GrubHub Inc. (NYSE:GRUB)‘s stock had its “buy” rating reiterated by analysts at Craig Hallum in a research note issued to investors on Tuesday, The Fly reports. They presently have a $80.00 price target on the information services provider’s stock, up from their previous price target of $70.00. Craig Hallum’s target price would indicate a potential upside of 19.99% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Canaccord Genuity reissued a “buy” rating and issued a $50.00 price target on shares of GrubHub in a report on Thursday, August 10th. BidaskClub raised shares of GrubHub from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Wedbush set a $55.00 price target on shares of GrubHub and gave the company a “buy” rating in a report on Friday, August 4th. Stifel Nicolaus set a $53.00 price target on shares of GrubHub and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, Roth Capital set a $55.00 price target on shares of GrubHub and gave the company a “buy” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. GrubHub has an average rating of “Buy” and an average target price of $58.61.

GrubHub (GRUB) traded up $1.64 during mid-day trading on Tuesday, reaching $66.67. 394,135 shares of the company traded hands, compared to its average volume of 2,010,235. The firm has a market capitalization of $5,630.00, a P/E ratio of 74.37, a P/E/G ratio of 3.55 and a beta of 1.64. GrubHub has a 1-year low of $32.43 and a 1-year high of $65.08.

GrubHub (NYSE:GRUB) last posted its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. The business had revenue of $163.10 million during the quarter, compared to the consensus estimate of $159.63 million. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share. equities analysts forecast that GrubHub will post 0.88 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/11/21/grubhubs-grub-buy-rating-reiterated-at-craig-hallum.html.

In related news, CEO Matthew M. Maloney sold 61,000 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $55.73, for a total value of $3,399,530.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Adam Dewitt sold 5,000 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $51.13, for a total value of $255,650.00. Following the completion of the transaction, the chief financial officer now owns 20,114 shares in the company, valued at approximately $1,028,428.82. The disclosure for this sale can be found here. Insiders sold a total of 437,794 shares of company stock worth $25,423,822 in the last quarter. 2.37% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC acquired a new position in GrubHub in the second quarter worth approximately $19,789,000. Bank of New York Mellon Corp boosted its position in GrubHub by 11.7% during the second quarter. Bank of New York Mellon Corp now owns 736,610 shares of the information services provider’s stock worth $32,116,000 after purchasing an additional 77,237 shares during the period. Geneva Advisors LLC bought a new stake in GrubHub during the second quarter worth approximately $622,000. Delta Lloyd Asset Management N.V. bought a new stake in GrubHub during the second quarter worth approximately $2,126,000. Finally, Principal Financial Group Inc. boosted its position in GrubHub by 51.3% during the second quarter. Principal Financial Group Inc. now owns 17,348 shares of the information services provider’s stock worth $756,000 after purchasing an additional 5,880 shares during the period.

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.

The Fly

Analyst Recommendations for GrubHub (NYSE: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.