Grubhub (GRUB) Rating Reiterated by Roth Capital

Grubhub (NYSE:GRUB)‘s stock had its “neutral” rating reaffirmed by analysts at Roth Capital in a research report issued to clients and investors on Wednesday.

A number of other analysts also recently commented on the company. DA Davidson boosted their target price on Grubhub to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday. Gabelli assumed coverage on Grubhub in a report on Monday. They issued a “hold” rating for the company. Morgan Stanley cut Grubhub from an “overweight” rating to an “equal weight” rating and set a $100.00 price target for the company. in a report on Wednesday, April 18th. Stephens assumed coverage on Grubhub in a report on Monday, April 16th. They issued an “overweight” rating and a $120.00 price target for the company. Finally, Citigroup boosted their price target on Grubhub to $110.00 and gave the stock a “neutral” rating in a report on Thursday, April 12th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $82.42.

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GRUB opened at $98.03 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.15. The firm has a market cap of $8,908.64, a price-to-earnings ratio of 100.03, a PEG ratio of 3.81 and a beta of 0.98. Grubhub has a one year low of $34.64 and a one year high of $112.41.

Grubhub (NYSE:GRUB) last posted its earnings results on Thursday, February 8th. The information services provider reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.07. The company 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 8.29% and a net margin of 14.49%. Grubhub’s quarterly revenue was up 49.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. equities analysts anticipate that Grubhub will post 1.16 earnings per share for the current year.

In other Grubhub news, SVP Margo Drucker sold 994 shares of the company’s stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $108.82, for a total transaction of $108,167.08. Following the completion of the sale, the senior vice president now directly owns 1,094 shares in the company, valued at $119,049.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Adam Dewitt sold 22,359 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $69.20, for a total value of $1,547,242.80. Following the sale, the chief financial officer now owns 17,436 shares of the company’s stock, valued at $1,206,571.20. The disclosure for this sale can be found here. Insiders sold 200,479 shares of company stock valued at $16,760,693 over the last quarter. Insiders own 1.59% of the company’s stock.

Large investors have recently made changes to their positions in the business. Profund Advisors LLC increased its stake in Grubhub by 1,053.1% during the fourth quarter. Profund Advisors LLC now owns 45,523 shares of the information services provider’s stock worth $3,269,000 after acquiring an additional 41,575 shares during the last quarter. Macquarie Group Ltd. increased its stake in Grubhub by 10.3% during the fourth quarter. Macquarie Group Ltd. now owns 1,014,954 shares of the information services provider’s stock worth $72,874,000 after acquiring an additional 94,823 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in Grubhub during the fourth quarter worth about $2,663,000. 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 worth $840,000 after acquiring an additional 759 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Grubhub by 2.6% during the fourth quarter. BlackRock Inc. now owns 5,477,332 shares of the information services provider’s stock worth $393,274,000 after acquiring an additional 140,964 shares during the last quarter.

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About Grubhub

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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