GrubHub Inc (NASDAQ:GRUB) was upgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Monday, The Fly reports.

GRUB has been the topic of several other reports. Zacks Investment Research cut GrubHub from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Cowen and Company reaffirmed an “outperform” rating and issued a $54.00 price target on shares of GrubHub in a research note on Tuesday, July 25th. Wedbush reaffirmed an “outperform” rating and issued a $47.00 price target on shares of GrubHub in a research note on Wednesday, April 19th. Roth Capital set a $55.00 price target on GrubHub and gave the stock a “buy” rating in a research note on Monday, July 31st. Finally, Oppenheimer Holdings, Inc. upped their price target on GrubHub from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $48.14.

Shares of GrubHub (NASDAQ GRUB) opened at 52.62 on Monday. The stock’s 50 day moving average is $44.99 and its 200 day moving average is $40.28. GrubHub has a 12 month low of $32.43 and a 12 month high of $53.36. The firm has a market cap of $4.54 billion and a P/E ratio of 79.73.

GrubHub (NASDAQ:GRUB) last posted its earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. GrubHub had a return on equity of 7.21% and a net margin of 11.35%. The firm had revenue of $158.79 million for the quarter, compared to analysts’ expectations of $158.13 million. Equities research analysts expect that GrubHub will post $1.10 EPS for the current year.

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In related news, CFO Adam Dewitt sold 6,722 shares of the stock in a transaction dated Tuesday, August 1st. The stock was 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 owns 25,294 shares in the company, valued at $1,184,012.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Margo Drucker sold 1,737 shares of the stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $43.85, for a total value of $76,167.45. Following the sale, the senior vice president now owns 1,554 shares of the company’s stock, valued at approximately $68,142.90. The disclosure for this sale can be found here. Insiders have sold 177,026 shares of company stock valued at $8,275,634 in the last quarter.

Institutional investors have recently added to or reduced their stakes in the stock. Caledonia Private Investments Pty Ltd boosted 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 in the last quarter. Baillie Gifford & Co. boosted its position in GrubHub by 1.4% in the first quarter. Baillie Gifford & Co. now owns 8,242,999 shares of the information services provider’s stock valued at $271,112,000 after buying an additional 112,260 shares in the last quarter. Vanguard Group Inc. boosted its position in GrubHub by 4.3% in the first quarter. Vanguard Group Inc. now owns 6,748,946 shares of the information services provider’s stock valued at $221,973,000 after buying an additional 281,024 shares in the last quarter. BlackRock Inc. boosted its position in GrubHub by 75,703.7% in the first quarter. BlackRock Inc. now owns 5,080,365 shares of the information services provider’s stock valued at $167,094,000 after buying an additional 5,073,663 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in GrubHub by 14.3% in the first quarter. JPMorgan Chase & Co. now owns 3,095,577 shares of the information services provider’s stock valued at $101,814,000 after buying an additional 387,276 shares in 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.

The Fly

Analyst Recommendations for GrubHub (NASDAQ:GRUB)

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