Roth Capital Reiterates “$44.00” Price Target for GrubHub Inc (GRUB)
GrubHub Inc (NASDAQ:GRUB) received a $44.00 target price from investment analysts at Roth Capital in a research report issued to clients and investors on Wednesday. The firm presently has a a “hold” rating on the stock. Roth Capital’s price objective indicates a potential upside of 4.56% from the company’s previous close.
Other equities analysts have also issued research reports about the company. JMP Securities raised their price target on GrubHub from $35.00 to $45.00 and gave the stock a “market outperform” rating in a report on Friday, July 29th. Zacks Investment Research lowered GrubHub from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. Barclays PLC raised their price target on GrubHub from $28.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, July 29th. Mizuho reissued a “buy” rating and set a $33.00 price target on shares of GrubHub in a report on Wednesday, July 27th. Finally, Loop Capital reissued a “buy” rating and set a $46.00 price target on shares of GrubHub in a report on Tuesday. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $41.41.
GrubHub (NASDAQ:GRUB) traded down 0.178% during midday trading on Wednesday, reaching $42.005. The company’s stock had a trading volume of 949,882 shares. GrubHub has a 52 week low of $17.77 and a 52 week high of $44.58. The company’s 50-day moving average is $41.60 and its 200 day moving average is $32.74. The firm has a market capitalization of $3.58 billion and a P/E ratio of 87.510.
GrubHub (NASDAQ:GRUB) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. The company had revenue of $120.20 million for the quarter, compared to analysts’ expectations of $114.13 million. During the same period in the prior year, the business earned $0.17 EPS. The business’s quarterly revenue was up 36.6% compared to the same quarter last year. Analysts expect that GrubHub will post $0.84 earnings per share for the current fiscal year.
In other news, CEO Matthew M. Maloney sold 92,666 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $38.34, for a total transaction of $3,552,814.44. Following the completion of the transaction, the chief executive officer now directly owns 1,649 shares of the company’s stock, valued at approximately $63,222.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Benjamin C. Spero sold 1,968,007 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $38.84, for a total transaction of $76,437,391.88. The disclosure for this sale can be found here.
Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position 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. BlackRock Group LTD boosted its stake in GrubHub by 28.2% in the first quarter. BlackRock Group LTD now owns 38,003 shares of the company’s stock valued at $956,000 after buying an additional 8,357 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in GrubHub by 7.7% in the first quarter. JPMorgan Chase & Co. now owns 2,118,953 shares of the company’s stock valued at $53,250,000 after buying an additional 151,844 shares during the last quarter. BNP Paribas Arbitrage SA purchased a new stake in GrubHub during the second quarter valued at approximately $213,000. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in GrubHub by 9.0% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 138,151 shares of the company’s stock valued at $4,292,000 after buying an additional 11,363 shares during the last quarter.
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.
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