Zacks Investment Research Lowers GrubHub (GRUB) to Hold

Zacks Investment Research downgraded shares of GrubHub (NYSE:GRUB) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday morning.

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 analysts have also issued reports on the company. Guggenheim assumed coverage on GrubHub in a research note on Monday, February 12th. They issued a buy rating and a $85.54 target price on the stock. Oppenheimer boosted their target price on GrubHub to $100.00 and gave the company an outperform rating in a research note on Friday, February 9th. Cowen restated a buy rating and issued a $96.00 target price on shares of GrubHub in a research note on Friday, February 9th. Credit Suisse Group boosted their target price on GrubHub from $65.00 to $80.00 and gave the company a hold rating in a research note on Friday, February 9th. Finally, Mizuho set a $98.00 target price on GrubHub and gave the company a buy rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $74.07.

Shares of GrubHub (NYSE:GRUB) opened at $95.93 on Wednesday. The stock has a market capitalization of $8,320.00, a price-to-earnings ratio of 85.65, a price-to-earnings-growth ratio of 3.53 and a beta of 1.54. GrubHub has a one year low of $32.43 and a one year high of $96.58.

GrubHub (NYSE:GRUB) last issued its earnings results on Thursday, February 8th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.07. The firm had revenue of $205.10 million for the quarter, compared to analyst estimates of $201.55 million. GrubHub had a return on equity of 8.47% and a net margin of 14.49%. The business’s revenue was up 49.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. equities analysts forecast that GrubHub will post 1.15 EPS for the current fiscal year.

In related news, CEO Matthew M. Maloney sold 37,283 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $64.58, for a total transaction of $2,407,736.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian P. Mcandrews sold 16,300 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $88.27, for a total value of $1,438,801.00. Following the transaction, the director now owns 1,250 shares of the company’s stock, valued at $110,337.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 360,886 shares of company stock valued at $26,184,725. 2.37% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of GRUB. Ameriprise Financial Inc. grew its position in GrubHub by 172.2% during the second quarter. Ameriprise Financial Inc. now owns 41,914 shares of the information services provider’s stock worth $1,828,000 after buying an additional 26,515 shares in the last quarter. PNC Financial Services Group Inc. grew 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 worth $108,000 after buying an additional 148 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in GrubHub by 12.7% during the second quarter. Parametric Portfolio Associates LLC now owns 132,825 shares of the information services provider’s stock worth $5,791,000 after buying an additional 14,958 shares in the last quarter. Dimensional Fund Advisors LP grew its position in GrubHub by 9.8% during the second quarter. Dimensional Fund Advisors LP now owns 782,706 shares of the information services provider’s stock worth $34,125,000 after buying an additional 69,849 shares in the last quarter. Finally, Voya Investment Management LLC grew its position in GrubHub by 20.0% during the second quarter. Voya Investment Management LLC now owns 40,133 shares of the information services provider’s stock worth $1,750,000 after buying an additional 6,678 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.

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