GrubHub (GRUB) Earns “Outperform” Rating from Wedbush

Wedbush reissued their outperform rating on shares of GrubHub (NYSE:GRUB) in a report issued on Thursday morning. They currently have a $150.00 target price on the information services provider’s stock.

A number of other brokerages have also issued reports on GRUB. Argus boosted their target price on GrubHub from $150.00 to $170.00 and gave the company a buy rating in a research report on Friday, September 14th. They noted that the move was a valuation call. Zacks Investment Research lowered GrubHub from a buy rating to a hold rating in a research report on Friday, August 31st. Craig Hallum boosted their target price on GrubHub from $160.00 to $180.00 and gave the company a buy rating in a research report on Tuesday, September 18th. Canaccord Genuity reissued a buy rating and issued a $152.00 target price on shares of GrubHub in a research report on Friday, August 10th. Finally, Credit Suisse Group boosted their target price on GrubHub from $121.00 to $125.00 and gave the company a neutral rating in a research report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $129.95.

GRUB stock opened at $78.29 on Thursday. The company has a market cap of $7.10 billion, a PE ratio of 79.89, a PEG ratio of 2.43 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.31 and a current ratio of 2.31. GrubHub has a one year low of $65.14 and a one year high of $149.35.

GrubHub (NYSE:GRUB) last announced its earnings results on Thursday, October 25th. The information services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.14. The company had revenue of $247.23 million for the quarter, compared to analyst estimates of $238.19 million. GrubHub had a return on equity of 10.64% and a net margin of 14.83%. Analysts forecast that GrubHub will post 1.29 earnings per share for the current year.

In other GrubHub news, COO Stanley Chia sold 3,528 shares of the business’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $143.78, for a total value of $507,255.84. Following the completion of the transaction, the chief operating officer now owns 2,194 shares in the company, valued at $315,453.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Maria Belousova sold 3,368 shares of the business’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $92.79, for a total transaction of $312,516.72. Following the completion of the transaction, the insider now owns 857 shares of the company’s stock, valued at approximately $79,521.03. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,623 shares of company stock valued at $7,767,907. Insiders own 2.37% of the company’s stock.

Several large investors have recently bought and sold shares of GRUB. Advisory Services Network LLC grew its stake in shares of GrubHub by 287.6% during the third quarter. Advisory Services Network LLC now owns 969 shares of the information services provider’s stock worth $134,000 after purchasing an additional 719 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of GrubHub during the third quarter worth $146,000. Wakefield Asset Management LLLP acquired a new position in shares of GrubHub during the third quarter worth $172,000. Massey Quick Simon & CO. LLC acquired a new position in shares of GrubHub during the second quarter worth $147,000. Finally, OLD National Bancorp IN acquired a new position in shares of GrubHub during the third quarter worth $203,000. Institutional investors and hedge funds own 95.08% of the company’s stock.

About GrubHub

GrubHub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.

Featured Article: What does earnings per share mean?

Analyst Recommendations for GrubHub (NYSE:GRUB)

Receive News & Ratings for GrubHub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit