GrubHub Inc (GRUB) Research Coverage Started at Roth Capital
Investment analysts at Roth Capital initiated 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 points to a potential upside of 7.74% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus restated a “buy” rating and issued a $45.00 price target (up previously from $32.00) on shares of GrubHub in a research report on Friday, July 29th. Mizuho reaffirmed a “buy” rating and set a $33.00 price objective on shares of GrubHub in a research note on Wednesday, July 27th. Zacks Investment Research raised shares of GrubHub from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Wednesday, July 13th. Citigroup Inc. reaffirmed a “buy” rating on shares of GrubHub in a research note on Wednesday, June 29th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $42.00 price objective (up from $34.00) on shares of GrubHub in a research note on Sunday, July 31st. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $40.00.
Shares of GrubHub (NASDAQ:GRUB) traded up 0.69% on Monday, hitting $40.84. 1,453,181 shares of the company traded hands. The firm’s 50-day moving average is $41.10 and its 200 day moving average is $31.81. GrubHub has a 1-year low of $17.77 and a 1-year high of $44.58. The firm has a market capitalization of $3.48 billion and a P/E ratio of 85.08.
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GrubHub (NASDAQ:GRUB) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The business earned $120.20 million during the quarter, compared to the consensus estimate of $114.13 million. During the same quarter in the prior year, the firm posted $0.17 EPS. The company’s revenue for the quarter was up 36.6% on a year-over-year basis. On average, analysts anticipate that GrubHub will post $0.84 earnings per share for the current fiscal year.
In related news, SVP Stanley Chia sold 5,838 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $38.81, for a total value of $226,572.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Adam Dewitt sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $31.04, for a total transaction of $155,200.00. Following the completion of the sale, the chief financial officer now directly owns 3,970 shares of the company’s stock, valued at $123,228.80. The disclosure for this sale can be found here.
A number of hedge funds have recently added to or reduced their stakes in the company. First Mercantile Trust Co. raised 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 period. Chevy Chase Trust Holdings Inc. raised 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 period. Schwab Charles Investment Management Inc. raised 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 period. Amalgamated Bank acquired a new stake in GrubHub during the second quarter worth $329,000. Finally, Legal & General Group Plc raised 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 period.
GrubHub Company Profile
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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