GrubHub (GRUB) Price Target Increased to $65.00 by Analysts at Monness Crespi & Hardt

GrubHub (NYSE:GRUB) had its price target lifted by Monness Crespi & Hardt from $42.00 to $65.00 in a report released on Friday. The firm presently has a “sell” rating on the information services provider’s stock. Monness Crespi & Hardt’s price target would suggest a potential downside of 24.01% from the stock’s previous close.

A number of other equities research analysts also recently commented on GRUB. KeyCorp set a $62.00 price objective on GrubHub and gave the company a “buy” rating in a research report on Sunday, October 15th. Stifel Nicolaus lifted their price objective on GrubHub from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research raised GrubHub from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $58.00 price objective on shares of GrubHub in a research report on Thursday, October 26th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $65.00 price objective (up previously from $60.00) on shares of GrubHub in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $75.29.

Shares of GrubHub (GRUB) traded down $3.50 during trading hours on Friday, hitting $85.54. The stock had a trading volume of 4,962,616 shares, compared to its average volume of 2,030,099. The stock has a market capitalization of $7,719.28, a P/E ratio of 76.38, a P/E/G ratio of 3.53 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 announced its quarterly earnings data on Thursday, February 8th. The information services provider reported $0.31 EPS for the quarter, beating the Zacks’ 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 return on equity of 8.47% and a net margin of 14.49%. The business’s revenue for the quarter was up 49.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 earnings per share. equities research analysts anticipate that GrubHub will post 1.22 earnings per share for the current year.

In other GrubHub news, SVP Margo Drucker sold 1,237 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $71.87, for a total transaction of $88,903.19. Following the transaction, the senior vice president now owns 892 shares in the company, valued at $64,108.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Matthew M. Maloney sold 15,637 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $64.16, for a total value of $1,003,269.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 325,212 shares of company stock worth $22,721,729. 2.37% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in GRUB. First Trust Advisors LP lifted its stake in shares of 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 worth $115,624,000 after acquiring an additional 1,463,539 shares in the last quarter. Caledonia Private Investments Pty Ltd lifted 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 worth $563,614,000 after acquiring an additional 790,969 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of GrubHub in the second quarter worth about $28,875,000. Koch Industries Inc. acquired a new position in shares of GrubHub in the second quarter worth about $456,000. Finally, Lord Abbett & CO. LLC acquired a new position in shares of GrubHub in the second quarter worth about $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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