GrubHub Inc (GRUB) PT Set at $50.00 by Wedbush
GrubHub Inc (NASDAQ:GRUB) has been given a $50.00 target price by equities research analysts at Wedbush in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the information services provider’s stock. Wedbush’s price objective points to a potential upside of 15.42% from the stock’s previous close.
A number of other equities analysts have also recently commented on GRUB. Cowen and Company reiterated a “hold” rating on shares of GrubHub in a report on Sunday, April 30th. Wells Fargo & Company began coverage on GrubHub in a report on Thursday. They issued a “market perform” rating and a $45.00 target price for the company. Canaccord Genuity reiterated a “buy” rating and issued a $47.00 target price on shares of GrubHub in a report on Thursday, May 25th. Roth Capital reiterated a “buy” rating on shares of GrubHub in a report on Monday, May 22nd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $43.00 target price on shares of GrubHub in a report on Monday, March 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $44.21.
Shares of GrubHub (NASDAQ:GRUB) traded up 4.92% during mid-day trading on Monday, reaching $45.45. The company’s stock had a trading volume of 2,437,909 shares. The company has a 50-day moving average price of $43.93 and a 200 day moving average price of $38.50. The company has a market cap of $3.92 billion and a PE ratio of 68.86. GrubHub has a 52-week low of $28.36 and a 52-week high of $46.83.
GrubHub (NASDAQ:GRUB) last announced its earnings results on Thursday, April 27th. The information services provider reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.10. The firm had revenue of $156.10 million during the quarter, compared to analysts’ expectations of $152.97 million. GrubHub had a return on equity of 7.21% and a net margin of 11.35%. The company’s quarterly revenue was up 39.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 EPS. Equities analysts expect that GrubHub will post $1.13 earnings per share for the current year.
In other GrubHub news, SVP Margo Drucker sold 1,054 shares of GrubHub stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $33.02, for a total transaction of $34,803.08. Following the completion of the sale, the senior vice president now directly owns 1,291 shares of the company’s stock, valued at approximately $42,628.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew M. Maloney sold 6,250 shares of GrubHub stock in a transaction on Monday, March 27th. The shares were sold at an average price of $33.10, for a total value of $206,875.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 245,553 shares of company stock valued at $10,546,643.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GRUB. Clearbridge Investments LLC raised its position in GrubHub by 132.0% in the first quarter. Clearbridge Investments LLC now owns 2,596,093 shares of the information services provider’s stock valued at $85,385,000 after buying an additional 1,477,241 shares during the last quarter. Selkirk Management LLC bought a new position in GrubHub during the first quarter valued at approximately $2,631,000. Tudor Investment Corp ET AL bought a new position in GrubHub during the first quarter valued at approximately $949,000. Caledonia Private Investments Pty Ltd raised its position in GrubHub by 14.0% in the first quarter. Caledonia Private Investments Pty Ltd now owns 9,582,509 shares of the information services provider’s stock valued at $315,169,000 after buying an additional 1,174,124 shares during the last quarter. Finally, Gotham Asset Management LLC bought a new position in GrubHub during the first quarter valued at approximately $768,000.
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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