GrubHub Inc (GRUB) Research Coverage Started at Roth Capital
Research analysts at Roth Capital started coverage on shares of GrubHub Inc (NASDAQ:GRUB) in a research report issued on Monday. The firm set a “neutral” rating and a $44.00 price target on the stock. Roth Capital’s price objective suggests a potential upside of 7.74% from the company’s previous close.
A number of other research firms have also weighed in on GRUB. Morgan Stanley reaffirmed an “equal weight” rating and set a $26.00 target price (down previously from $30.00) on shares of GrubHub in a report on Tuesday, June 14th. Mizuho reaffirmed a “buy” rating and set a $33.00 target price (up previously from $28.00) on shares of GrubHub in a report on Wednesday, June 22nd. Citigroup Inc. reaffirmed a “buy” rating on shares of GrubHub in a report on Wednesday, June 29th. Wedbush assumed coverage on shares of GrubHub in a report on Thursday, July 7th. They set an “outperform” rating and a $40.00 target price on the stock. Finally, Zacks Investment Research raised shares of GrubHub from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Wednesday, July 13th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $40.00.
Shares of GrubHub (NASDAQ:GRUB) traded up 0.69% during trading on Monday, hitting $40.84. 1,453,181 shares of the stock were exchanged. GrubHub has a 52 week low of $17.77 and a 52 week high of $44.58. The stock’s 50 day moving average price is $41.10 and its 200 day moving average price is $31.81. The firm has a market capitalization of $3.48 billion and a price-to-earnings ratio of 85.08.
GrubHub (NASDAQ:GRUB) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The business earned $120.20 million during the quarter, compared to the consensus estimate of $114.13 million. During the same period last year, the firm earned $0.17 EPS. The business’s revenue for the quarter was up 36.6% on a year-over-year basis. On average, equities analysts predict that GrubHub will post $0.84 earnings per share for the current year.
In other news, CEO Matthew M. Maloney sold 700 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $40.00, for a total value of $28,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Stanley Chia sold 5,838 shares of the company’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $38.81, for a total transaction of $226,572.78. The disclosure for this sale can be found here.
Several large investors have recently made changes to their positions in GRUB. JPMorgan Chase & Co. boosted its stake in shares of GrubHub by 8.0% in the second quarter. JPMorgan Chase & Co. now owns 2,288,586 shares of the company’s stock worth $71,106,000 after buying an additional 169,633 shares during the period. Emerald Acquisition Ltd. acquired a new stake in shares of GrubHub during the second quarter worth about $21,899,000. DIAM Co. Ltd. boosted its stake in shares of GrubHub by 12.9% in the second quarter. DIAM Co. Ltd. now owns 43,976 shares of the company’s stock worth $1,342,000 after buying an additional 5,020 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of GrubHub by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 320,356 shares of the company’s stock worth $9,953,000 after buying an additional 13,879 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of GrubHub by 16.2% in the first quarter. TIAA CREF Investment Management LLC now owns 1,558,304 shares of the company’s stock worth $39,160,000 after buying an additional 217,357 shares during the period.
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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