DA Davidson initiated coverage on shares of GrubHub Inc (NASDAQ:GRUB) in a research report issued to clients and investors on Wednesday. The brokerage set a “neutral” rating on the information services provider’s stock.

Several other brokerages have also issued reports on GRUB. Deutsche Bank AG lowered GrubHub from a “buy” rating to a “hold” rating in a report on Tuesday. Bank of America Corporation lifted their price target on GrubHub from $54.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday, September 5th. KeyCorp reiterated a “buy” rating and set a $62.00 price target (up from $56.00) on shares of GrubHub in a report on Wednesday, September 6th. Zacks Investment Research lowered GrubHub from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $53.00 price target (up from $50.00) on shares of GrubHub in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $50.87.

GrubHub (NASDAQ GRUB) traded up 0.25% during mid-day trading on Wednesday, reaching $56.18. 3,264,763 shares of the company were exchanged. The company has a market cap of $4.85 billion and a P/E ratio of 82.62. The stock’s 50-day moving average is $53.29 and its 200-day moving average is $43.49. GrubHub has a 12 month low of $32.43 and a 12 month high of $57.61.

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

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In other news, COO Stanley Chia sold 837 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $43.54, for a total transaction of $36,442.98. Following the sale, the chief operating officer now directly owns 1,215 shares in the company, valued at $52,901.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Matthew M. Maloney sold 88,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $55.83, for a total value of $4,913,040.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 411,568 shares of company stock worth $21,454,308.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geneva Advisors LLC bought a new stake in shares of GrubHub during the second quarter valued at approximately $622,000. Oppenheimer & Co. Inc. bought a new stake in shares of GrubHub during the first quarter valued at approximately $531,000. Tudor Investment Corp ET AL bought a new stake in shares of GrubHub during the first quarter valued at approximately $949,000. EULAV Asset Management increased its position in shares of GrubHub by 35.8% during the first quarter. EULAV Asset Management now owns 220,000 shares of the information services provider’s stock valued at $7,236,000 after purchasing an additional 58,000 shares during the period. Finally, River & Mercantile Asset Management LLP increased its position in shares of GrubHub by 86.1% during the second quarter. River & Mercantile Asset Management LLP now owns 70,814 shares of the information services provider’s stock valued at $3,086,000 after purchasing an additional 32,764 shares during the period.

GrubHub Company Profile

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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