GrubHub (NYSE:GRUB) had its target price boosted by stock analysts at Oppenheimer to $80.00 in a research report issued on Friday. The firm presently has an “outperform” rating on the information services provider’s stock. Oppenheimer’s price target indicates a potential upside of 9.63% from the company’s current price.
Other analysts have also issued research reports about the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $53.00 target price on shares of GrubHub in a report on Wednesday, October 4th. KeyCorp set a $62.00 price target on shares of GrubHub and gave the company a “buy” rating in a report on Sunday, October 15th. Craig Hallum initiated coverage on shares of GrubHub in a report on Monday, September 25th. They issued a “buy” rating and a $70.00 price target for the company. Canaccord Genuity boosted their price target on shares of GrubHub from $50.00 to $60.00 and gave the company a “buy” rating in a report on Monday, September 18th. Finally, Morgan Stanley reissued a “buy” rating and issued a $63.00 price target (up previously from $59.00) on shares of GrubHub in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $61.39.
GrubHub (NYSE GRUB) traded up $1.09 on Friday, reaching $72.97. 1,374,981 shares of the company’s stock were exchanged, compared to its average volume of 1,234,995. GrubHub has a 12-month low of $32.43 and a 12-month high of $74.81. The firm has a market cap of $6,330.00, a price-to-earnings ratio of 107.31, a PEG ratio of 3.08 and a beta of 1.67.
GrubHub (NYSE:GRUB) last released its earnings results on Wednesday, October 25th. The information services provider reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. The firm had revenue of $163.10 million during the quarter, compared to analyst estimates of $159.63 million. During the same quarter in the previous year, the business earned $0.23 EPS. The business’s quarterly revenue was up 32.1% compared to the same quarter last year. research analysts anticipate that GrubHub will post 0.89 earnings per share for the current year.
In other GrubHub news, CEO Matthew M. Maloney sold 59,880 shares of the business’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $55.75, for a total transaction of $3,338,310.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Adam Dewitt sold 5,000 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $51.13, for a total transaction of $255,650.00. Following the sale, the chief financial officer now directly owns 20,114 shares in the company, valued at $1,028,428.82. The disclosure for this sale can be found here. Insiders sold a total of 448,643 shares of company stock worth $28,651,090 over the last ninety days. 2.37% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the business. Caledonia Private Investments Pty Ltd lifted its position in GrubHub by 8.0% during the 3rd quarter. Caledonia Private Investments Pty Ltd now owns 10,702,879 shares of the information services provider’s stock worth $563,614,000 after buying an additional 790,969 shares in the last quarter. Baillie Gifford & Co. lifted its position in GrubHub by 1.7% during the 2nd quarter. Baillie Gifford & Co. now owns 8,385,444 shares of the information services provider’s stock worth $365,605,000 after buying an additional 142,445 shares in the last quarter. Vanguard Group Inc. lifted its position in GrubHub by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,952,748 shares of the information services provider’s stock worth $303,139,000 after buying an additional 203,802 shares in the last quarter. BlackRock Inc. lifted its position in GrubHub by 4.3% during the 2nd quarter. BlackRock Inc. now owns 5,296,672 shares of the information services provider’s stock worth $230,935,000 after buying an additional 216,307 shares in the last quarter. Finally, Carmignac Gestion raised its holdings in shares of GrubHub by 5.2% in the 3rd quarter. Carmignac Gestion now owns 5,233,974 shares of the information services provider’s stock valued at $275,621,000 after purchasing an additional 257,429 shares during the period.
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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.