GrubHub Inc. (GRUB) Given Consensus Rating of “Hold” by Brokerages
Shares of GrubHub Inc. (NYSE:GRUB) have earned an average rating of “Hold” from the twenty-seven ratings firms that are currently covering the firm. Fourteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $34.15.
Several equities analysts recently commented on GRUB shares. Mizuho boosted their price target on GrubHub from $33.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Stifel Nicolaus boosted their price target on GrubHub from $32.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Canaccord Genuity boosted their price target on GrubHub from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Vetr raised GrubHub from a “hold” rating to a “buy” rating and set a $35.33 price target on the stock in a research report on Monday, July 11th. Finally, Argus started coverage on GrubHub in a research report on Wednesday, October 12th. They set a “buy” rating on the stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in GRUB. Bridger Management LLC acquired a new position in shares of GrubHub during the first quarter worth about $41,602,000. State Street Corp raised 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 during the period. Geode Capital Management LLC raised 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 during the period. Bayesian Capital Management LP acquired a new position in shares of GrubHub during the first quarter worth about $342,000. Finally, Logan Capital Management Inc. raised 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 during the period.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/17/grubhub-inc-grub-given-consensus-rating-of-hold-by-brokerages.html
GrubHub (NYSE:GRUB) traded up 0.38% during midday trading on Monday, hitting $41.72. The stock had a trading volume of 1,311,395 shares. The company has a 50-day moving average price of $41.46 and a 200-day moving average price of $32.38. GrubHub has a 12-month low of $17.77 and a 12-month high of $44.58. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 86.92 and a beta of 1.87.
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.
Receive News & Ratings for GrubHub Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub Inc. and related companies with MarketBeat.com's FREE daily email newsletter.