Stephens Initiates Coverage on Grubhub (GRUB)

Investment analysts at Stephens initiated coverage on shares of Grubhub (NYSE:GRUB) in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage set an “overweight” rating and a $120.00 price target on the information services provider’s stock. Stephens’ price target indicates a potential upside of 15.70% from the company’s current price.

Several other equities analysts have also weighed in on GRUB. Canaccord Genuity restated a “buy” rating and set a $80.00 target price on shares of Grubhub in a report on Tuesday, January 2nd. Credit Suisse Group set a $65.00 target price on Grubhub and gave the company a “hold” rating in a report on Thursday, January 4th. They noted that the move was a valuation call. Oppenheimer raised their target price on Grubhub to $80.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Wedbush lowered Grubhub from an “outperform” rating to a “neutral” rating and raised their target price for the company from $65.00 to $70.00 in a report on Monday, January 8th. They noted that the move was a valuation call. Finally, Wells Fargo restated a “market perform” rating and set a $68.00 target price (up from $58.00) on shares of Grubhub in a report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $81.02.

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NYSE GRUB opened at $103.72 on Monday. Grubhub has a fifty-two week low of $33.76 and a fifty-two week high of $112.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market cap of $8,537.19, a price-to-earnings ratio of 105.84, a P/E/G ratio of 3.65 and a beta of 0.98.

Grubhub (NYSE:GRUB) last posted its earnings results 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. Grubhub had a return on equity of 8.29% and a net margin of 14.49%. The company had revenue of $205.10 million for the quarter, compared to analyst estimates of $201.55 million. During the same period last year, the company earned $0.23 earnings per share. The business’s revenue was up 49.2% compared to the same quarter last year. analysts anticipate that Grubhub will post 1.16 earnings per share for the current fiscal year.

In related news, COO Stanley Chia sold 3,528 shares of the business’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $99.64, for a total transaction of $351,529.92. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Margo Drucker sold 1,759 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $70.70, for a total value of $124,361.30. Following the transaction, the senior vice president now owns 892 shares in the company, valued at $63,064.40. The disclosure for this sale can be found here. Insiders sold 194,109 shares of company stock worth $16,118,685 over the last quarter. 2.37% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Amalgamated Bank increased its stake in Grubhub by 6.9% during the fourth quarter. Amalgamated Bank now owns 11,701 shares of the information services provider’s stock valued at $840,000 after acquiring an additional 759 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake 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 acquiring an additional 885 shares during the period. Advisor Group Inc. increased its stake in Grubhub by 20.5% during the fourth quarter. Advisor Group Inc. now owns 5,385 shares of the information services provider’s stock valued at $386,000 after acquiring an additional 917 shares during the period. First Mercantile Trust Co. increased its stake in Grubhub by 12.3% during the fourth quarter. First Mercantile Trust Co. now owns 8,601 shares of the information services provider’s stock valued at $617,000 after acquiring an additional 942 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Grubhub by 41.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,268 shares of the information services provider’s stock valued at $306,000 after acquiring an additional 1,250 shares during the period.

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Grubhub Company Profile

GrubHub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.

Analyst Recommendations for Grubhub (NYSE:GRUB)

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