GrubHub Inc (NASDAQ:GRUB) received a $55.00 target price from Wedbush in a report issued on Friday. The firm presently has a “buy” rating on the information services provider’s stock. Wedbush’s price objective would suggest a potential upside of 4.52% from the company’s previous close.

Several other equities analysts have also issued reports on the stock. Vetr upgraded shares of GrubHub from a “sell” rating to a “strong-buy” rating and set a $62.06 target price on the stock in a report on Monday, July 17th. CIBC boosted their target price on shares of GrubHub from $42.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Zacks Investment Research upgraded shares of GrubHub from a “sell” rating to a “hold” rating and set a $39.00 target price on the stock in a report on Tuesday, April 11th. Roth Capital boosted their target price on shares of GrubHub from $47.00 to $55.00 and gave the company a “buy” rating in a report on Monday, July 17th. Finally, Maxim Group restated a “hold” rating on shares of GrubHub in a report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $48.14.

GrubHub (GRUB) traded up 9.06% during mid-day trading on Friday, hitting $52.62. 7,443,127 shares of the company were exchanged. GrubHub has a 12-month low of $32.43 and a 12-month high of $53.36. The company’s 50-day moving average is $44.99 and its 200 day moving average is $40.28. The company has a market capitalization of $4.54 billion and a P/E ratio of 79.73. GrubHub also was the target of some unusual options trading activity on Thursday. Stock traders purchased 10,474 call options on the stock. This represents an increase of approximately 660% compared to the average volume of 1,378 call options.

GrubHub (NASDAQ:GRUB) last released its earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. The business had revenue of $158.79 million for the quarter, compared to analyst estimates of $158.13 million. GrubHub had a net margin of 11.35% and a return on equity of 7.21%. Analysts expect that GrubHub will post $1.12 EPS for the current year.

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In other news, CFO Adam Dewitt sold 6,722 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $46.81, for a total transaction of $314,656.82. Following the completion of the sale, the chief financial officer now directly owns 25,294 shares of the company’s stock, valued at $1,184,012.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Matthew M. Maloney sold 83,116 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $45.21, for a total transaction of $3,757,674.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 260,142 shares of company stock valued at $12,033,308.

Large investors have recently modified their holdings of the company. Caledonia Private Investments Pty Ltd increased its stake in shares of 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 worth $315,169,000 after buying an additional 1,174,124 shares during the last quarter. Baillie Gifford & Co. increased its stake in shares of GrubHub by 1.4% in the first quarter. Baillie Gifford & Co. now owns 8,242,999 shares of the information services provider’s stock worth $271,112,000 after buying an additional 112,260 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of GrubHub by 4.3% in the first quarter. Vanguard Group Inc. now owns 6,748,946 shares of the information services provider’s stock worth $221,973,000 after buying an additional 281,024 shares during the last quarter. BlackRock Inc. increased its stake in shares of GrubHub by 75,703.7% in the first quarter. BlackRock Inc. now owns 5,080,365 shares of the information services provider’s stock worth $167,094,000 after buying an additional 5,073,663 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of GrubHub by 14.3% in the first quarter. JPMorgan Chase & Co. now owns 3,095,577 shares of the information services provider’s stock worth $101,814,000 after buying an additional 387,276 shares during the last quarter.

About GrubHub

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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