GrubHub (NYSE:GRUB) had its price target lifted by equities researchers at Craig Hallum from $80.00 to $100.00 in a research report issued on Thursday. The firm presently has a “buy” rating on the information services provider’s stock. Craig Hallum’s price target would indicate a potential upside of 12.31% from the stock’s current price.
GRUB has been the topic of a number of other reports. Oppenheimer boosted their target price on GrubHub from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded GrubHub from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Tuesday, January 9th. Barclays boosted their target price on GrubHub from $45.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Stifel Nicolaus boosted their target price on GrubHub from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, KeyCorp set a $80.00 target price on GrubHub and gave the stock a “buy” rating in a research report on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $67.05.
GrubHub (NYSE GRUB) traded up $19.13 on Thursday, reaching $89.04. The company’s stock had a trading volume of 13,486,958 shares, compared to its average volume of 1,866,692. The stock has a market capitalization of $6,060.00, a P/E ratio of 131.22, a price-to-earnings-growth ratio of 2.78 and a beta of 1.54. GrubHub has a one year low of $32.43 and a one year high of $94.89.
In related news, CFO Adam Dewitt sold 5,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $64.61, for a total value of $323,050.00. Following the completion of the transaction, the chief financial officer now directly owns 18,744 shares in the company, valued at $1,211,049.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Stanley Chia sold 645 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $66.54, for a total value of $42,918.30. Following the completion of the transaction, the chief operating officer now owns 1,215 shares of the company’s stock, valued at $80,846.10. The disclosure for this sale can be found here. Insiders sold 326,558 shares of company stock worth $22,806,527 over the last 90 days. Company insiders own 2.37% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in GRUB. First Trust Advisors LP increased its stake in GrubHub by 996.8% in the fourth quarter. First Trust Advisors LP now owns 1,610,369 shares of the information services provider’s stock valued at $115,624,000 after purchasing an additional 1,463,539 shares during the last quarter. Caledonia Private Investments Pty Ltd increased its stake in 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 purchasing an additional 790,969 shares during the last quarter. Janus Henderson Group PLC acquired a new position in GrubHub in the second quarter valued at $28,875,000. Koch Industries Inc. acquired a new position in GrubHub in the second quarter valued at $456,000. Finally, Lord Abbett & CO. LLC acquired a new position in GrubHub in the second quarter valued at $19,789,000.
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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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