GrubHub Inc (NASDAQ:GRUB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “GrubHub Inc. is an online and mobile food ordering company. The Company’s platform assists diners in searching for local restaurant, tracking the order and re-order for convenience. It operates within the United States and the United Kingdom. GrubHub Inc. is based in United States. “

A number of other equities analysts have also commented on the stock. Wedbush set a $55.00 price target on shares of GrubHub and gave the stock a “buy” rating in a report on Friday, August 4th. Stifel Nicolaus set a $53.00 price target on shares of GrubHub and gave the stock a “buy” rating in a report on Thursday, August 3rd. Roth Capital set a $55.00 price target on shares of GrubHub and gave the stock a “buy” rating in a report on Monday, July 31st. Credit Suisse Group AG set a $50.00 price target on shares of GrubHub and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $50.00 price target (up previously from $47.00) on shares of GrubHub in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $53.67.

GrubHub (NASDAQ GRUB) traded down 0.88% on Wednesday, reaching $51.52. The company’s stock had a trading volume of 1,050,700 shares. The firm’s 50 day moving average is $54.28 and its 200-day moving average is $45.63. GrubHub has a 12 month low of $32.43 and a 12 month high of $57.61. The firm has a market cap of $4.45 billion and a P/E ratio of 75.76.

GrubHub (NASDAQ:GRUB) last issued its earnings results 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 net margin of 9.29% and a return on equity of 5.84%. The firm had revenue of $158.79 million for the quarter, compared to analyst estimates of $158.13 million. On average, equities research analysts anticipate that GrubHub will post $1.09 EPS for the current year.

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In other GrubHub news, CEO Matthew M. Maloney sold 6,250 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $46.06, for a total value of $287,875.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Margo Drucker sold 1,736 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $52.92, for a total transaction of $91,869.12. Following the completion of the transaction, the senior vice president now owns 891 shares in the company, valued at $47,151.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 389,723 shares of company stock worth $20,612,266.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its stake in GrubHub by 6.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock valued at $108,000 after acquiring an additional 148 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in GrubHub by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after acquiring an additional 285 shares during the last quarter. Fortaleza Asset Management Inc. purchased a new position in GrubHub in the second quarter valued at about $146,000. Chicago Partners Investment Group LLC purchased a new position in GrubHub in the second quarter valued at about $154,000. Finally, Westfield Capital Management Co. LP purchased a new position in GrubHub in the second quarter valued at about $253,000.

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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