GrubHub (GRUB) PT Raised to $100.00 at Craig Hallum

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.

GrubHub (NYSE:GRUB) last posted its earnings results on Thursday, February 8th. The information services provider reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.13. The company had revenue of $205.10 million for the quarter, compared to the consensus estimate of $201.55 million. GrubHub had a return on equity of 7.45% and a net margin of 9.60%. GrubHub’s quarterly revenue was up 49.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. research analysts predict that GrubHub will post 0.89 EPS for the current fiscal year.

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.

Analyst Recommendations for GrubHub (NYSE:GRUB)

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