GrubHub Inc (NASDAQ:GRUB) shares saw an uptick in trading volume on Monday . 1,303,878 shares changed hands during trading, a decline of 26% from the previous session’s volume of 1,768,929 shares.The stock last traded at $30.30 and had previously closed at $29.80.

Several research firms have recently commented on GRUB. Brean Capital began coverage on shares of GrubHub in a research note on Saturday, June 4th. They set a “buy” rating for the company. 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 note on Monday, June 6th. Morgan Stanley reiterated an “equal weight” rating and set a $26.00 price objective (down from $30.00) on shares of GrubHub in a research note on Tuesday, June 14th. Zacks Investment Research upgraded shares of GrubHub from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Wednesday, July 13th. Finally, Wedbush began coverage on shares of GrubHub in a research note on Thursday, July 7th. They set an “outperform” rating and a $40.00 price objective for the company. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $32.71.

The stock’s 50-day moving average price is $29.50 and its 200-day moving average price is $24.77. The firm has a market capitalization of $2.60 billion and a P/E ratio of 69.70.

In other GrubHub news, CFO Adam Dewitt sold 5,000 shares of the stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $28.33, for a total value of $141,650.00. Following the sale, the chief financial officer now directly owns 5,500 shares of the company’s stock, valued at approximately $155,815. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Margo Drucker sold 5,271 shares of the stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $29.88, for a total transaction of $157,497.48. Following the completion of the sale, the senior vice president now directly owns 5,771 shares in the company, valued at $172,437.48. The disclosure for this sale can be found here.

Several large investors have recently made changes to their positions in GRUB. California State Teachers Retirement System increased its stake in shares of GrubHub by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 139,313 shares of the company’s stock worth $3,371,000 after buying an additional 2,194 shares in the last quarter. Rhumbline Advisers increased its stake in shares of GrubHub by 8.2% in the fourth quarter. Rhumbline Advisers now owns 71,522 shares of the company’s stock worth $1,731,000 after buying an additional 5,430 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of GrubHub by 6.5% in the fourth quarter. California Public Employees Retirement System now owns 220,600 shares of the company’s stock worth $5,339,000 after buying an additional 13,400 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of GrubHub by 15.9% in the fourth quarter. New York State Common Retirement Fund now owns 198,668 shares of the company’s stock worth $4,808,000 after buying an additional 27,190 shares in the last quarter. Finally, Baillie Gifford & Co. increased its stake 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 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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