GrubHub Inc (GRUB) Reaches New 52-Week High at $41.97
Shares of GrubHub Inc (NASDAQ:GRUB) hit a new 52-week high during trading on Monday . The company traded as high as $41.97 and last traded at $41.47, with a volume of 850,100 shares. The stock had previously closed at $41.06.
A number of analysts have recently commented on the stock. Jefferies Group assumed coverage on shares of GrubHub in a research note on Tuesday, August 16th. They issued a “hold” rating and a $43.00 price target for the company. Wedbush reiterated an “outperform” rating and issued a $47.00 price target on shares of GrubHub in a research note on Monday, August 15th. Morgan Stanley reissued a “hold” rating and issued a $31.00 price objective on shares of GrubHub in a report on Wednesday, August 3rd. Zacks Investment Research raised shares of GrubHub from a “sell” rating to a “strong-buy” rating and set a $45.00 price objective on the stock in a report on Tuesday, August 2nd. Finally, Pacific Crest reissued a “sector perform” rating on shares of GrubHub in a report on Tuesday, August 2nd. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. GrubHub currently has an average rating of “Buy” and an average target price of $38.93.
The company has a market cap of $3.53 billion and a PE ratio of 86.40. The company has a 50-day moving average of $36.75 and a 200-day moving average of $28.63.
GrubHub (NASDAQ:GRUB) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.04. During the same quarter last year, the company earned $0.17 EPS. The company had revenue of $120.20 million for the quarter, compared to analyst estimates of $114.13 million. The business’s revenue was up 36.6% compared to the same quarter last year. On average, analysts expect that GrubHub Inc will post $0.85 EPS for the current fiscal year.
In other news, CFO Adam Dewitt sold 5,000 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $28.33, for a total transaction of $141,650.00. Following the transaction, the chief financial officer now owns 5,500 shares in the company, valued at $155,815. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Margo Drucker sold 6,325 shares of the company’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $29.38, for a total transaction of $185,828.50. Following the transaction, the senior vice president now owns 6,825 shares in the company, valued at approximately $200,518.50. The disclosure for this sale can be found here.
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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