GrubHub Inc (NASDAQ:GRUB) fell 3.3% 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 research firms have recently weighed in on GRUB. Wedbush began coverage on shares of GrubHub in a research report on Thursday, July 7th. They set an “outperform” rating and a $40.00 price objective for the company. Mizuho reiterated a “buy” rating and set a $33.00 price objective (up from $28.00) on shares of GrubHub in a research report on Wednesday, June 22nd. Citigroup Inc. reiterated a “buy” rating on shares of GrubHub in a research report on Wednesday, June 29th. Monness Crespi & Hardt upgraded shares of GrubHub from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Monday, June 6th. Finally, Brean Capital began coverage on shares of GrubHub in a research report on Saturday, June 4th. They set a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $32.50.

The company has a 50 day moving average price of $28.81 and a 200-day moving average price of $24.60. The company has a market capitalization of $2.59 billion and a price-to-earnings ratio of 69.45.

In other news, CEO Matthew M. Maloney sold 39,576 shares of the business’s stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $30.04, for a total value of $1,188,863.04. Following the completion of the sale, the chief executive officer now directly owns 19,788 shares in the company, valued at approximately $594,431.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Adam Dewitt sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $29.99, for a total transaction of $149,950.00. Following the completion of the sale, the chief financial officer now owns 5,500 shares of the company’s stock, valued at $164,945. The disclosure for this sale can be found here.

Other large investors have made changes to their positions in the company. Eaton Vance Management purchased a new stake in GrubHub during the fourth quarter worth approximately $3,061,000. Immersion Capital LLP purchased a new stake in GrubHub during the fourth quarter worth approximately $46,795,000. Morgan Stanley raised its stake in 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 in the last quarter. Barton Investment Management raised its stake in 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 in the last quarter. Finally, Baillie Gifford & Co. raised its stake in 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 in the last quarter.

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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