GrubHub Inc. (GRUB) Receives Neutral Rating from Roth Capital
GrubHub Inc. (NYSE:GRUB)‘s stock had its “neutral” rating reissued by analysts at Roth Capital in a report released on Monday.
Other analysts have also issued reports about the company. Bank of America Corp. raised GrubHub from a “neutral” rating to a “buy” rating in a report on Thursday. Maxim Group lowered GrubHub from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Jefferies Group began coverage on GrubHub in a report on Tuesday, August 16th. They issued a “hold” rating on the stock. Vetr raised GrubHub from a “hold” rating to a “buy” rating and set a $30.64 price objective on the stock in a report on Monday, June 27th. Finally, Stifel Nicolaus raised their price objective on GrubHub from $32.00 to $45.00 and gave the company a “buy” rating in a report on Friday, July 29th. Fourteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.68.
GrubHub (NYSE:GRUB) traded up 0.61% during trading on Monday, hitting $41.43. The stock had a trading volume of 1,334,373 shares. GrubHub has a 12 month low of $17.77 and a 12 month high of $44.58. The company has a market cap of $3.53 billion, a PE ratio of 86.31 and a beta of 1.87. The company’s 50 day moving average is $41.38 and its 200-day moving average is $32.25.
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Several large investors have recently added to or reduced their stakes in GRUB. Logan Capital Management Inc. raised its stake in GrubHub by 42.4% in the first quarter. Logan Capital Management Inc. now owns 16,111 shares of the company’s stock valued at $405,000 after buying an additional 4,800 shares during the last quarter. Bridger Management LLC acquired a new stake in GrubHub during the first quarter valued at about $41,602,000. Barclays PLC raised its stake in GrubHub by 3.2% in the first quarter. Barclays PLC now owns 87,800 shares of the company’s stock valued at $2,196,000 after buying an additional 2,752 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in GrubHub during the first quarter valued at about $342,000. Finally, Geode Capital Management LLC raised its stake in GrubHub by 3.6% in the first quarter. Geode Capital Management LLC now owns 511,586 shares of the company’s stock valued at $12,856,000 after buying an additional 17,942 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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