6th, MarketBeat reports. The firm currently has a “buy” rating on the information services provider’s stock. Stifel Nicolaus’ target price would indicate a potential downside of 14.67% from the stock’s current price.
GRUB has been the subject of a number of other research reports. KeyCorp set a $80.00 price target on GrubHub and gave the company a “buy” rating in a report on Monday, December 11th. Zacks Investment Research raised GrubHub from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Tuesday, January 9th. Wedbush downgraded GrubHub from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $65.00 to $70.00 in a report on Monday, January 8th. They noted that the move was a valuation call. Oppenheimer increased their target price on GrubHub to $80.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $80.00 target price on shares of GrubHub in a report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $75.70.
GrubHub (NYSE GRUB) traded up $1.19 during midday trading on Tuesday, reaching $87.89. The company had a trading volume of 170,852 shares, compared to its average volume of 2,031,816. GrubHub has a 1 year low of $32.43 and a 1 year high of $94.89. The stock has a market capitalization of $7,520.00, a P/E ratio of 77.41, a PEG ratio of 3.06 and a beta of 1.54.
GrubHub (NYSE:GRUB) last released its earnings results on Thursday, February 8th. The information services provider reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.07. The firm had revenue of $205.10 million for the quarter, compared to the consensus estimate of $201.55 million. GrubHub had a return on equity of 8.47% and a net margin of 14.49%. The firm’s revenue for the quarter was up 49.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 earnings per share. research analysts forecast that GrubHub will post 1.22 EPS for the current fiscal year.
In other news, CEO Matthew M. Maloney sold 15,637 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $64.16, for a total value of $1,003,269.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stanley Chia sold 645 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $66.54, for a total value of $42,918.30. Following the completion of the sale, the chief operating officer now directly owns 1,215 shares of the company’s stock, valued at approximately $80,846.10. The disclosure for this sale can be found here. Insiders sold a total of 325,212 shares of company stock worth $22,721,729 over the last 90 days. Insiders own 2.37% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GRUB. Cubist Systematic Strategies LLC acquired a new stake in GrubHub during the third quarter valued at $105,000. PNC Financial Services Group Inc. boosted its position in GrubHub by 6.4% during 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 during the last quarter. Asset Dedication LLC acquired a new stake in GrubHub during the third quarter valued at $165,000. Bronfman E.L. Rothschild L.P. boosted its position in GrubHub by 53.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,533 shares of the information services provider’s stock valued at $182,000 after purchasing an additional 885 shares during the last quarter. Finally, BT Investment Management Ltd acquired a new stake in GrubHub during the third quarter valued at $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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