GrubHub Inc (GRUB) Lowered to Hold at Stifel Nicolaus
GrubHub Inc (NASDAQ:GRUB) was downgraded by investment analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued on Tuesday. They presently have a $45.00 target price on the stock. Stifel Nicolaus’ target price suggests a potential upside of 10.95% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. JMP Securities increased their price objective on GrubHub from $35.00 to $45.00 and gave the company a “market outperform” rating in a research report on Friday, July 29th. Zacks Investment Research downgraded GrubHub from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Mizuho reiterated a “buy” rating and set a $33.00 price objective on shares of GrubHub in a research report on Wednesday, July 27th. Barclays PLC increased their price objective on GrubHub from $28.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, July 29th. Finally, Wedbush reiterated an “outperform” rating and set a $47.00 price objective (up previously from $40.00) on shares of GrubHub in a research report on Thursday, July 28th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $39.71.
GrubHub (NASDAQ:GRUB) traded up 0.62% during midday trading on Tuesday, reaching $40.56. The company’s stock had a trading volume of 1,552,180 shares. The firm has a market capitalization of $3.46 billion and a price-to-earnings ratio of 84.50. The stock’s 50-day moving average price is $41.10 and its 200-day moving average price is $31.81. GrubHub has a 12 month low of $17.77 and a 12 month high of $44.58.
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GrubHub (NASDAQ:GRUB) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $120.20 million for the quarter, compared to analyst estimates of $114.13 million. During the same quarter last year, the company posted $0.17 EPS. GrubHub’s revenue was up 36.6% on a year-over-year basis. Analysts predict that GrubHub will post $0.84 EPS for the current year.
In other news, Director Benjamin C. Spero sold 1,968,007 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $38.84, for a total value of $76,437,391.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew M. Maloney sold 14,491 shares of the company’s stock in a transaction on Monday, September 26th. The stock was sold at an average price of $41.87, for a total transaction of $606,738.17. Following the completion of the transaction, the chief executive officer now directly owns 1,649 shares in the company, valued at $69,043.63. The disclosure for this sale can be found here.
Several institutional investors have recently bought and sold shares of GRUB. First Mercantile Trust Co. increased its position in GrubHub by 259.9% in the third quarter. First Mercantile Trust Co. now owns 7,990 shares of the company’s stock valued at $344,000 after buying an additional 5,770 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its position in GrubHub by 5.8% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 146,223 shares of the company’s stock valued at $6,286,000 after buying an additional 8,072 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in GrubHub by 6.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 282,807 shares of the company’s stock valued at $8,787,000 after buying an additional 16,010 shares during the last quarter. Amalgamated Bank acquired a new position in GrubHub during the second quarter valued at approximately $329,000. Finally, Legal & General Group Plc increased its position in GrubHub by 1.6% in the second quarter. Legal & General Group Plc now owns 17,845 shares of the company’s stock valued at $558,000 after buying an additional 284 shares during the last quarter.
Grubhub Inc (Grubhub) is a provider of an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices.
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