Stifel Nicolaus Raises GrubHub (GRUB) Price Target to $75.00

GrubHub (NYSE:GRUB) had its price objective lifted by analysts at Stifel Nicolaus from $63.00 to $75.00 in a report released on Tuesday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the information services provider’s stock. Stifel Nicolaus’ target price suggests a potential upside of 8.85% from the company’s current price.

Several other research firms have also issued reports on GRUB. Barclays lowered GrubHub from an “equal weight” rating to an “underweight” rating and set a $56.00 target price on the stock. in a report on Tuesday, January 30th. Wedbush lowered GrubHub from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $65.00 to $70.00 in a report on Monday, January 8th. They noted that the move was a valuation call. Wells Fargo & Co reissued a “market perform” rating and set a $68.00 target price (up from $58.00) on shares of GrubHub in a report on Monday, January 8th. DA Davidson reissued a “hold” rating and set a $65.00 target price on shares of GrubHub in a report on Thursday, February 1st. They noted that the move was a valuation call. Finally, Oppenheimer increased their target price on GrubHub to $80.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $66.18.

GrubHub (GRUB) traded up $0.74 on Tuesday, hitting $68.90. The stock had a trading volume of 1,961,501 shares, compared to its average volume of 1,476,654. The firm has a market cap of $5,950.00, a price-to-earnings ratio of 101.32, a P/E/G ratio of 3.01 and a beta of 1.54. GrubHub has a 12 month low of $32.43 and a 12 month high of $77.99.

In other GrubHub news, CEO Matthew M. Maloney sold 1,346 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $63.00, for a total value of $84,798.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew M. Maloney sold 18,750 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $75.18, for a total value of $1,409,625.00. The disclosure for this sale can be found here. Insiders sold 326,558 shares of company stock valued at $22,806,527 over the last quarter. Corporate insiders own 2.37% of the company’s stock.

A number of institutional investors have recently bought and sold shares of GRUB. Caledonia Private Investments Pty Ltd increased its stake in shares of GrubHub by 8.0% in the third quarter. Caledonia Private Investments Pty Ltd now owns 10,702,879 shares of the information services provider’s stock valued at $563,614,000 after buying an additional 790,969 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of GrubHub in the second quarter valued at about $28,875,000. Koch Industries Inc. acquired a new stake in shares of GrubHub in the second quarter valued at about $456,000. Lord Abbett & CO. LLC acquired a new stake in shares of GrubHub in the second quarter valued at about $19,789,000. Finally, Stephens Investment Management Group LLC acquired a new stake in shares of GrubHub in the fourth quarter valued at about $27,998,000.

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About GrubHub

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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