Stifel Nicolaus upgraded shares of GrubHub Inc (NASDAQ:GRUB) from a hold rating to a buy rating in a research note issued to investors on Monday. Stifel Nicolaus currently has $46.00 price target on the stock.

GRUB has been the subject of several other reports. Zacks Investment Research downgraded GrubHub from a buy rating to a hold rating in a report on Tuesday, July 19th. Wedbush reissued an outperform rating and issued a $40.00 target price on shares of GrubHub in a report on Wednesday, July 20th. Cowen and Company reissued a market perform rating and issued a $26.00 target price (up previously from $22.00) on shares of GrubHub in a report on Wednesday, July 27th. Mizuho restated a buy rating and issued a $33.00 price target on shares of GrubHub in a research report on Wednesday, July 27th. Finally, Bank of America Corp. cut GrubHub from a buy rating to a neutral rating and set a $40.00 price target for the company. in a research report on Friday, July 29th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $42.06.

Analyst Recommendations for GrubHub (NASDAQ:GRUB)

Shares of GrubHub (NASDAQ:GRUB) opened at 36.39 on Monday. The firm has a market capitalization of $3.11 billion and a PE ratio of 66.16. The company has a 50-day moving average of $39.83 and a 200-day moving average of $34.68. GrubHub has a 1-year low of $17.77 and a 1-year high of $44.58.

GrubHub (NASDAQ:GRUB) last released its earnings results on Wednesday, October 26th. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. The firm had revenue of $123.50 million for the quarter, compared to analysts’ expectations of $118.36 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The firm’s quarterly revenue was up 44.1% on a year-over-year basis. Equities research analysts predict that GrubHub will post $0.91 EPS for the current fiscal year.

In other news, CEO Matthew M. Maloney sold 139,491 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $40.81, for a total value of $5,692,627.71. Following the completion of the sale, the chief executive officer now directly owns 1,649 shares in the company, valued at approximately $67,295.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Adam Dewitt sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $40.97, for a total value of $204,850.00. Following the completion of the sale, the chief financial officer now owns 5,500 shares of the company’s stock, valued at $225,335. The disclosure for this sale can be found here.

Several large investors have recently modified their holdings of GRUB. Cetera Investment Advisers purchased a new stake in shares of GrubHub during the third quarter worth $219,000. D. E. Shaw & Co. Inc. increased its stake in shares of GrubHub by 3,273.0% in the third quarter. D. E. Shaw & Co. Inc. now owns 947,936 shares of the company’s stock worth $40,751,000 after buying an additional 919,832 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of GrubHub during the third quarter worth $2,565,000. HBK Investments L P purchased a new stake in shares of GrubHub during the third quarter worth $1,182,000. Finally, Two Sigma Advisers LP bought a new position in shares of GrubHub during the third quarter worth approximately $615,000.

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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