GrubHub (GRUB) Stock Rating Lowered by Roth Capital

GrubHub (NYSE:GRUB) was downgraded by Roth Capital from a “buy” rating to a “neutral” rating in a research note issued on Monday.

Several other brokerages have also recently commented on GRUB. Canaccord Genuity set a $140.00 target price on GrubHub and gave the stock a “buy” rating in a report on Friday, October 26th. DA Davidson raised GrubHub from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $115.00 to $120.00 in a report on Friday, October 26th. They noted that the move was a valuation call. Stifel Nicolaus raised GrubHub from a “hold” rating to a “buy” rating and dropped their target price for the stock from $140.00 to $125.00 in a report on Friday, October 26th. ValuEngine cut GrubHub from a “strong-buy” rating to a “buy” rating in a report on Friday, October 26th. Finally, Argus dropped their target price on GrubHub from $170.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. GrubHub has an average rating of “Buy” and a consensus price target of $119.82.

GRUB opened at $86.08 on Monday. The company has a market cap of $7.81 billion, a PE ratio of 69.98, a price-to-earnings-growth ratio of 2.36 and a beta of 1.27. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.20. GrubHub has a twelve month low of $66.62 and a twelve month high of $149.35.

GrubHub (NYSE:GRUB) last released its quarterly earnings results on Thursday, February 7th. The information services provider reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. The company had revenue of $287.72 million for the quarter, compared to analysts’ expectations of $290.43 million. GrubHub had a return on equity of 8.43% and a net margin of 7.79%. The business’s revenue for the quarter was up 40.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 earnings per share. As a group, analysts anticipate that GrubHub will post 1.42 earnings per share for the current year.

In other GrubHub news, CTO Maria Belousova sold 819 shares of GrubHub stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $81.49, for a total transaction of $66,740.31. Following the transaction, the chief technology officer now directly owns 857 shares in the company, valued at approximately $69,836.93. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 9,801 shares of company stock worth $773,267. 1.59% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of GRUB. Ffcm LLC lifted its stake in shares of GrubHub by 3,086.2% in the 4th quarter. Ffcm LLC now owns 16,409 shares of the information services provider’s stock valued at $1,260,000 after purchasing an additional 15,894 shares during the last quarter. BlackRock Inc. lifted its stake in shares of GrubHub by 12.6% in the 4th quarter. BlackRock Inc. now owns 4,507,175 shares of the information services provider’s stock valued at $346,197,000 after purchasing an additional 502,745 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in GrubHub by 643.4% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,400 shares of the information services provider’s stock worth $742,000 after acquiring an additional 9,001 shares during the last quarter. LPL Financial LLC lifted its position in GrubHub by 38.0% during the 4th quarter. LPL Financial LLC now owns 12,477 shares of the information services provider’s stock worth $958,000 after acquiring an additional 3,433 shares during the last quarter. Finally, Toronto Dominion Bank acquired a new position in GrubHub during the 4th quarter worth $936,000. Hedge funds and other institutional investors own 92.63% of the company’s stock.

GrubHub Company Profile

GrubHub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.

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Analyst Recommendations for GrubHub (NYSE:GRUB)

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