GrubHub Inc (GRUB) Receives Outperform Rating from Cowen and Company

Cowen and Company reaffirmed their outperform rating on shares of GrubHub Inc (NASDAQ:GRUB) in a research report sent to investors on Thursday morning. They currently have a $65.00 target price on the information services provider’s stock, up from their prior target price of $54.00.

Several other research analysts also recently commented on GRUB. Canaccord Genuity reissued a buy rating and set a $50.00 price target on shares of GrubHub in a research note on Thursday, August 10th. Stifel Nicolaus reissued a buy rating and set a $53.00 price target (up from $50.00) on shares of GrubHub in a research note on Wednesday, August 9th. BidaskClub raised shares of GrubHub from a hold rating to a buy rating in a research note on Wednesday, August 9th. DA Davidson began coverage on shares of GrubHub in a research note on Wednesday, September 13th. They set a neutral rating and a $48.00 price target on the stock. Finally, Deutsche Bank AG downgraded shares of GrubHub from a buy rating to a hold rating in a research note on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. GrubHub presently has an average rating of Hold and an average price target of $51.21.

Shares of GrubHub (NASDAQ:GRUB) opened at 53.56 on Thursday. GrubHub has a 12-month low of $32.43 and a 12-month high of $57.61. The company has a market capitalization of $4.63 billion and a price-to-earnings ratio of 78.76. The firm’s 50-day moving average is $54.00 and its 200-day moving average is $43.79.

GrubHub (NASDAQ:GRUB) last posted its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. The firm had revenue of $158.79 million for the quarter, compared to the consensus estimate of $158.13 million. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. On average, equities analysts predict that GrubHub will post $1.10 EPS for the current year.

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In other news, CFO Adam Dewitt sold 5,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $55.90, for a total transaction of $279,500.00. Following the sale, the chief financial officer now owns 21,484 shares in the company, valued at approximately $1,200,955.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Maria Belousova sold 21,530 shares of the business’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $46.69, for a total transaction of $1,005,235.70. Following the sale, the insider now owns 21,530 shares in the company, valued at approximately $1,005,235.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 403,318 shares of company stock worth $21,086,896.

Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in shares of GrubHub by 6.4% during the 2nd 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. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of GrubHub by 11.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after buying an additional 285 shares in the last quarter. Fortaleza Asset Management Inc. bought a new stake in shares of GrubHub during the 2nd quarter valued at $146,000. Chicago Partners Investment Group LLC bought a new stake in shares of GrubHub during the 2nd quarter valued at $154,000. Finally, Westfield Capital Management Co. LP bought a new stake in shares of GrubHub during the 2nd quarter valued at $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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