GrubHub Inc (NASDAQ:GRUB)‘s stock had its “outperform” rating reissued by analysts at Cowen and Company in a research report issued on Thursday. They presently have a $65.00 price target on the information services provider’s stock, up from their prior price target of $54.00. Cowen and Company’s price objective suggests a potential upside of 15.70% from the stock’s previous close.

Other analysts have also issued research reports about the company. Stifel Nicolaus set a $53.00 price objective on GrubHub and gave the company a “buy” rating in a report on Thursday, August 3rd. Wedbush set a $55.00 price objective on GrubHub and gave the company a “buy” rating in a report on Friday, August 4th. BidaskClub upgraded GrubHub from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Canaccord Genuity reiterated a “buy” rating and set a $50.00 price objective on shares of GrubHub in a report on Thursday, August 10th. Finally, Morgan Stanley upgraded GrubHub from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $43.00 to $59.00 in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $51.21.

GrubHub (GRUB) traded down 1.71% on Thursday, hitting $55.22. The stock had a trading volume of 651,199 shares. The firm has a market cap of $4.77 billion and a PE ratio of 81.21. GrubHub has a 52-week low of $32.43 and a 52-week high of $57.61. The company has a 50-day moving average price of $53.29 and a 200 day moving average price of $43.49.

GrubHub (NASDAQ:GRUB) last announced 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 analysts’ expectations of $158.13 million. GrubHub had a return on equity of 5.84% and a net margin of 9.29%. Equities analysts forecast that GrubHub will post $1.10 earnings per share for the current fiscal year.

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In other news, SVP Margo Drucker sold 1,054 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $43.86, for a total transaction of $46,228.44. Following the sale, the senior vice president now directly owns 1,291 shares in the company, valued at approximately $56,623.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew M. Maloney sold 88,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $55.83, for a total value of $4,913,040.00. The disclosure for this sale can be found here. Insiders have sold a total of 411,568 shares of company stock valued at $21,454,308 in the last quarter.

A number of hedge funds have recently bought and sold shares of the stock. Caledonia Private Investments Pty Ltd boosted its holdings in GrubHub by 3.4% in the 2nd quarter. Caledonia Private Investments Pty Ltd now owns 9,911,910 shares of the information services provider’s stock worth $432,159,000 after buying an additional 329,401 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in GrubHub by 1.7% in the 2nd quarter. Baillie Gifford & Co. now owns 8,385,444 shares of the information services provider’s stock worth $365,605,000 after buying an additional 142,445 shares during the last quarter. Vanguard Group Inc. boosted its holdings in GrubHub by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 6,952,748 shares of the information services provider’s stock worth $303,139,000 after buying an additional 203,802 shares during the last quarter. BlackRock Inc. boosted its holdings in GrubHub by 4.3% in the 2nd quarter. BlackRock Inc. now owns 5,296,672 shares of the information services provider’s stock worth $230,935,000 after buying an additional 216,307 shares during the last quarter. Finally, Carmignac Gestion boosted its holdings in GrubHub by 55.4% in the 2nd quarter. Carmignac Gestion now owns 4,976,545 shares of the information services provider’s stock worth $216,977,000 after buying an additional 1,773,959 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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