GrubHub Inc (GRUB) Given Consensus Recommendation of “Buy” by Brokerages
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.
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.
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