GrubHub (GRUB) Coverage Initiated by Analysts at Guggenheim

Equities research analysts at Guggenheim initiated coverage on shares of GrubHub (NYSE:GRUB) in a research report issued on Monday. The firm set a “buy” rating and a $85.54 price target on the information services provider’s stock. Guggenheim’s price objective would suggest a potential downside of 0.33% from the company’s current price.

Several other research firms have also issued reports on GRUB. Roth Capital upped their target price on GrubHub from $65.00 to $78.00 and gave the company a “buy” rating in a report on Monday, February 5th. Oppenheimer upped their target price on GrubHub to $100.00 and gave the company an “outperform” rating in a report on Friday. Mizuho set a $98.00 target price on GrubHub and gave the company a “buy” rating in a report on Thursday. Cowen reaffirmed a “buy” rating and issued a $96.00 target price on shares of GrubHub in a report on Friday. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $68.00 target price (up from $58.00) on shares of GrubHub in a report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. GrubHub presently has a consensus rating of “Buy” and a consensus target price of $75.70.

Shares of GrubHub (GRUB) opened at $85.82 on Monday. The company has a market capitalization of $7,443.54, a P/E ratio of 76.79, a PEG 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.

GrubHub (NYSE:GRUB) last released its earnings results on Thursday, February 8th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.07. The company had revenue of $205.10 million during the quarter, compared to analyst estimates of $201.55 million. GrubHub had a return on equity of 8.47% and a net margin of 14.49%. GrubHub’s quarterly revenue was up 49.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. analysts anticipate that GrubHub will post 1.22 EPS for the current fiscal year.

In other GrubHub news, CEO Matthew M. Maloney sold 37,283 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $64.58, for a total transaction of $2,407,736.14. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Matthew M. Maloney sold 15,637 shares of the stock in a transaction on 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. Over the last three months, insiders have sold 325,212 shares of company stock valued at $22,721,729. 2.37% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its position in shares of GrubHub by 6.4% during the second quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock worth $108,000 after acquiring an additional 148 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of GrubHub by 8.1% during the second quarter. Ameritas Investment Partners Inc. now owns 7,544 shares of the information services provider’s stock worth $329,000 after acquiring an additional 567 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of GrubHub by 53.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,533 shares of the information services provider’s stock worth $182,000 after acquiring an additional 885 shares in the last quarter. First Mercantile Trust Co. lifted its position in shares of GrubHub by 12.3% during the fourth quarter. First Mercantile Trust Co. now owns 8,601 shares of the information services provider’s stock worth $617,000 after acquiring an additional 942 shares in the last quarter. Finally, Strs Ohio lifted its position in shares of GrubHub by 8.3% during the third quarter. Strs Ohio now owns 14,300 shares of the information services provider’s stock worth $753,000 after acquiring an additional 1,100 shares in the last quarter.

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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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