Brokers Set Expectations for GrubHub Inc’s FY2019 Earnings (GRUB)

GrubHub Inc (NYSE:GRUB) – Stock analysts at Jefferies Group issued their FY2019 earnings per share estimates for GrubHub in a report released on Monday. Jefferies Group analyst G. Thorne forecasts that the information services provider will post earnings of $1.57 per share for the year.

Several other brokerages have also recently issued reports on GRUB. Stifel Nicolaus reissued a “buy” rating and issued a $53.00 target price on shares of GrubHub in a research report on Wednesday, October 4th. Wedbush reissued an “outperform” rating and issued a $60.00 target price (down from $63.00) on shares of GrubHub in a research report on Tuesday, September 26th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $68.00 price objective (up from $58.00) on shares of GrubHub in a research report on Monday. Monness Crespi & Hardt lifted their price objective on GrubHub from $35.00 to $42.00 and gave the company a “sell” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research raised GrubHub from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $62.61.

Shares of GrubHub (NYSE GRUB) traded down $2.63 during trading hours on Wednesday, reaching $66.53. The company’s stock had a trading volume of 2,626,459 shares, compared to its average volume of 1,624,314. The stock has a market capitalization of $5,760.00, a PE ratio of 97.84, a price-to-earnings-growth ratio of 3.15 and a beta of 1.67. GrubHub has a fifty-two week low of $32.43 and a fifty-two week high of $74.81.

GrubHub (NYSE:GRUB) last released its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. The company had revenue of $163.10 million during the quarter, compared to the consensus estimate of $159.63 million. GrubHub had a return on equity of 7.45% and a net margin of 9.60%. GrubHub’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period last year, the company earned $0.23 EPS.

In related news, SVP Margo Drucker sold 1,620 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $60.98, for a total transaction of $98,787.60. Following the completion of the sale, the senior vice president now directly owns 892 shares in the company, valued at approximately $54,394.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew M. Maloney sold 56,250 shares of the company’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $71.09, for a total value of $3,998,812.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 442,393 shares of company stock valued at $28,330,028. 2.37% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new position in shares of GrubHub in the third quarter valued at about $105,000. PNC Financial Services Group Inc. increased its holdings 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 purchasing an additional 148 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of GrubHub by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after purchasing an additional 285 shares during the period. Asset Dedication LLC acquired a new position in shares of GrubHub in the third quarter valued at about $165,000. Finally, Comerica Bank acquired a new position in shares of GrubHub in the third quarter valued at about $201,000.

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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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