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.
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.
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