GrubHub Inc (GRUB) Given “Outperform” Rating at Cowen and Company
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.
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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