Bank of America Corp. upgraded shares of GrubHub Inc. (NYSE:GRUB) from a neutral rating to a buy rating in a research note published on Thursday morning.

GRUB has been the subject of several other research reports. Maxim Group lowered shares of GrubHub from a buy rating to a hold rating in a report on Friday, July 29th. Vetr lowered shares of GrubHub from a buy rating to a hold rating and set a $31.52 price target for the company. in a report on Monday, June 20th. Wedbush boosted their price target on shares of GrubHub from $40.00 to $47.00 and gave the company an outperform rating in a report on Friday, July 29th. Barclays PLC boosted their price target on shares of GrubHub from $28.00 to $38.00 and gave the company an equal weight rating in a report on Friday, July 29th. Finally, Jefferies Group assumed coverage on shares of GrubHub in a report on Tuesday, August 16th. They issued a hold rating for the company. Fourteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $33.68.

Shares of GrubHub (NYSE:GRUB) traded up 0.87% during midday trading on Thursday, hitting $41.54. The stock had a trading volume of 1,339,793 shares. The stock has a 50-day moving average of $41.38 and a 200 day moving average of $32.25. The stock has a market cap of $3.54 billion, a PE ratio of 86.54 and a beta of 1.87. GrubHub has a 52 week low of $17.77 and a 52 week high of $44.58.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Logan Capital Management Inc. raised its position 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 worth $405,000 after buying an additional 4,800 shares during the last quarter. Bridger Management LLC purchased a new stake in shares of GrubHub during the first quarter worth $41,602,000. 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 worth $2,196,000 after buying an additional 2,752 shares during the period. Bayesian Capital Management LP purchased a new stake in shares of GrubHub during the first quarter worth $342,000. Finally, 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 worth $12,856,000 after buying an additional 17,942 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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