GrubHub Inc (NASDAQ:GRUB) had its price objective upped by analysts at Bank of America Corporation from $54.00 to $64.00 in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the information services provider’s stock. Bank of America Corporation’s price target would suggest a potential upside of 12.78% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Roth Capital reaffirmed a “buy” rating on shares of GrubHub in a research report on Monday, May 22nd. Pacific Crest reissued an “overweight” rating and issued a $50.00 price target on shares of GrubHub in a report on Wednesday, June 28th. Stifel Nicolaus reissued a “buy” rating and issued a $53.00 price target (up previously from $50.00) on shares of GrubHub in a report on Wednesday, August 9th. Wedbush set a $50.00 price target on GrubHub and gave the stock a “buy” rating in a report on Monday, June 19th. Finally, Wells Fargo & Company initiated coverage on GrubHub in a report on Thursday, June 15th. They issued a “market perform” rating and a $45.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $50.74.

GrubHub (NASDAQ GRUB) opened at 56.75 on Tuesday. The company has a market cap of $4.90 billion and a PE ratio of 83.46. The company has a 50-day moving average of $52.04 and a 200-day moving average of $42.93. GrubHub has a 52 week low of $32.43 and a 52 week high of $57.29.

GrubHub (NASDAQ:GRUB) last issued its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. GrubHub had a return on equity of 5.84% and a net margin of 9.29%. The company had revenue of $158.79 million for the quarter, compared to the consensus estimate of $158.13 million. On average, equities analysts expect that GrubHub will post $1.10 EPS for the current year.

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In other news, CFO Adam Dewitt sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $45.00, for a total value of $135,000.00. Following the completion of the sale, the chief financial officer now directly owns 27,557 shares in the company, valued at $1,240,065. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew M. Maloney sold 6,250 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $44.69, for a total value of $279,312.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 403,318 shares of company stock valued at $20,960,433.

Institutional investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. purchased a new stake in shares of GrubHub in the first quarter valued at approximately $531,000. Geneva Advisors LLC purchased a new stake in shares of GrubHub in the second quarter valued at approximately $622,000. Tudor Investment Corp ET AL purchased a new stake in shares of GrubHub in the first quarter valued at approximately $949,000. EULAV Asset Management increased its position in shares of GrubHub by 35.8% in the first quarter. EULAV Asset Management now owns 220,000 shares of the information services provider’s stock valued at $7,236,000 after buying an additional 58,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of GrubHub by 4.3% in the first quarter. Vanguard Group Inc. now owns 6,748,946 shares of the information services provider’s stock valued at $221,973,000 after buying an additional 281,024 shares in the last quarter.

About GrubHub

Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.

Analyst Recommendations for GrubHub (NASDAQ:GRUB)

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