GrubHub Inc (GRUB) Stock Rating Reaffirmed by Wedbush
GrubHub Inc (NASDAQ:GRUB)‘s stock had its “outperform” rating reiterated by Wedbush in a research note issued on Monday. They currently have a $47.00 price objective on the stock. Wedbush’s price target indicates a potential upside of 13.09% from the stock’s current price.
GRUB has been the topic of a number of other reports. Cowen and Company reiterated a “market perform” rating and set a $26.00 target price (up from $22.00) on shares of GrubHub in a research report on Wednesday, July 27th. Stifel Nicolaus downgraded GrubHub from a “buy” rating to a “hold” rating and set a $45.00 target price on the stock. in a research report on Tuesday, October 4th. Bank of America Corp. downgraded GrubHub from a “buy” rating to a “neutral” rating and set a $40.00 target price on the stock. in a research report on Friday, July 29th. They noted that the move was a valuation call. Zacks Investment Research cut GrubHub from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. Finally, JMP Securities boosted their price target on GrubHub from $35.00 to $45.00 and gave the stock a “market outperform” rating in a report on Friday, July 29th. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $41.13.
GrubHub (NASDAQ:GRUB) opened at 41.56 on Monday. The stock has a market capitalization of $3.54 billion and a PE ratio of 86.58. The company’s 50-day moving average price is $41.46 and its 200-day moving average price is $32.38. GrubHub has a one year low of $17.77 and a one year high of $44.58.
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GrubHub (NASDAQ:GRUB) last posted its earnings results on Thursday, July 28th. The company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. The firm had revenue of $120.20 million for the quarter, compared to analysts’ expectations of $114.13 million. The firm’s revenue for the quarter was up 36.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 earnings per share. Equities research analysts predict that GrubHub will post $0.84 EPS for the current year.
In other GrubHub news, SVP Margo Drucker sold 5,500 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $38.17, for a total transaction of $209,935.00. Following the completion of the sale, the senior vice president now directly owns 6,000 shares in the company, valued at $229,020. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Adam Dewitt sold 5,000 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $39.14, for a total value of $195,700.00. Following the sale, the chief financial officer now owns 5,500 shares of the company’s stock, valued at $215,270. The disclosure for this sale can be found here.
Large investors have recently made changes to their positions in the company. Societe Generale bought a new stake in shares of GrubHub during the second quarter valued at $113,000. Quantitative Investment Management LLC bought a new stake in shares of GrubHub during the second quarter valued at $3,051,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of GrubHub by 6.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,323 shares of the company’s stock valued at $134,000 after buying an additional 269 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of GrubHub by 6.2% in the second quarter. California State Teachers Retirement System now owns 169,614 shares of the company’s stock valued at $5,270,000 after buying an additional 9,865 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of GrubHub by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 320,356 shares of the company’s stock valued at $9,953,000 after buying an additional 13,879 shares during 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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