GrubHub (GRUB) Rating Lowered to Hold at Zacks Investment Research

GrubHub (NYSE:GRUB) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “GrubHub Inc. is an online and mobile food ordering company. The Company’s platform assists diners in searching for local restaurant, tracking the order and re-order for convenience. It operates within the United States and the United Kingdom. GrubHub Inc. is based in United States. “

Several other analysts also recently weighed in on the company. Guggenheim assumed coverage on GrubHub in a research report on Monday. They set a “buy” rating and a $85.54 price objective for the company. Oppenheimer upped their price objective on GrubHub to $100.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Cowen restated a “buy” rating and set a $96.00 price objective on shares of GrubHub in a research report on Friday, February 9th. Credit Suisse Group upped their price objective on GrubHub from $65.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, Mizuho set a $98.00 price objective on GrubHub and gave the stock a “buy” rating in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $74.07.

GrubHub (NYSE:GRUB) traded up $5.42 during trading hours on Wednesday, hitting $93.39. The stock had a trading volume of 2,580,000 shares, compared to its average volume of 2,070,000. The company has a market cap of $8,100.00, a P/E ratio of 83.38, a price-to-earnings-growth ratio of 2.97 and a beta of 1.54. GrubHub has a 1 year low of $32.43 and a 1 year high of $94.89.

GrubHub (NYSE:GRUB) last announced 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. GrubHub had a return on equity of 8.47% and a net margin of 14.49%. The business had revenue of $205.10 million during the quarter, compared to the consensus estimate of $201.55 million. During the same period in the prior year, the company earned $0.23 EPS. GrubHub’s revenue for the quarter was up 49.2% on a year-over-year basis. sell-side analysts forecast that GrubHub will post 1.26 earnings per share for the current fiscal year.

In other GrubHub news, Director Brian P. Mcandrews sold 16,300 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $88.27, for a total value of $1,438,801.00. Following the completion of the transaction, the director now directly owns 1,250 shares in the company, valued at $110,337.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew M. Maloney sold 15,637 shares of the stock in a transaction dated Thursday, November 16th. The shares were 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. Insiders sold 376,523 shares of company stock valued at $27,187,995 over the last quarter. Corporate insiders own 2.37% of the company’s stock.

Hedge funds have recently modified their holdings of the company. QS Investors LLC acquired a new stake in shares of GrubHub in the fourth quarter valued at about $129,000. Cubist Systematic Strategies LLC acquired a new stake in shares of GrubHub in the third quarter valued at about $105,000. PNC Financial Services Group Inc. increased its stake in shares of GrubHub by 6.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock valued at $108,000 after buying an additional 148 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of GrubHub by 53.7% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,533 shares of the information services provider’s stock valued at $182,000 after buying an additional 885 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of GrubHub in the fourth quarter valued at about $202,000.

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About GrubHub

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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