GrubHub (GRUB) – Research Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of GrubHub (NYSE: GRUB) recently:

  • 1/9/2018 – GrubHub was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $80.00 price target on the stock. According to Zacks, “GrubHub Inc. is an online and mobile food ordering company. The Company’s platform assists diners in searching for local restaurant, tracking the order and re-order for convenience. It operates within the United States and the United Kingdom. GrubHub Inc. is based in United States. “
  • 1/8/2018 – GrubHub had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $68.00 price target on the stock, up previously from $58.00.
  • 1/8/2018 – GrubHub was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating. They now have a $70.00 price target on the stock, up previously from $65.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/5/2018 – GrubHub had its price target raised by analysts at Oppenheimer Holdings Inc. to $80.00. They now have an “outperform” rating on the stock.
  • 1/4/2018 – GrubHub was given a new $65.00 price target on by analysts at Credit Suisse Group AG. They now have a “hold” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/2/2018 – GrubHub had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $80.00 price target on the stock.
  • 12/11/2017 – GrubHub was given a new $80.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 12/1/2017 – GrubHub had its “outperform” rating reaffirmed by analysts at Cowen Inc. They now have a $78.00 price target on the stock, up previously from $65.00.
  • 11/21/2017 – GrubHub had its “buy” rating reaffirmed by analysts at Craig Hallum. They now have a $80.00 price target on the stock, up previously from $70.00.

GrubHub Inc (NYSE GRUB) traded down $0.46 during midday trading on Friday, reaching $70.34. 735,400 shares of the company’s stock traded hands, compared to its average volume of 1,447,208. GrubHub Inc has a fifty-two week low of $32.43 and a fifty-two week high of $74.81. The stock has a market cap of $6,060.00, a PE ratio of 103.44, a PEG ratio of 3.02 and a beta of 1.67.

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 the Thomson Reuters’ consensus estimate of $0.24 by $0.04. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. The business had revenue of $163.10 million for the quarter, compared to analysts’ expectations of $159.63 million. During the same period in the prior year, the company posted $0.23 EPS. The business’s revenue for the quarter was up 32.1% compared to the same quarter last year. equities research analysts forecast that GrubHub Inc will post 0.89 earnings per share for the current fiscal year.

In other news, CFO Adam Dewitt sold 5,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $71.20, for a total value of $356,000.00. Following the transaction, the chief financial officer now owns 16,366 shares of the company’s stock, valued at approximately $1,165,259.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew M. Maloney sold 6,250 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $52.38, for a total transaction of $327,375.00. The disclosure for this sale can be found here. Insiders sold a total of 448,643 shares of company stock worth $28,875,690 over the last quarter. Corporate insiders own 2.37% of the company’s stock.

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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