Argus assumed coverage on shares of GrubHub Inc. (NYSE:GRUB) in a research note released on Wednesday morning. The firm issued a buy rating on the stock.

Several other equities research analysts also recently issued reports on GRUB. Vetr upgraded shares of GrubHub from a hold rating to a buy rating and set a $40.00 target price for the company in a research note on Monday, August 15th. Monness Crespi & Hardt downgraded shares of GrubHub from a buy rating to a neutral rating in a research note on Friday, July 29th. Stifel Nicolaus raised their target price on shares of GrubHub from $32.00 to $45.00 and gave the company a buy rating in a research note on Friday, July 29th. Mizuho raised their price objective on shares of GrubHub from $33.00 to $45.00 and gave the stock a buy rating in a research report on Friday, July 29th. Finally, Wedbush assumed coverage on shares of GrubHub in a research report on Friday, July 8th. They set an outperform rating and a $40.00 price objective for the company. Fourteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $33.68.

Analyst Recommendations for GrubHub (NYSE:GRUB)

Shares of GrubHub (NYSE:GRUB) traded up 0.35% during trading on Wednesday, reaching $40.49. The company had a trading volume of 1,668,305 shares. The firm has a 50 day moving average price of $41.30 and a 200 day moving average price of $32.18. GrubHub has a 12 month low of $17.77 and a 12 month high of $44.58. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 84.35 and a beta of 1.87.

A number of large investors have recently modified their holdings of the company. Barclays PLC increased its stake in shares of GrubHub by 3.2% in the first quarter. Barclays PLC now owns 87,800 shares of the company’s stock valued at $2,196,000 after buying an additional 2,752 shares during the period. Logan Capital Management Inc. increased its stake in shares of 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 during the period. Bayesian Capital Management LP bought a new stake in shares of GrubHub during the first quarter valued at about $342,000. Geode Capital Management LLC increased its stake in shares of 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 during the period. Finally, State Street Corp increased its stake in shares of 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 during the period.

GrubHub Company Profile

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.

5 Day Chart for NYSE:GRUB

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