GrubHub Inc (NASDAQ:GRUB)‘s stock had its “outperform” rating reaffirmed by research analysts at Wedbush in a research report issued on Tuesday. They presently have a $60.00 price objective on the information services provider’s stock, down from their previous price objective of $63.00. Wedbush’s price objective would suggest a potential upside of 15.91% from the company’s previous close. Wedbush also issued estimates for GrubHub’s FY2017 earnings at $0.83 EPS.

A number of other equities research analysts have also issued reports on the stock. Pacific Crest reissued an “overweight” rating and issued a $50.00 price objective on shares of GrubHub in a report on Wednesday, June 28th. Stifel Nicolaus reissued a “buy” rating and issued a $53.00 price objective (up previously from $50.00) on shares of GrubHub in a report on Wednesday, August 9th. Craig Hallum initiated coverage on shares of GrubHub in a report on Monday. They issued a “buy” rating and a $70.00 price objective for the company. DA Davidson initiated coverage on shares of GrubHub in a report on Wednesday, September 13th. They issued a “neutral” rating and a $48.00 price objective for the company. Finally, Cowen and Company reissued an “outperform” rating and issued a $65.00 price objective (up previously from $54.00) on shares of GrubHub in a report on Thursday, September 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $53.42.

Shares of GrubHub (NASDAQ:GRUB) opened at 51.61 on Tuesday. The stock has a 50 day moving average of $54.42 and a 200 day moving average of $44.19. The company has a market cap of $4.46 billion and a price-to-earnings ratio of 75.90. GrubHub has a 12-month low of $32.43 and a 12-month high of $57.61.

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

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In other news, insider Barbara Martin Coppola sold 2,916 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $55.97, for a total transaction of $163,208.52. Following the sale, the insider now owns 11,559 shares of the company’s stock, valued at $646,957.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Adam Dewitt sold 3,722 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $43.80, for a total transaction of $163,023.60. Following the sale, the chief financial officer now directly owns 26,627 shares in the company, valued at approximately $1,166,262.60. The disclosure for this sale can be found here. Insiders have sold 390,380 shares of company stock worth $20,528,502 in the last three months.

Several institutional investors and hedge funds have recently modified their holdings of the company. Lord Abbett & CO. LLC acquired a new stake in shares of GrubHub during the second quarter worth about $19,789,000. Koch Industries Inc. acquired a new stake in shares of GrubHub during the second quarter worth about $456,000. Ameritas Investment Partners Inc. lifted its position in shares of GrubHub by 8.1% during the second quarter. Ameritas Investment Partners Inc. now owns 7,544 shares of the information services provider’s stock worth $329,000 after purchasing an additional 567 shares in the last quarter. Caledonia Private Investments Pty Ltd lifted its position in shares of GrubHub by 3.4% during the second quarter. Caledonia Private Investments Pty Ltd now owns 9,911,910 shares of the information services provider’s stock worth $432,159,000 after purchasing an additional 329,401 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of GrubHub by 5.4% during the second quarter. The Manufacturers Life Insurance Company now owns 69,758 shares of the information services provider’s stock worth $3,041,000 after purchasing an additional 3,580 shares in the last quarter.

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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