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.
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