Bank of America Corp. upgraded shares of GrubHub Inc (NASDAQ:GRUB) from a neutral rating to a buy rating in a research note published on Thursday morning. The brokerage currently has $46.00 price target on the stock, up from their prior price target of $40.00.

Other equities research analysts also recently issued reports about the stock. JMP Securities raised their target price on shares of GrubHub from $35.00 to $45.00 and gave the company a market outperform rating in a research note on Friday, July 29th. Zacks Investment Research downgraded shares of GrubHub from a buy rating to a hold rating in a research note on Wednesday, September 28th. Barclays PLC raised their target price on shares of GrubHub from $28.00 to $38.00 and gave the company an equal weight rating in a research note on Friday, July 29th. Mizuho reaffirmed a buy rating and issued a $33.00 target price on shares of GrubHub in a research note on Wednesday, July 27th. Finally, Wedbush reaffirmed an outperform rating and issued a $47.00 target price (up from $40.00) on shares of GrubHub in a research note on Thursday, July 28th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $41.13.

GrubHub (NASDAQ:GRUB) traded up 1.26% during midday trading on Thursday, hitting $41.70. 1,053,743 shares of the stock were exchanged. GrubHub has a 1-year low of $17.77 and a 1-year high of $44.58. The stock has a market cap of $3.55 billion and a PE ratio of 86.88. The company’s 50 day moving average is $41.38 and its 200-day moving average is $32.25.

GrubHub (NASDAQ:GRUB) last announced its earnings results on Thursday, July 28th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The company earned $120.20 million during the quarter, compared to analysts’ expectations of $114.13 million. The company’s revenue for the quarter was up 36.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 earnings per share. On average, analysts expect that GrubHub will post $0.84 earnings per share for the current year.

In other news, CEO Matthew M. Maloney sold 139,491 shares of the business’s stock in a transaction on Monday, October 10th. The shares were sold at an average price of $40.81, for a total transaction of $5,692,627.71. Following the sale, the chief executive officer now owns 1,649 shares in the company, valued at approximately $67,295.69. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Matthew M. Maloney sold 14,491 shares of the business’s stock in a transaction on Monday, July 18th. The shares were sold at an average price of $29.97, for a total transaction of $434,295.27. Following the sale, the chief executive officer now owns 1,649 shares in the company, valued at approximately $49,420.53. The disclosure for this sale can be found here.

Several hedge funds have recently made changes to their positions in the stock. Societe Generale acquired a new stake in shares of GrubHub during the second quarter worth approximately $113,000. SG Americas Securities LLC acquired a new stake in shares of GrubHub during the second quarter worth approximately $113,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of GrubHub by 6.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,323 shares of the company’s stock worth $134,000 after buying an additional 269 shares during the period. Sei Investments Co. acquired a new stake in shares of GrubHub during the second quarter worth approximately $148,000. Finally, BlackRock Inc. boosted its stake in shares of 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 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 NASDAQ:GRUB

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