Just Eat Takeaway.com (NYSE:GRUB) Rating Lowered to Hold at Zacks Investment Research

Just Eat Takeaway.com (NYSE:GRUB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports.

According to Zacks, “Just Eat Takeaway.com provides an online food delivery marketplace. It is focused on connecting consumers and restaurants through its platforms. The company operates principally in the United States, United Kingdom, Germany, the Netherlands, Canada, Australia, Austria, Belgium, Bulgaria, Denmark, France, Ireland, Israel, Italy, Luxembourg, New Zealand, Norway, Poland, Portugal, Romania, Spain and Switzerland. Just Eat Takeaway.com is headquartered in Amsterdam. “

A number of other research firms have also recently issued reports on GRUB. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Just Eat Takeaway.com in a research note on Tuesday, October 19th. Credit Suisse Group restated an “outperform” rating on shares of Just Eat Takeaway.com in a research note on Thursday, October 28th. The Goldman Sachs Group began coverage on shares of Just Eat Takeaway.com in a research note on Tuesday, August 3rd. They set a “buy” rating for the company. Exane BNP Paribas cut shares of Just Eat Takeaway.com from a “neutral” rating to an “underperform” rating in a research note on Wednesday, September 22nd. Finally, Barclays restated an “overweight” rating on shares of Just Eat Takeaway.com in a research note on Friday, October 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Just Eat Takeaway.com currently has an average rating of “Buy” and a consensus price target of $58.80.

GRUB stock traded up $0.40 during trading hours on Thursday, reaching $13.88. The stock had a trading volume of 2,034,659 shares, compared to its average volume of 3,047,427. The stock has a 50-day simple moving average of $14.89 and a 200 day simple moving average of $24.18. Just Eat Takeaway.com has a fifty-two week low of $13.32 and a fifty-two week high of $19.84.

Several institutional investors have recently made changes to their positions in GRUB. Goldman Sachs Group Inc. grew its holdings in shares of Just Eat Takeaway.com by 213.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 11,147,191 shares of the information services provider’s stock valued at $203,547,000 after purchasing an additional 7,587,843 shares during the last quarter. Clearbridge Investments LLC bought a new stake in shares of Just Eat Takeaway.com during the 2nd quarter valued at approximately $67,747,000. Tudor Investment Corp Et Al grew its holdings in shares of Just Eat Takeaway.com by 274.7% during the 2nd quarter. Tudor Investment Corp Et Al now owns 4,527,352 shares of the information services provider’s stock valued at $82,669,000 after purchasing an additional 3,319,085 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in Just Eat Takeaway.com by 155.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 5,032,305 shares of the information services provider’s stock worth $91,890,000 after acquiring an additional 3,060,727 shares during the last quarter. Finally, Magnetar Financial LLC grew its holdings in Just Eat Takeaway.com by 194.6% during the 2nd quarter. Magnetar Financial LLC now owns 3,009,492 shares of the information services provider’s stock worth $54,953,000 after acquiring an additional 1,987,865 shares during the last quarter.

Just Eat Takeaway.com Company Profile

Just Eat Takeaway.com N.V. operates an online food delivery marketplace. The company focuses on connecting consumers and restaurants through its platforms. It serves in the United Kingdom, Germany, Canada, the Netherlands, Australia, Austria, Belgium, Bulgaria, Denmark, France, Ireland, Israel, Italy, Luxembourg, New Zealand, Norway, Poland, Portugal, Romania, Spain, and Switzerland, as well as through partnerships in Colombia and Brazil.

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Analyst Recommendations for Just Eat Takeaway.com (NYSE:GRUB)

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