Oppenheimer Raises GrubHub (GRUB) Price Target to $100.00
GrubHub (NYSE:GRUB) had its price objective lifted by Oppenheimer to $100.00 in a research report released on Friday morning. The firm currently has an outperform rating on the information services provider’s stock.
Several other analysts also recently issued reports on the company. Cowen restated a buy rating and issued a $96.00 price objective on shares of GrubHub in a research report on Friday. Goldman Sachs Group upped their price objective on GrubHub from $80.00 to $115.00 and gave the company a buy rating in a research report on Friday. Credit Suisse Group set a $80.00 price objective on GrubHub and gave the company a hold rating in a research report on Friday. Mizuho set a $98.00 price objective on GrubHub and gave the company a buy rating in a research report on Thursday, February 8th. Finally, Morgan Stanley restated a positive rating and issued a $100.00 price objective (up from $77.00) on shares of GrubHub in a research report on Friday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $75.70.
Shares of GrubHub (NYSE GRUB) opened at $86.70 on Friday. GrubHub has a 12-month low of $32.43 and a 12-month high of $94.89. The stock has a market capitalization of $7,520.00, a price-to-earnings ratio of 77.41, a PEG ratio of 3.06 and a beta of 1.54.
In other news, CEO Matthew M. Maloney sold 15,637 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $64.16, for a total value of $1,003,269.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Matthew M. Maloney sold 18,750 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $75.18, for a total value of $1,409,625.00. The disclosure for this sale can be found here. Insiders have sold 325,212 shares of company stock worth $22,721,729 over the last quarter. 2.37% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in GRUB. Cubist Systematic Strategies LLC acquired a new stake in shares of GrubHub in the third quarter valued at about $105,000. PNC Financial Services Group Inc. grew its stake in shares of 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 buying an additional 148 shares in the last quarter. Asset Dedication LLC acquired a new stake in shares of GrubHub in the third quarter valued at about $165,000. Bronfman E.L. Rothschild L.P. grew its stake in shares of GrubHub by 53.7% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,533 shares of the information services provider’s stock valued at $182,000 after buying an additional 885 shares in the last quarter. Finally, BT Investment Management Ltd acquired a new stake in shares of GrubHub in the third quarter valued at about $195,000.
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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.
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