Maxim Group Reaffirms “Hold” Rating for GrubHub Inc (GRUB)
GrubHub Inc (NASDAQ:GRUB)‘s stock had its “hold” rating reiterated by equities research analysts at Maxim Group in a note issued to investors on Thursday.
The analysts wrote, “The company is expected to report 1Q17 earnings pre-market on Thursday, April 27, and host a call with investors at 10am ET.””
GRUB has been the topic of a number of other research reports. Morgan Stanley upgraded GrubHub from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $36.00 to $44.00 in a report on Friday, January 13th. Craig Hallum set a $44.00 price target on GrubHub and gave the company a “hold” rating in a report on Monday, March 20th. Wedbush reiterated an “outperform” rating and set a $47.00 price target on shares of GrubHub in a report on Friday, December 23rd. Pacific Crest reiterated an “overweight” rating and set a $45.00 price target on shares of GrubHub in a report on Wednesday, March 22nd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $48.00 price target on shares of GrubHub in a report on Wednesday, December 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. GrubHub presently has an average rating of “Buy” and a consensus target price of $42.04.
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Shares of GrubHub (NASDAQ:GRUB) opened at 34.67 on Thursday. GrubHub has a 12-month low of $21.41 and a 12-month high of $44.58. The firm has a 50-day moving average price of $34.02 and a 200 day moving average price of $37.41. The firm has a market cap of $2.98 billion and a price-to-earnings ratio of 59.78.
GrubHub (NASDAQ:GRUB) last issued its quarterly earnings results on Wednesday, February 8th. The information services provider reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by $0.02. The firm earned $137.50 million during the quarter, compared to analyst estimates of $137.33 million. During the same quarter last year, the company earned $0.19 EPS. The company’s quarterly revenue was up 37.5% compared to the same quarter last year. On average, equities research analysts anticipate that GrubHub will post $1.07 earnings per share for the current fiscal year.
In other GrubHub news, CFO Adam Dewitt sold 5,812 shares of the business’s stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $38.07, for a total value of $221,262.84. Following the completion of the sale, the chief financial officer now owns 30,035 shares of the company’s stock, valued at $1,143,432.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Stanley Chia sold 12,903 shares of the business’s stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $38.07, for a total value of $491,217.21. The disclosure for this sale can be found here. Insiders sold 44,817 shares of company stock valued at $1,616,178 in the last ninety days.
Hedge funds have recently made changes to their positions in the company. Janus Capital Management bought a new stake in shares of GrubHub during the third quarter worth $29,337,000. Chevy Chase Trust Holdings acquired a new position in GrubHub during the fourth quarter valued at $2,234,000. Global Thematic Partners LLC boosted its position in GrubHub by 2.8% in the fourth quarter. Global Thematic Partners LLC now owns 2,185,473 shares of the information services provider’s stock valued at $52,889,000 after buying an additional 59,567 shares in the last quarter. Russell Frank Co boosted its position in GrubHub by 129.8% in the fourth quarter. Russell Frank Co now owns 714,284 shares of the information services provider’s stock valued at $17,444,000 after buying an additional 403,391 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in GrubHub by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 139,313 shares of the information services provider’s stock valued at $3,371,000 after buying an additional 2,194 shares in the last quarter.
GrubHub Company Profile
Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.
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