GrubHub Inc (NASDAQ:GRUB)‘s stock had its “outperform” rating restated by stock analysts at Wedbush in a report issued on Monday. They presently have a $47.00 price target on the stock. Wedbush’s target price points to a potential upside of 11.69% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. JMP Securities upped their price objective on GrubHub from $35.00 to $45.00 and gave the company a “market outperform” rating in a research report on Friday, July 29th. Zacks Investment Research cut GrubHub from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Barclays PLC upped their price objective on GrubHub from $28.00 to $38.00 and gave the company an “equal weight” rating in a research 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, Morgan Stanley increased their price target on GrubHub from $31.00 to $36.00 and gave the company an “equal weight” rating in a report on Monday, September 12th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $41.41.

Analyst Recommendations for GrubHub (NASDAQ:GRUB)

GrubHub (NASDAQ:GRUB) opened at 42.08 on Monday. GrubHub has a 12-month low of $17.77 and a 12-month high of $44.58. The company has a market cap of $3.59 billion and a price-to-earnings ratio of 87.67. The stock has a 50 day moving average price of $41.60 and a 200-day moving average price of $32.74.

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

In other GrubHub news, CFO Adam Dewitt sold 5,000 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $39.14, for a total value of $195,700.00. Following the completion of the sale, the chief financial officer now owns 5,500 shares in the company, valued at approximately $215,270. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Margo Drucker sold 1,054 shares of the stock in a transaction on Friday, October 14th. The stock was sold at an average price of $41.58, for a total value of $43,825.32. Following the completion of the sale, the senior vice president now owns 1,554 shares of the company’s stock, valued at approximately $64,615.32. The disclosure for this sale can be found here.

Large investors have recently modified their holdings of the company. Caledonia Private Investments Pty Ltd raised its stake in shares of GrubHub by 6.7% in the second quarter. Caledonia Private Investments Pty Ltd now owns 9,393,840 shares of the company’s stock worth $291,867,000 after buying an additional 587,561 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of GrubHub by 3.5% in the second quarter. Vanguard Group Inc. now owns 5,829,681 shares of the company’s stock worth $181,127,000 after buying an additional 195,547 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of GrubHub by 8.0% in the second quarter. JPMorgan Chase & Co. now owns 2,288,586 shares of the company’s stock worth $71,106,000 after buying an additional 169,633 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of GrubHub by 7.1% in the second quarter. BlackRock Fund Advisors now owns 1,942,749 shares of the company’s stock worth $60,361,000 after buying an additional 129,121 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of GrubHub by 1.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,899,850 shares of the company’s stock worth $59,028,000 after buying an additional 24,661 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.

5 Day Chart for NASDAQ:GRUB

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