GrubHub Inc (GRUB) Research Coverage Started at Roth Capital
Equities researchers at Roth Capital started coverage on shares of GrubHub Inc (NASDAQ:GRUB) in a research note issued to investors on Monday. The brokerage set a “neutral” rating and a $44.00 price target on the stock. Roth Capital’s target price suggests a potential upside of 7.74% from the company’s previous close.
Several other research analysts have also commented on GRUB. Stifel Nicolaus restated a “buy” rating and issued a $45.00 price target (up previously from $32.00) on shares of GrubHub in a report on Friday, July 29th. Morgan Stanley restated an “equal weight” rating and issued a $26.00 price target (down previously from $30.00) on shares of GrubHub in a report on Tuesday, June 14th. Zacks Investment Research upgraded shares of GrubHub from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Wednesday, July 13th. Wedbush restated an “outperform” rating and issued a $47.00 price target (up previously from $40.00) on shares of GrubHub in a report on Thursday, July 28th. Finally, Cowen and Company restated a “market perform” rating and issued a $26.00 price target (up previously from $22.00) on shares of GrubHub in a report on Wednesday, July 27th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. GrubHub has a consensus rating of “Hold” and an average price target of $40.00.
Shares of GrubHub (NASDAQ:GRUB) traded up 0.69% during mid-day trading on Monday, hitting $40.84. 1,453,181 shares of the stock traded hands. The stock has a market cap of $3.48 billion and a PE ratio of 85.08. The stock has a 50-day moving average of $41.10 and a 200 day moving average of $31.81. GrubHub has a one year low of $17.77 and a one year high of $44.58.
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GrubHub (NASDAQ:GRUB) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The business earned $120.20 million during the quarter, compared to analysts’ expectations of $114.13 million. During the same quarter in the previous year, the business posted $0.17 EPS. The company’s quarterly revenue was up 36.6% on a year-over-year basis. Equities analysts predict that GrubHub will post $0.84 EPS for the current fiscal year.
In other GrubHub news, CFO Adam Dewitt sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $31.04, for a total value of $155,200.00. Following the completion of the sale, the chief financial officer now owns 3,970 shares of the company’s stock, valued at $123,228.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew M. Maloney sold 700 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $40.00, for a total transaction of $28,000.00. The disclosure for this sale can be found here.
Hedge funds have recently modified their holdings of the stock. First Mercantile Trust Co. increased its stake in GrubHub by 259.9% in the third quarter. First Mercantile Trust Co. now owns 7,990 shares of the company’s stock worth $344,000 after buying an additional 5,770 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in GrubHub by 5.8% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 146,223 shares of the company’s stock worth $6,286,000 after buying an additional 8,072 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in GrubHub by 6.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 282,807 shares of the company’s stock worth $8,787,000 after buying an additional 16,010 shares during the last quarter. Amalgamated Bank bought a new stake in GrubHub during the second quarter worth $329,000. Finally, Legal & General Group Plc increased its stake in GrubHub by 1.6% in the second quarter. Legal & General Group Plc now owns 17,845 shares of the company’s stock worth $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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