GrubHub Inc (NASDAQ:GRUB) was downgraded by equities researchers at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research report issued on Thursday, MarketBeat reports. They currently have a $56.00 price target on the information services provider’s stock, up from their previous price target of $52.00. Citigroup Inc.’s price objective would indicate a potential upside of 7.73% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Pacific Crest reissued an “overweight” rating and set a $50.00 price target on shares of GrubHub in a report on Wednesday, June 28th. Stifel Nicolaus reissued a “buy” rating and set a $53.00 price target (up previously from $50.00) on shares of GrubHub in a report on Wednesday, August 9th. Craig Hallum began coverage on shares of GrubHub in a report on Monday, September 25th. They set a “buy” rating and a $70.00 price target for the company. DA Davidson began coverage on shares of GrubHub in a report on Wednesday, September 13th. They set a “neutral” rating and a $48.00 price target for the company. Finally, Cowen and Company reissued an “outperform” rating and set a $65.00 price target (up previously from $54.00) on shares of GrubHub in a report on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. GrubHub currently has an average rating of “Buy” and an average target price of $53.67.

Shares of GrubHub (NASDAQ GRUB) traded down 3.92% during trading on Thursday, reaching $51.98. 2,300,285 shares of the company’s stock were exchanged. GrubHub has a 52 week low of $32.43 and a 52 week high of $57.61. The stock has a market capitalization of $4.49 billion and a PE ratio of 76.44. The company’s 50-day moving average is $54.28 and its 200 day moving average is $45.63.

GrubHub (NASDAQ:GRUB) last released its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $158.79 million during the quarter, compared to the consensus estimate of $158.13 million. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. On average, analysts forecast that GrubHub will post $1.09 earnings per share for the current year.

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In other GrubHub news, CFO Adam Dewitt sold 3,000 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $45.15, for a total transaction of $135,450.00. Following the sale, the chief financial officer now owns 26,224 shares in the company, valued at approximately $1,184,013.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Maria Belousova sold 1,266 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $45.13, for a total value of $57,134.58. Following the sale, the insider now owns 1,266 shares in the company, valued at approximately $57,134.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 389,723 shares of company stock worth $20,612,266.

Hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its holdings in GrubHub by 6.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock worth $108,000 after buying an additional 148 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in GrubHub by 11.5% during the 2nd 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 during the period. Fortaleza Asset Management Inc. acquired a new stake in GrubHub during the 2nd quarter worth about $146,000. Chicago Partners Investment Group LLC acquired a new stake in GrubHub during the 2nd quarter worth about $154,000. Finally, Karp Capital Management Corp acquired a new stake in GrubHub during the 1st quarter worth about $214,000.

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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