GrubHub (NYSE:GRUB)‘s stock had its “overweight” rating reaffirmed by investment analysts at KeyCorp in a note issued to investors on Thursday, Marketbeat reports.
Several other equities analysts have also recently weighed in on GRUB. Stifel Nicolaus raised their price objective on GrubHub from $53.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded GrubHub from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Wells Fargo & Co restated a “hold” rating and issued a $58.00 price objective on shares of GrubHub in a report on Thursday, October 26th. Monness Crespi & Hardt raised their price objective on GrubHub from $35.00 to $42.00 and gave the company a “sell” rating in a report on Thursday, October 26th. Finally, Wedbush restated an “outperform” rating and issued a $65.00 price objective (up previously from $60.00) on shares of GrubHub in a report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $74.07.
GrubHub (NYSE:GRUB) traded down $1.37 on Thursday, hitting $96.90. The company’s stock had a trading volume of 716,059 shares, compared to its average volume of 2,018,289. The firm has a market cap of $8,410.00, a P/E ratio of 131.09, a price-to-earnings-growth ratio of 3.65 and a beta of 1.54. GrubHub has a 1 year low of $32.43 and a 1 year high of $99.81.
GrubHub (NYSE:GRUB) last announced its quarterly earnings data on Thursday, February 8th. The information services provider reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.07. The company had revenue of $205.10 million during the quarter, compared to analysts’ expectations of $201.55 million. GrubHub had a return on equity of 8.47% and a net margin of 14.49%. GrubHub’s revenue for the quarter was up 49.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 EPS. equities analysts forecast that GrubHub will post 1.15 earnings per share for the current fiscal year.
In other GrubHub news, CMO Barbara Martin Coppola sold 1,458 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $67.46, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Stanley Chia sold 645 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $66.54, for a total transaction of $42,918.30. Following the sale, the chief operating officer now owns 1,215 shares of the company’s stock, valued at $80,846.10. The disclosure for this sale can be found here. Insiders have sold 347,165 shares of company stock valued at $26,178,975 over the last 90 days. Company insiders own 2.37% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Westpac Banking Corp raised its position in shares of GrubHub by 105.7% in the third quarter. Westpac Banking Corp now owns 21,600 shares of the information services provider’s stock valued at $1,137,000 after buying an additional 11,100 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of GrubHub in the third quarter valued at approximately $1,083,000. Schwab Charles Investment Management Inc. raised its position in shares of GrubHub by 37.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 526,343 shares of the information services provider’s stock valued at $27,718,000 after buying an additional 143,583 shares in the last quarter. Axiom International Investors LLC DE acquired a new stake in shares of GrubHub in the third quarter valued at approximately $3,795,000. Finally, Penserra Capital Management LLC raised its position in shares of GrubHub by 151.2% in the fourth quarter. Penserra Capital Management LLC now owns 198,647 shares of the information services provider’s stock valued at $14,262,000 after buying an additional 119,555 shares in the last quarter.
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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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