GrubHub Inc. (GRUB) Stock Rating Upgraded by Bank of America Corp.
GrubHub Inc. (NYSE:GRUB) was upgraded by equities research analysts at Bank of America Corp. from a “neutral” rating to a “buy” rating in a report released on Thursday.
Several other equities analysts also recently weighed in on the stock. Argus assumed coverage on shares of GrubHub in a research note on Wednesday. They issued a “buy” rating on the stock. Stifel Nicolaus downgraded shares of GrubHub from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. Canaccord Genuity raised their price target on shares of GrubHub from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, September 27th. Vetr downgraded shares of GrubHub from a “strong-buy” rating to a “buy” rating and set a $41.00 price target on the stock. in a research note on Monday, August 22nd. Finally, Jefferies Group assumed coverage on shares of GrubHub in a research note on Tuesday, August 16th. They issued a “hold” rating on the stock. Thirteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. GrubHub has a consensus rating of “Hold” and an average target price of $33.68.
Shares of GrubHub (NYSE:GRUB) traded up 1.78% during mid-day trading on Thursday, reaching $41.07. 2,672,226 shares of the company’s stock traded hands. GrubHub has a 12-month low of $17.77 and a 12-month high of $44.58. The company has a market cap of $3.50 billion, a P/E ratio of 85.56 and a beta of 1.87. The company’s 50 day moving average is $41.30 and its 200 day moving average is $32.18.
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A number of hedge funds and other institutional investors have recently modified their holdings of GRUB. Bridger Management LLC purchased a new position in shares of GrubHub during the first quarter worth about $41,602,000. State Street Corp increased its position in shares of GrubHub by 3.1% in the first quarter. State Street Corp now owns 1,251,105 shares of the company’s stock worth $31,440,000 after buying an additional 37,963 shares in the last quarter. Geode Capital Management LLC increased its position in shares of GrubHub by 3.6% in the first quarter. Geode Capital Management LLC now owns 511,586 shares of the company’s stock worth $12,856,000 after buying an additional 17,942 shares in the last quarter. Bayesian Capital Management LP purchased a new position in shares of GrubHub during the first quarter worth about $342,000. Finally, Logan Capital Management Inc. increased its position in shares of GrubHub by 42.4% in the first quarter. Logan Capital Management Inc. now owns 16,111 shares of the company’s stock worth $405,000 after buying an additional 4,800 shares in the last quarter.
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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