GrubHub Inc (NASDAQ:GRUB) traded down 3.3% during mid-day trading on Monday . The stock traded as low as $30.81 and last traded at $31.00, with a volume of 971,260 shares. The stock had previously closed at $32.06.

Several equities research analysts have issued reports on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $26.00 price target (down from $30.00) on shares of GrubHub in a research note on Tuesday, June 14th. Mizuho reissued a “buy” rating and issued a $33.00 target price (up from $28.00) on shares of GrubHub in a research report on Wednesday, June 22nd. Wedbush began coverage on shares of GrubHub in a research report on Thursday. They issued an “outperform” rating and a $40.00 target price on the stock. Maxim Group began coverage on shares of GrubHub in a research report on Friday, June 3rd. They issued a “buy” rating and a $33.00 target price on the stock. Finally, Citigroup Inc. reissued a “buy” rating on shares of GrubHub in a research report on Wednesday, June 29th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $32.50.

The company has a market cap of $2.60 billion and a price-to-earnings ratio of 69.86. The stock has a 50 day moving average of $28.34 and a 200-day moving average of $24.52.

In other news, CEO Matthew M. Maloney sold 14,491 shares of the company’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $30.02, for a total transaction of $435,019.82. Following the completion of the transaction, the chief executive officer now directly owns 1,649 shares in the company, valued at $49,502.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Benjamin C. Spero sold 500,000 shares of the company’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $24.54, for a total value of $12,270,000.00. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have modified their holdings of GRUB. Eaton Vance Management acquired a new position in shares of GrubHub during the fourth quarter worth approximately $3,061,000. Immersion Capital LLP acquired a new position in shares of GrubHub during the fourth quarter worth approximately $46,795,000. Morgan Stanley raised its position in shares of GrubHub by 48.2% in the fourth quarter. Morgan Stanley now owns 5,549,598 shares of the company’s stock worth $134,300,000 after buying an additional 1,804,355 shares during the period. Barton Investment Management raised its position in shares of GrubHub by 26.4% in the fourth quarter. Barton Investment Management now owns 482,545 shares of the company’s stock worth $11,678,000 after buying an additional 100,800 shares during the period. Finally, Baillie Gifford & Co. raised its position in shares of GrubHub by 420.2% in the fourth quarter. Baillie Gifford & Co. now owns 8,262,641 shares of the company’s stock worth $199,956,000 after buying an additional 6,674,346 shares during the period.

Grubhub Inc (Grubhub) is a provider of an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices.

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