GrubHub Inc (GRUB) Downgraded by Stifel Nicolaus
A number of other equities research analysts have also issued reports on the company. Zacks Investment Research lowered GrubHub from a hold rating to a sell rating in a research report on Friday, July 29th. Pacific Crest restated a sector perform rating on shares of GrubHub in a research report on Tuesday, August 2nd. Mizuho restated a buy rating and issued a $33.00 price target on shares of GrubHub in a research report on Wednesday, July 27th. Citigroup Inc. upped their price target on GrubHub from $30.00 to $44.00 and gave the company a buy rating in a research report on Friday, July 29th. Finally, Monness Crespi & Hardt upgraded GrubHub from a neutral rating to a buy rating and set a $33.00 price target for the company in a research report on Monday, June 6th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. GrubHub presently has a consensus rating of Hold and a consensus target price of $39.71.
GrubHub (NASDAQ:GRUB) opened at 40.56 on Tuesday. The stock has a market capitalization of $3.46 billion and a P/E ratio of 84.50. GrubHub has a 12-month low of $17.77 and a 12-month high of $44.58. The firm’s 50-day moving average price is $41.10 and its 200 day moving average price is $31.81.
GrubHub (NASDAQ:GRUB) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The firm had revenue of $120.20 million for the quarter, compared to analysts’ expectations of $114.13 million. During the same quarter last year, the firm posted $0.17 earnings per share. GrubHub’s quarterly revenue was up 36.6% on a year-over-year basis. On average, equities analysts anticipate that GrubHub will post $0.84 EPS for the current year.
In other GrubHub news, CEO Matthew M. Maloney sold 14,491 shares of the company’s stock in a transaction on Monday, September 26th. The stock was sold at an average price of $41.87, for a total transaction of $606,738.17. Following the transaction, the chief executive officer now directly owns 1,649 shares in the company, valued at $69,043.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Margo Drucker sold 1,054 shares of the company’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $41.48, for a total value of $43,719.92. Following the transaction, the senior vice president now owns 1,554 shares in the company, valued at $64,459.92. The disclosure for this sale can be found here.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC boosted its position in GrubHub by 16.2% in the first quarter. TIAA CREF Investment Management LLC now owns 1,558,304 shares of the company’s stock worth $39,160,000 after buying an additional 217,357 shares during the period. BlackRock Inc. raised its stake in GrubHub by 133.5% in the first quarter. BlackRock Inc. now owns 4,927 shares of the company’s stock worth $124,000 after buying an additional 2,817 shares in the last quarter. BlackRock Group LTD raised its stake in GrubHub by 28.2% in the first quarter. BlackRock Group LTD now owns 38,003 shares of the company’s stock worth $956,000 after buying an additional 8,357 shares in the last quarter. JPMorgan Chase & Co. raised its stake in GrubHub by 7.7% in the first quarter. JPMorgan Chase & Co. now owns 2,118,953 shares of the company’s stock worth $53,250,000 after buying an additional 151,844 shares in the last quarter. Finally, BNP Paribas Arbitrage SA bought a new stake in GrubHub during the second quarter worth $213,000.
GrubHub Company Profile
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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