GrubHub (NYSE:GRUB)‘s stock had its “outperform” rating restated by investment analysts at Cowen in a research note issued to investors on Monday, The Fly reports.
Several other equities analysts also recently commented on GRUB. Roth Capital upped their price objective on GrubHub from $65.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Bank of America downgraded GrubHub from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 6th. They noted that the move was a valuation call. UBS Group downgraded GrubHub from an “outperform” rating to a “market perform” rating in a research note on Monday, February 5th. Mizuho set a $98.00 price objective on GrubHub and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, Credit Suisse Group set a $65.00 target price on GrubHub and gave the stock a “hold” rating in a research report on Thursday, January 4th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $74.86.
GrubHub (NYSE:GRUB) opened at $109.59 on Monday. GrubHub has a 12 month low of $32.43 and a 12 month high of $110.36. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $9,465.81, a P/E ratio of 97.85, a P/E/G ratio of 4.06 and a beta of 1.00.
In other news, CFO Adam Dewitt sold 2,500 shares of the company’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $99.18, for a total value of $247,950.00. Following the transaction, the chief financial officer now owns 18,546 shares of the company’s stock, valued at $1,839,392.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Maria Belousova sold 400 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $99.18, for a total transaction of $39,672.00. Following the completion of the transaction, the chief technology officer now directly owns 857 shares in the company, valued at approximately $84,997.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 329,351 shares of company stock worth $25,178,630. Insiders own 2.37% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new position in GrubHub in the third quarter valued at $105,000. QS Investors LLC bought a new position in GrubHub in the fourth quarter valued at $129,000. Bronfman E.L. Rothschild L.P. increased its stake in 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 acquiring an additional 885 shares during the last quarter. Comerica Bank bought a new position in GrubHub in the third quarter valued at $201,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in GrubHub in the fourth quarter valued at $202,000.
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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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