GrubHub (GRUB) Given Daily Coverage Optimism Rating of 0.19
Media headlines about GrubHub (NYSE:GRUB) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. GrubHub earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the information services provider an impact score of 45.1791041669885 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Maria Belousova Sells 28,761 Shares of GrubHub Inc (GRUB) Stock (americanbankingnews.com)
- GrubHub Inc (GRUB) Director Brian P. Mcandrews Sells 16,300 Shares (americanbankingnews.com)
- Labor Issues in the Gig Economy: Federal Court Concludes That GrubHub Delivery Drivers are Independent Contractors under California Law (natlawreview.com)
- Independent contractor ruling is ‘doubly big’ win for Grubhub – Staffing quote of the week (www2.staffingindustry.com)
- Grubhub Expands Partnership with Foursquare to Bring Restaurant Delivery to More Users Nationwide (finance.yahoo.com)
Several research analysts have issued reports on the company. Oppenheimer increased their price objective on GrubHub from $60.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Zacks Investment Research raised GrubHub from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Tuesday, January 9th. Barclays raised their price target on GrubHub from $45.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Stifel Nicolaus raised their price target on GrubHub from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Craig Hallum raised their price objective on GrubHub from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, eleven have issued 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 an average rating of “Buy” and an average target price of $74.07.
GrubHub (NYSE:GRUB) last issued its earnings results on Thursday, February 8th. The information services provider reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. GrubHub had a return on equity of 8.47% and a net margin of 14.49%. The firm had revenue of $205.10 million for the quarter, compared to the consensus estimate of $201.55 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The business’s quarterly revenue was up 49.2% compared to the same quarter last year. sell-side analysts forecast that GrubHub will post 1.26 earnings per share for the current fiscal year.
In other GrubHub news, CEO Matthew M. Maloney sold 15,637 shares of the business’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brian P. Mcandrews sold 16,300 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $88.27, for a total value of $1,438,801.00. Following the completion of the sale, the director now directly owns 1,250 shares of the company’s stock, valued at approximately $110,337.50. The disclosure for this sale can be found here. Insiders sold 376,523 shares of company stock worth $27,187,995 in the last 90 days. Corporate insiders own 2.37% of the company’s stock.
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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