Stifel Nicolaus Downgrades GrubHub Inc. (GRUB) to Hold
GrubHub Inc. (NYSE:GRUB) was downgraded by equities research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
A number of other research firms also recently weighed in on GRUB. Canaccord Genuity increased their price objective on GrubHub from $42.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, September 27th. Vetr downgraded GrubHub from a “strong-buy” rating to a “buy” rating and set a $41.00 price objective for the company. in a report on Monday, August 22nd. Jefferies Group started coverage on GrubHub in a report on Tuesday, August 16th. They issued a “hold” rating for the company. Bank of America Corp. downgraded GrubHub from a “buy” rating to a “neutral” rating in a report on Friday, July 29th. Finally, Barclays PLC increased their price objective on GrubHub from $28.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, July 29th. Fourteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $33.68.
Shares of GrubHub (NYSE:GRUB) opened at 42.68 on Tuesday. GrubHub has a one year low of $17.77 and a one year high of $44.58. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 88.92 and a beta of 1.87. The stock has a 50 day moving average price of $40.67 and a 200-day moving average price of $31.43.
Institutional investors have recently made changes to their positions in the stock. Bridger Management LLC purchased a new position in GrubHub during the first quarter valued at approximately $41,602,000. State Street Corp boosted its position in GrubHub by 3.1% in the first quarter. State Street Corp now owns 1,251,105 shares of the company’s stock valued at $31,440,000 after buying an additional 37,963 shares in the last quarter. Geode Capital Management LLC boosted its position in GrubHub by 3.6% in the first quarter. Geode Capital Management LLC now owns 511,586 shares of the company’s stock valued at $12,856,000 after buying an additional 17,942 shares in the last quarter. Bayesian Capital Management LP purchased a new position in GrubHub during the first quarter valued at approximately $342,000. Finally, Logan Capital Management Inc. boosted its position in GrubHub by 42.4% in the first quarter. Logan Capital Management Inc. now owns 16,111 shares of the company’s stock valued at $405,000 after buying an additional 4,800 shares in the last quarter.
Grubhub Inc (Grubhub) is a provider of an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices.
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