GrubHub Inc (GRUB) Earns “Buy” Rating from Loop Capital
GrubHub Inc (NASDAQ:GRUB)‘s stock had its “buy” rating reaffirmed by investment analysts at Loop Capital in a research note issued to investors on Tuesday. They presently have a $46.00 target price on the stock. Loop Capital’s price target suggests a potential upside of 9.50% from the stock’s previous close.
Other analysts have also recently issued reports about the company. Wedbush reissued an “outperform” rating and set a $40.00 target price on shares of GrubHub in a research note on Wednesday, July 20th. Cowen and Company reissued a “market perform” rating and set a $26.00 target price (up from $22.00) on shares of GrubHub in a research note on Wednesday, July 27th. Stifel Nicolaus cut GrubHub from a “buy” rating to a “hold” rating and set a $45.00 target price for the company. in a research note on Tuesday, October 4th. Bank of America Corp. cut GrubHub from a “buy” rating to a “neutral” rating and set a $40.00 target price for the company. in a research note on Friday, July 29th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut GrubHub from a “buy” rating to a “hold” rating in a research note on Tuesday, July 19th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $41.41.
GrubHub (NASDAQ:GRUB) traded up 2.29% during midday trading on Tuesday, reaching $42.97. 807,539 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $41.54 and its 200-day moving average price is $32.62. The company has a market capitalization of $3.66 billion and a PE ratio of 89.52. GrubHub has a 1-year low of $17.77 and a 1-year high of $44.58.
GrubHub (NASDAQ:GRUB) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The company earned $120.20 million during the quarter, compared to the consensus estimate of $114.13 million. The business’s revenue was up 36.6% compared to the same quarter last year. During the same period last year, the company earned $0.17 earnings per share. Equities analysts expect that GrubHub will post $0.84 EPS for the current year.
In other GrubHub news, SVP Margo Drucker sold 1,054 shares of the company’s stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $41.58, for a total transaction of $43,825.32. Following the completion of the transaction, the senior vice president now owns 1,554 shares of the company’s stock, valued at approximately $64,615.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Stanley Chia sold 5,838 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $38.81, for a total value of $226,572.78. The disclosure for this sale can be found here.
Institutional investors have recently added to or reduced their stakes in the company. Societe Generale purchased a new position in GrubHub during the second quarter worth $113,000. SG Americas Securities LLC purchased a new position in GrubHub during the second quarter worth $113,000. BlackRock Inc. increased its position 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 during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in GrubHub by 6.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,323 shares of the company’s stock worth $134,000 after buying an additional 269 shares during the period. Finally, Sei Investments Co. purchased a new position in GrubHub during the second quarter worth $148,000.
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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