Shares of GrubHub Inc (NYSE:GRUB) have earned an average rating of “Buy” from the twenty-nine research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, fourteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $67.92.
A number of analysts have recently weighed in on the stock. UBS Group downgraded shares of GrubHub from an “outperform” rating to a “market perform” rating in a report on Monday. Raymond James Financial restated a “market perform” rating on shares of GrubHub in a report on Monday. Stifel Nicolaus boosted their target price on shares of GrubHub from $63.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday. DA Davidson reiterated a “hold” rating and set a $65.00 price target on shares of GrubHub in a report on Thursday, February 1st. They noted that the move was a valuation call. Finally, Canaccord Genuity reiterated a “buy” rating and set a $100.00 price target on shares of GrubHub in a report on Thursday.
Shares of GrubHub (GRUB) opened at $89.04 on Friday. GrubHub has a fifty-two week low of $32.43 and a fifty-two week high of $94.89. The firm has a market cap of $7,720.00, a PE ratio of 130.94, a PEG ratio of 2.78 and a beta of 1.54.
In related news, SVP Margo Drucker sold 1,237 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $71.87, for a total transaction of $88,903.19. Following the completion of the sale, the senior vice president now owns 892 shares of the company’s stock, valued at $64,108.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew M. Maloney sold 18,750 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $75.18, for a total transaction of $1,409,625.00. The disclosure for this sale can be found here. Insiders have sold 325,212 shares of company stock valued at $22,721,729 in the last three months. 2.37% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its stake in 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 purchasing an additional 148 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in GrubHub by 8.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,544 shares of the information services provider’s stock valued at $329,000 after purchasing an additional 567 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in GrubHub by 53.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,533 shares of the information services provider’s stock valued at $182,000 after purchasing an additional 885 shares in the last quarter. First Mercantile Trust Co. increased its stake in shares of GrubHub by 12.3% in the fourth quarter. First Mercantile Trust Co. now owns 8,601 shares of the information services provider’s stock worth $617,000 after acquiring an additional 942 shares during the period. Finally, Strs Ohio increased its stake in shares of GrubHub by 8.3% in the third quarter. Strs Ohio now owns 14,300 shares of the information services provider’s stock worth $753,000 after acquiring an additional 1,100 shares during the period.
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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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