GrubHub Inc (GRUB) Shares Up 1%
GrubHub Inc (NASDAQ:GRUB) shares shot up 1% during trading on Tuesday . The company traded as high as $39.01 and last traded at $38.91, with a volume of 1,635,871 shares. The stock had previously closed at $38.52.
A number of research firms have commented on GRUB. Pacific Crest reaffirmed a “sector perform” rating on shares of GrubHub in a report on Tuesday. Brean Capital began coverage on GrubHub in a report on Saturday, June 4th. They set a “buy” rating on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $26.00 target price (down previously from $30.00) on shares of GrubHub in a report on Tuesday, June 14th. Stifel Nicolaus reaffirmed a “buy” rating and set a $45.00 target price (up previously from $32.00) on shares of GrubHub in a report on Friday. Finally, Zacks Investment Research raised GrubHub from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Wednesday, July 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $37.38.
The company’s 50 day moving average is $30.97 and its 200-day moving average is $25.55. The firm has a market cap of $3.30 billion and a PE ratio of 81.25.
GrubHub (NASDAQ:GRUB) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. During the same quarter in the previous year, the firm posted $0.17 earnings per share. The business earned $120.20 million during the quarter, compared to the consensus estimate of $114.13 million. The company’s revenue for the quarter was up 36.6% on a year-over-year basis. On average, equities analysts anticipate that GrubHub Inc will post $0.82 earnings per share for the current year.
In related news, SVP Margo Drucker sold 6,325 shares of GrubHub stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $29.38, for a total transaction of $185,828.50. Following the sale, the senior vice president now directly owns 6,825 shares of the company’s stock, valued at $200,518.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Matthew M. Maloney sold 14,491 shares of GrubHub stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $29.97, for a total value of $434,295.27. Following the sale, the chief executive officer now directly owns 1,649 shares in the company, valued at $49,420.53. The disclosure for this sale can be found here.
A number of large investors have recently added to or reduced their stakes in GRUB. Rhumbline Advisers increased its stake in 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 during the period. California Public Employees Retirement System increased its stake in 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 during the period. New York State Common Retirement Fund increased its stake in 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 during the period. Finally, Eaton Vance Management purchased a new stake in GrubHub during the fourth quarter worth $3,061,000.
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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