Cowen Reiterates “Outperform” Rating for GrubHub (GRUB)

GrubHub (NYSE:GRUB)‘s stock had its “outperform” rating reaffirmed by analysts at Cowen in a note issued to investors on Friday, The Fly reports. They currently have a $78.00 price target on the information services provider’s stock, up from their previous price target of $65.00. Cowen’s price objective suggests a potential upside of 17.12% from the company’s current price.

GRUB has been the topic of several other reports. Barclays boosted their price objective on shares of GrubHub from $45.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Wells Fargo & Company restated a “hold” rating and issued a $58.00 price objective on shares of GrubHub in a report on Thursday, October 26th. DA Davidson restated a “hold” rating and issued a $50.00 price objective (up from $48.00) on shares of GrubHub in a report on Friday, October 27th. KeyCorp reiterated a “buy” rating and set a $62.00 price target (up from $56.00) on shares of GrubHub in a research note on Wednesday, September 6th. Finally, Zacks Investment Research lowered shares of GrubHub from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. GrubHub currently has a consensus rating of “Buy” and a consensus price target of $59.18.

Shares of GrubHub (NYSE GRUB) traded down $0.96 on Friday, reaching $66.60. 1,587,855 shares of the company traded hands, compared to its average volume of 1,984,214. The stock has a market cap of $5,770.00, a price-to-earnings ratio of 78.43, a P/E/G ratio of 3.74 and a beta of 1.64. GrubHub has a 12-month low of $32.43 and a 12-month high of $69.82.

GrubHub (NYSE:GRUB) last issued its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. The firm had revenue of $163.10 million for the quarter, compared to analyst estimates of $159.63 million. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. GrubHub’s revenue was up 32.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS. equities analysts predict that GrubHub will post 0.88 EPS for the current year.

In other news, CEO Matthew M. Maloney sold 6,250 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $55.90, for a total transaction of $349,375.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Adam Dewitt sold 5,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $64.61, for a total value of $323,050.00. Following the transaction, the chief financial officer now directly owns 18,744 shares of the company’s stock, valued at $1,211,049.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 320,105 shares of company stock valued at $18,953,542. Corporate insiders own 2.37% of the company’s stock.

Several institutional investors have recently made changes to their positions in GRUB. Cubist Systematic Strategies LLC acquired a new position in shares of GrubHub during the third quarter worth about $105,000. PNC Financial Services Group Inc. boosted its holdings in GrubHub by 6.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock valued at $108,000 after purchasing an additional 148 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in GrubHub by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after purchasing an additional 285 shares in the last quarter. Fortaleza Asset Management Inc. acquired a new position in GrubHub in the second quarter valued at approximately $146,000. Finally, Chicago Partners Investment Group LLC acquired a new position in GrubHub in the second quarter valued at approximately $154,000.

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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)

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