GrubHub Inc (NASDAQ:GRUB)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity in a research report issued to clients and investors on Friday. They presently have a $50.00 price objective on the information services provider’s stock, up from their previous price objective of $47.00. Canaccord Genuity’s target price indicates a potential downside of 10.86% from the stock’s current price.

Several other brokerages have also commented on GRUB. Wells Fargo & Company restated a “hold” rating on shares of GrubHub in a research note on Friday, August 4th. Wedbush set a $55.00 target price on GrubHub and gave the company a “buy” rating in a research note on Friday, August 4th. Credit Suisse Group set a $50.00 target price on GrubHub and gave the company a “buy” rating in a research note on Friday, August 4th. Morgan Stanley lowered GrubHub from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $47.00 to $43.00 in a research note on Monday, June 26th. Finally, Stifel Nicolaus set a $53.00 target price on GrubHub and gave the company a “buy” rating in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $48.87.

GrubHub (GRUB) traded down 0.80% on Friday, reaching $55.64. 1,539,939 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $45.47 and a 200 day moving average price of $40.47. The firm has a market cap of $4.80 billion and a PE ratio of 84.30. GrubHub has a one year low of $32.43 and a one year high of $55.81.

GrubHub (NASDAQ:GRUB) last announced its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The company had revenue of $158.79 million during the quarter, compared to analyst estimates of $158.13 million. GrubHub had a return on equity of 7.21% and a net margin of 11.35%. On average, equities analysts anticipate that GrubHub will post $1.10 earnings per share for the current year.

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In other GrubHub news, CEO Matthew M. Maloney sold 52,656 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $48.02, for a total transaction of $2,528,541.12. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Adam Dewitt sold 12,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $50.00, for a total value of $600,000.00. Following the transaction, the chief financial officer now directly owns 33,854 shares in the company, valued at approximately $1,692,700. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 189,026 shares of company stock worth $8,875,634.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRUB. Alps Advisors Inc. increased its position in GrubHub by 0.3% in the second quarter. Alps Advisors Inc. now owns 14,125 shares of the information services provider’s stock worth $616,000 after buying an additional 36 shares in the last quarter. Renaissance Group LLC increased its position in GrubHub by 0.5% in the first quarter. Renaissance Group LLC now owns 8,776 shares of the information services provider’s stock worth $289,000 after buying an additional 42 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in GrubHub by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock worth $120,000 after buying an additional 285 shares in the last quarter. Global Endowment Management LP increased its position in GrubHub by 9.4% in the first quarter. Global Endowment Management LP now owns 6,520 shares of the information services provider’s stock worth $215,000 after buying an additional 560 shares in the last quarter. Finally, Swiss National Bank increased its position in GrubHub by 1.0% in the first quarter. Swiss National Bank now owns 113,200 shares of the information services provider’s stock worth $3,723,000 after buying an additional 1,100 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.

Analyst Recommendations for GrubHub (NASDAQ:GRUB)

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