Roth Capital Analysts Give GrubHub Inc (NASDAQ:GRUB) a $55.00 Price Target

Roth Capital set a $55.00 price objective on GrubHub Inc (NASDAQ:GRUB) in a report issued on Monday, July 31st. The firm currently has a buy rating on the information services provider’s stock.

GRUB has been the subject of several other reports. Maxim Group reiterated a hold rating on shares of GrubHub in a research note on Thursday, April 20th. Zacks Investment Research cut shares of GrubHub from a buy rating to a hold rating in a report on Wednesday, June 28th. Wedbush reissued an outperform rating and set a $47.00 target price on shares of GrubHub in a report on Wednesday, April 19th. Oppenheimer Holdings, Inc. raised their target price on shares of GrubHub from $42.00 to $48.00 and gave the stock an outperform rating in a report on Friday, April 28th. Finally, Wells Fargo & Company began coverage on shares of GrubHub in a report on Thursday, June 15th. They set a market perform rating and a $45.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. GrubHub presently has a consensus rating of Buy and an average target price of $48.87.

GrubHub (NASDAQ:GRUB) opened at 53.87 on Monday. The company has a market cap of $4.65 billion and a price-to-earnings ratio of 79.22. The firm has a 50-day moving average price of $48.28 and a 200 day moving average price of $41.49. GrubHub has a one year low of $32.43 and a one year high of $57.26.

GrubHub (NASDAQ:GRUB) last posted its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. The business had revenue of $158.79 million during the quarter, compared to the consensus estimate of $158.13 million. Equities analysts expect that GrubHub will post $1.10 earnings per share for the current fiscal year.

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In related news, insider Maria Belousova sold 1,545 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $43.90, for a total transaction of $67,825.50. Following the sale, the insider now directly owns 1,042 shares of the company’s stock, valued at approximately $45,743.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew M. Maloney sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $44.57, for a total transaction of $278,562.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 289,592 shares of company stock worth $14,500,728.

Large investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its stake in shares of GrubHub by 65.4% in the fourth quarter. AQR Capital Management LLC now owns 42,975 shares of the information services provider’s stock worth $1,617,000 after buying an additional 16,997 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of GrubHub by 31.8% in the fourth quarter. Teachers Advisors LLC now owns 421,799 shares of the information services provider’s stock worth $15,868,000 after buying an additional 101,839 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of GrubHub by 30.8% in the fourth quarter. Macquarie Group Ltd. now owns 530,903 shares of the information services provider’s stock worth $19,973,000 after buying an additional 125,021 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of GrubHub by 35.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 161,999 shares of the information services provider’s stock worth $5,328,000 after buying an additional 42,010 shares in the last quarter. Finally, Juncture Wealth Strategies LLC purchased a new stake in shares of GrubHub during the first quarter worth approximately $234,000.

About GrubHub

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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