GrubHub’s (GRUB) “Buy” Rating Reaffirmed at Cowen

GrubHub (NYSE:GRUB)‘s stock had its “buy” rating restated by equities research analysts at Cowen in a research note issued on Friday. They presently have a $96.00 target price on the information services provider’s stock. Cowen’s price target would indicate a potential upside of 10.79% from the company’s current price.

Several other brokerages have also commented on GRUB. Roth Capital raised their price objective on GrubHub from $65.00 to $78.00 and gave the company a “buy” rating in a report on Monday. Mizuho set a $98.00 price objective on GrubHub and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Co reissued a “market perform” rating and issued a $68.00 price objective (up from $58.00) on shares of GrubHub in a report on Monday, January 8th. Goldman Sachs Group raised their price objective on GrubHub from $80.00 to $115.00 and gave the company a “buy” rating in a report on Friday. Finally, Monness Crespi & Hardt raised their price objective on GrubHub from $35.00 to $42.00 and gave the company a “sell” rating in a report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $74.46.

Shares of GrubHub (GRUB) traded down $2.39 on Friday, reaching $86.65. The company’s stock had a trading volume of 4,410,645 shares, compared to its average volume of 1,972,802. GrubHub has a one year low of $32.43 and a one year high of $94.89. The firm has a market capitalization of $6,060.82, a price-to-earnings ratio of 126.80, a P/E/G ratio of 2.78 and a beta of 1.54.

GrubHub (NYSE:GRUB) last issued its quarterly earnings data on Thursday, February 8th. The information services provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.24 by $0.07. GrubHub had a return on equity of 7.45% and a net margin of 9.60%. The company had revenue of $205.10 million for the quarter, compared to analyst estimates of $201.55 million. During the same period last year, the company earned $0.23 earnings per share. GrubHub’s quarterly revenue was up 49.2% compared to the same quarter last year. research analysts predict that GrubHub will post 0.89 EPS for the current year.

In related news, CEO Matthew M. Maloney sold 15,637 shares of GrubHub stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $64.16, for a total transaction of $1,003,269.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew M. Maloney sold 18,750 shares of GrubHub stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $75.18, for a total value of $1,409,625.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 325,212 shares of company stock worth $22,721,729. 2.37% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of GRUB. Ameriprise Financial Inc. raised its position in GrubHub by 172.2% in the second quarter. Ameriprise Financial Inc. now owns 41,914 shares of the information services provider’s stock valued at $1,828,000 after purchasing an additional 26,515 shares during the period. PNC Financial Services Group Inc. raised its position in 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. UBS Asset Management Americas Inc. raised its position in GrubHub by 13.3% in the second quarter. UBS Asset Management Americas Inc. now owns 45,281 shares of the information services provider’s stock valued at $1,974,000 after purchasing an additional 5,318 shares during the period. California Public Employees Retirement System raised its position in GrubHub by 2.2% in the second quarter. California Public Employees Retirement System now owns 158,100 shares of the information services provider’s stock valued at $6,893,000 after purchasing an additional 3,400 shares during the period. Finally, Advisor Group Inc. raised its position in GrubHub by 6,155.8% in the second quarter. Advisor Group Inc. now owns 5,943 shares of the information services provider’s stock valued at $259,000 after purchasing an additional 5,848 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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