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.
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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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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