GrubHub Inc (NASDAQ:GRUB) has received an average rating of “Buy” from the twenty-seven research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $58.18.

Several equities analysts have commented on GRUB shares. Stifel Nicolaus reissued a “buy” rating and issued a $53.00 target price (up from $50.00) on shares of GrubHub in a report on Wednesday, August 9th. Wedbush set a $55.00 target price on shares of GrubHub and gave the company a “buy” rating in a report on Friday, August 4th. Roth Capital set a $55.00 target price on shares of GrubHub and gave the company a “buy” rating in a report on Monday, July 31st. Canaccord Genuity reissued a “buy” rating and issued a $50.00 target price (up from $47.00) on shares of GrubHub in a report on Friday, August 4th. Finally, Credit Suisse Group set a $50.00 target price on shares of GrubHub and gave the company a “buy” rating in a report on Friday, August 4th.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/11/01/grubhub-inc-grub-given-consensus-rating-of-buy-by-analysts.html.

Shares of GrubHub (NASDAQ:GRUB) opened at 61.02 on Wednesday. The company has a market cap of $5.27 billion and a PE ratio of 89.74. GrubHub has a 1-year low of $32.43 and a 1-year high of $61.07. The company has a 50-day moving average of $53.59 and a 200-day moving average of $48.32.

GrubHub (NASDAQ:GRUB) last released its earnings results on Wednesday, October 25th. The information services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. The firm had revenue of $163.10 million for the quarter, compared to analyst estimates of $159.63 million. During the same period last year, the firm earned $0.23 EPS. The business’s quarterly revenue was up 32.1% compared to the same quarter last year. Equities analysts forecast that GrubHub will post $1.13 EPS for the current year.

In related news, COO Stanley Chia sold 822 shares of GrubHub stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $46.65, for a total transaction of $38,346.30. Following the sale, the chief operating officer now directly owns 1,215 shares in the company, valued at approximately $56,679.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Matthew M. Maloney sold 16,681 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $60.06, for a total transaction of $1,001,860.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 481,939 shares of company stock worth $26,425,938.

Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in shares of GrubHub by 6.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock worth $108,000 after purchasing an additional 148 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of GrubHub by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock worth $120,000 after purchasing an additional 285 shares during the period. Fortaleza Asset Management Inc. acquired a new position in shares of GrubHub in the 2nd quarter worth approximately $146,000. Chicago Partners Investment Group LLC acquired a new position in shares of GrubHub in the 2nd quarter worth approximately $154,000. Finally, Asset Dedication LLC acquired a new position in shares of GrubHub in the 3rd quarter worth approximately $165,000.

GrubHub Company Profile

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)

Receive News & Ratings for GrubHub Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub Inc and related companies with MarketBeat.com's FREE daily email newsletter.