GrubHub Inc (NYSE:GRUB) has been assigned a consensus recommendation of “Buy” from the twenty-seven analysts that are currently covering the firm, MarketBeat.com reports. One equities 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 given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $62.61.

A number of analysts have recently issued reports on GRUB shares. Craig Hallum started coverage on shares of GrubHub in a research note on Monday, September 25th. They set a “buy” rating and a $70.00 target price for the company. Canaccord Genuity raised their target price on shares of GrubHub from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, September 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $53.00 price target on shares of GrubHub in a research report on Wednesday, October 4th. KeyCorp set a $62.00 price target on shares of GrubHub and gave the stock a “buy” rating in a research report on Sunday, October 15th. Finally, Morgan Stanley reaffirmed a “buy” rating and set a $63.00 price target (up from $59.00) on shares of GrubHub in a research report on Thursday, October 26th.

Shares of GrubHub (NYSE:GRUB) opened at $70.61 on Monday. The stock has a market cap of $6,121.50, a PE ratio of 103.84, a PEG ratio of 3.01 and a beta of 1.67. GrubHub has a 12 month low of $32.43 and a 12 month high of $74.81.

GrubHub (NYSE:GRUB) last posted its earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. The company had revenue of $163.10 million during the quarter, compared to analysts’ expectations of $159.63 million. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. GrubHub’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 EPS. equities research analysts forecast 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 firm’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $55.75, for a total value of $3,338,310.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Matthew M. Maloney sold 6,250 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $72.81, for a total transaction of $455,062.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 437,393 shares of company stock worth $28,074,378. Insiders own 2.37% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in GRUB. Cubist Systematic Strategies LLC bought a new stake in shares of GrubHub during the 3rd quarter valued at approximately $105,000. PNC Financial Services Group Inc. grew its holdings in shares of GrubHub by 6.4% during the 2nd 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of GrubHub by 11.5% during the 2nd 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 during the last quarter. Asset Dedication LLC bought a new stake in shares of GrubHub during the 3rd quarter valued at approximately $165,000. Finally, Comerica Bank bought a new stake in shares of GrubHub during the 3rd quarter valued at approximately $201,000.

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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.

Analyst Recommendations for GrubHub (NYSE:GRUB)

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