GrubHub (GRUB) Price Target Raised to $100.00

GrubHub (NYSE:GRUB) had its price objective raised by equities research analysts at Canaccord Genuity from $80.00 to $100.00 in a report released on Thursday, Marketbeat.com reports. The firm presently has a “buy” rating on the information services provider’s stock. Canaccord Genuity’s target price would indicate a potential upside of 13.68% from the company’s current price. The analysts noted that the move was a valuation call.

Several other analysts also recently weighed in on the stock. KeyCorp set a $80.00 price objective on shares of GrubHub and gave the stock a “buy” rating in a research report on Monday, December 11th. Zacks Investment Research upgraded shares of GrubHub from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Tuesday, January 9th. Wedbush downgraded shares of GrubHub from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $65.00 to $70.00 in a research report on Monday, January 8th. They noted that the move was a valuation call. Oppenheimer boosted their price objective on shares of GrubHub to $80.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Finally, Cowen restated an “outperform” rating and set a $78.00 price objective (up previously from $65.00) on shares of GrubHub in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $74.07.

Shares of GrubHub (NYSE GRUB) traded up $1.27 during trading hours on Thursday, hitting $87.97. 1,232,035 shares of the stock traded hands, compared to its average volume of 2,071,971. The stock has a market cap of $7,630.00, a P/E ratio of 78.54, a PEG ratio of 3.06 and a beta of 1.54. GrubHub has a twelve month low of $32.43 and a twelve month high of $94.89.

GrubHub (NYSE:GRUB) last issued its quarterly earnings data on Thursday, February 8th. The information services provider reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.07. The business had revenue of $205.10 million during the quarter, compared to the consensus estimate of $201.55 million. GrubHub had a net margin of 14.49% and a return on equity of 8.47%. The company’s revenue was up 49.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. sell-side analysts predict that GrubHub will post 1.22 earnings per share for the current fiscal year.

In other news, CFO Adam Dewitt sold 5,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $64.61, for a total transaction of $323,050.00. Following the transaction, the chief financial officer now directly owns 18,744 shares of the company’s stock, valued at approximately $1,211,049.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Matthew M. Maloney sold 15,637 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $64.16, for a total transaction of $1,003,269.92. The disclosure for this sale can be found here. Insiders sold a total of 325,212 shares of company stock worth $22,721,729 over the last three months. 2.37% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new position in shares of GrubHub during the 3rd quarter worth $105,000. PNC Financial Services Group Inc. grew its stake in shares of GrubHub by 6.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock worth $108,000 after purchasing an additional 148 shares during the period. Asset Dedication LLC acquired a new position in shares of GrubHub during the 3rd quarter worth $165,000. Bronfman E.L. Rothschild L.P. grew its stake in shares of GrubHub by 53.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,533 shares of the information services provider’s stock worth $182,000 after purchasing an additional 885 shares during the period. Finally, BT Investment Management Ltd acquired a new position in shares of GrubHub during the 3rd quarter worth $195,000.

WARNING: This piece was originally published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2018/02/08/grubhub-grub-stock-rating-reaffirmed-by-canaccord-genuity.html.

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)

Receive News & Ratings for GrubHub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply