GrubHub Inc (GRUB) Research Coverage Started at Argus
Stock analysts at Argus started coverage on shares of GrubHub Inc (NASDAQ:GRUB) in a report issued on Wednesday. The firm set a “buy” rating on the stock.
A number of other brokerages also recently weighed in on GRUB. Zacks Investment Research downgraded shares of GrubHub from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Canaccord Genuity reaffirmed a “buy” rating and issued a $48.00 price target (up from $42.00) on shares of GrubHub in a research note on Tuesday, September 27th. Stifel Nicolaus downgraded shares of GrubHub from a “buy” rating to a “hold” rating and set a $45.00 price target for the company. in a research note on Tuesday, October 4th. Wedbush reaffirmed an “outperform” rating and issued a $47.00 price target on shares of GrubHub in a research note on Friday, September 16th. Finally, Morgan Stanley lifted their price target on shares of GrubHub from $31.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, September 12th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $40.00.
Shares of GrubHub (NASDAQ:GRUB) opened at 39.66 on Wednesday. GrubHub has a 12-month low of $17.77 and a 12-month high of $44.58. The firm has a market capitalization of $3.38 billion and a P/E ratio of 82.62. The firm’s 50-day moving average price is $41.24 and its 200-day moving average price is $32.12.
GrubHub (NASDAQ:GRUB) last announced its earnings results on Thursday, July 28th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $120.20 million for the quarter, compared to the consensus estimate of $114.13 million. During the same period in the prior year, the business earned $0.17 EPS. GrubHub’s quarterly revenue was up 36.6% on a year-over-year basis. Equities analysts predict that GrubHub will post $0.84 earnings per share for the current fiscal year.
In related news, CFO Adam Dewitt sold 5,000 shares of the business’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $40.77, for a total transaction of $203,850.00. Following the transaction, the chief financial officer now directly owns 5,500 shares in the company, valued at $224,235. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew M. Maloney sold 14,491 shares of the business’s stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $29.97, for a total transaction of $434,295.27. Following the transaction, the chief executive officer now owns 1,649 shares in the company, valued at $49,420.53. The disclosure for this sale can be found here.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC boosted its position in GrubHub by 16.2% in the first quarter. TIAA CREF Investment Management LLC now owns 1,558,304 shares of the company’s stock valued at $39,160,000 after buying an additional 217,357 shares during the period. BlackRock Inc. boosted its position in GrubHub by 133.5% in the first quarter. BlackRock Inc. now owns 4,927 shares of the company’s stock worth $124,000 after buying an additional 2,817 shares during the last quarter. BlackRock Group LTD boosted its position in GrubHub by 28.2% in the first quarter. BlackRock Group LTD now owns 38,003 shares of the company’s stock worth $956,000 after buying an additional 8,357 shares during the last quarter. JPMorgan Chase & Co. boosted its position in GrubHub by 7.7% in the first quarter. JPMorgan Chase & Co. now owns 2,118,953 shares of the company’s stock worth $53,250,000 after buying an additional 151,844 shares during the last quarter. Finally, BNP Paribas Arbitrage SA bought a new position in GrubHub during the second quarter worth $213,000.
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.
Receive News & Stock Ratings for GrubHub Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub Inc and related stocks with our FREE daily email newsletter.