GrubHub Inc (GRUB) Research Coverage Started at Argus
Analysts at Argus started coverage on shares of GrubHub Inc (NASDAQ:GRUB) in a research note issued to investors on Wednesday. The firm set a “buy” rating on the stock.
Several other brokerages have also recently weighed in on GRUB. Zacks Investment Research cut shares of GrubHub from a “hold” rating to a “sell” rating in a research report on Friday, July 29th. Pacific Crest restated a “sector perform” rating on shares of GrubHub in a research report on Tuesday, August 2nd. Roth Capital started coverage on shares of GrubHub in a research report on Monday. They issued a “neutral” rating and a $44.00 price target on the stock. Mizuho restated a “buy” rating and issued a $33.00 price target on shares of GrubHub in a research report on Wednesday, July 27th. Finally, Citigroup Inc. boosted their price target on shares of GrubHub from $30.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Eleven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. GrubHub presently has a consensus rating of “Hold” and an average target price of $40.00.
GrubHub (NASDAQ:GRUB) opened at 39.66 on Wednesday. GrubHub has a 1-year low of $17.77 and a 1-year high of $44.58. The firm has a 50-day moving average of $41.24 and a 200-day moving average of $32.12. The stock has a market capitalization of $3.38 billion and a PE ratio of 82.62.
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GrubHub (NASDAQ:GRUB) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The company had revenue of $120.20 million for the quarter, compared to the consensus estimate of $114.13 million. The company’s quarterly revenue was up 36.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 EPS. Equities analysts expect that GrubHub will post $0.84 EPS for the current fiscal year.
In related news, SVP Margo Drucker sold 5,271 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $29.88, for a total value of $157,497.48. Following the completion of the sale, the senior vice president now directly owns 5,771 shares of the company’s stock, valued at $172,437.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Stanley Chia sold 5,838 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $38.81, for a total transaction of $226,572.78. The disclosure for this sale can be found here.
A number of hedge funds have recently added to or reduced their stakes in GRUB. JPMorgan Chase & Co. raised its stake in GrubHub by 8.0% in the second quarter. JPMorgan Chase & Co. now owns 2,288,586 shares of the company’s stock worth $71,106,000 after buying an additional 169,633 shares during the period. Bank of New York Mellon Corp raised its stake in GrubHub by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 320,356 shares of the company’s stock worth $9,953,000 after buying an additional 13,879 shares during the period. Emerald Acquisition Ltd. acquired a new stake in GrubHub during the second quarter worth $21,899,000. DIAM Co. Ltd. raised its stake in GrubHub by 12.9% in the second quarter. DIAM Co. Ltd. now owns 43,976 shares of the company’s stock worth $1,342,000 after buying an additional 5,020 shares during the period. Finally, TIAA CREF Investment Management LLC raised its stake in GrubHub by 16.2% in the first quarter. TIAA CREF Investment Management LLC now owns 1,558,304 shares of the company’s stock worth $39,160,000 after buying an additional 217,357 shares during the period.
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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