GrubHub Inc (GRUB) Sets New 52-Week High at $40.24
Shares of GrubHub Inc (NASDAQ:GRUB) reached a new 52-week high on Monday . The company traded as high as $40.24 and last traded at $40.05, with a volume of 1,202,215 shares. The stock had previously closed at $39.02.
A number of research firms have recently weighed in on GRUB. Brean Capital began coverage on shares of GrubHub in a research note on Saturday, June 4th. They issued a “buy” rating on the stock. JMP Securities increased their price objective on shares of GrubHub from $35.00 to $45.00 and gave the stock a “market outperform” rating in a research note on Friday, July 29th. Mizuho reiterated a “buy” rating and issued a $33.00 price objective on shares of GrubHub in a research note on Wednesday, July 27th. Barclays PLC increased their price objective on shares of GrubHub from $28.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, July 29th. Finally, Zacks Investment Research lowered shares of GrubHub from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. Eight analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $38.93.
The stock’s 50-day moving average is $35.64 and its 200-day moving average is $28.22. The company has a market cap of $3.40 billion and a price-to-earnings ratio of 83.21.
GrubHub (NASDAQ:GRUB) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. During the same period last year, the company earned $0.17 earnings per share. The company had revenue of $120.20 million for the quarter, compared to analyst estimates of $114.13 million. The business’s revenue for the quarter was up 36.6% compared to the same quarter last year. On average, analysts predict that GrubHub Inc will post $0.85 EPS for the current year.
In other news, CEO Matthew M. Maloney sold 700 shares of the company’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $40.00, for a total transaction of $28,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Benjamin C. Spero sold 1,968,007 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $38.84, for a total transaction of $76,437,391.88. 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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