GrubHub Inc (GRUB) Receives Average Recommendation of “Buy” from Brokerages

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.

GrubHub (NYSE:GRUB) last posted its earnings results on Thursday, February 8th. The information services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.13. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. The firm had revenue of $205.10 million for the quarter, compared to the consensus estimate of $201.55 million. During the same period in the previous year, the firm posted $0.23 EPS. The business’s quarterly revenue was up 49.2% on a year-over-year basis. equities analysts forecast that GrubHub will post 0.89 EPS for the current year.

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.

Analyst Recommendations for GrubHub (NYSE:GRUB)

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