GrubHub (NYSE:GRUB) had its target price lifted by Credit Suisse Group from $65.00 to $80.00 in a research note issued to investors on Friday. The brokerage presently has a “hold” rating on the information services provider’s stock. Credit Suisse Group’s price objective would suggest a potential downside of 9.06% from the company’s current price.
Several other research analysts have also recently weighed in on GRUB. UBS Group cut shares of GrubHub from an “outperform” rating to a “market perform” rating in a report on Monday, February 5th. Stifel Nicolaus increased their price target on shares of GrubHub from $63.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Mizuho set a $98.00 price target on shares of GrubHub and gave the company a “buy” rating in a report on Thursday, February 8th. Raymond James Financial reaffirmed a “market perform” rating on shares of GrubHub in a report on Monday, February 5th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $100.00 target price (up from $80.00) on shares of GrubHub in a report on Thursday, February 8th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. GrubHub has an average rating of “Buy” and an average target price of $74.07.
GrubHub (NYSE GRUB) traded up $1.27 during trading on Friday, reaching $87.97. 1,232,035 shares of the company’s stock traded hands, compared to its average volume of 2,071,971. The company has a market cap of $7,630.00, a PE ratio of 78.54, a P/E/G ratio of 3.06 and a beta of 1.54. GrubHub has a 52-week low of $32.43 and a 52-week high of $94.89.
In other GrubHub news, COO Stanley Chia sold 645 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 1,215 shares in the company, valued at $80,846.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Adam Dewitt sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 18,744 shares in the company, valued at approximately $1,211,049.84. The disclosure for this sale can be found here. Insiders have sold a total of 325,212 shares of company stock worth $22,721,729 in the last quarter. 2.37% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of GrubHub by 92.5% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 271,508 shares of the information services provider’s stock worth $19,494,000 after purchasing an additional 130,501 shares during the period. AXA lifted its holdings in shares of GrubHub by 39.3% during the fourth quarter. AXA now owns 62,000 shares of the information services provider’s stock worth $4,452,000 after purchasing an additional 17,500 shares during the period. Geode Capital Management LLC lifted its holdings in shares of GrubHub by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 710,151 shares of the information services provider’s stock worth $50,988,000 after purchasing an additional 9,176 shares during the period. Lansdowne Partners UK LLP acquired a new position in shares of GrubHub during the fourth quarter worth $1,124,000. Finally, Reliance Trust Co. of Delaware acquired a new position in shares of GrubHub during the fourth quarter worth $208,000.
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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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