Wedbush set a $55.00 price objective on GrubHub Inc (NASDAQ:GRUB) in a research note released on Friday. The firm currently has a buy rating on the information services provider’s stock.

Several other equities analysts have also commented on the company. Stifel Nicolaus set a $53.00 price objective on GrubHub and gave the company a buy rating in a research report on Thursday. Roth Capital set a $55.00 price objective on GrubHub and gave the company a buy rating in a research report on Monday, July 31st. Cowen and Company reissued an outperform rating and set a $54.00 price objective on shares of GrubHub in a research report on Tuesday, July 25th. Vetr raised GrubHub from a sell rating to a strong-buy rating and set a $62.06 price objective for the company in a research report on Monday, July 17th. Finally, Zacks Investment Research lowered GrubHub from a buy rating to a hold rating in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $48.87.

Shares of GrubHub (NASDAQ:GRUB) traded up 6.42% during mid-day trading on Friday, reaching $56.00. 2,861,603 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $44.99 and a 200 day moving average of $40.28. The firm has a market capitalization of $4.83 billion and a P/E ratio of 84.85. GrubHub has a one year low of $32.43 and a one year high of $56.33.

GrubHub (NASDAQ:GRUB) last announced its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The business had revenue of $158.79 million during the quarter, compared to analyst estimates of $158.13 million. GrubHub had a return on equity of 7.21% and a net margin of 11.35%. On average, analysts forecast that GrubHub will post $1.10 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/07/wedbush-analysts-give-grubhub-inc-grub-a-55-00-price-target.html.

In related news, CEO Matthew M. Maloney sold 52,656 shares of GrubHub stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $48.02, for a total value of $2,528,541.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Stanley Chia sold 837 shares of GrubHub stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $43.54, for a total value of $36,442.98. Following the completion of the sale, the chief operating officer now owns 1,215 shares of the company’s stock, valued at $52,901.10. The disclosure for this sale can be found here. Insiders sold a total of 177,026 shares of company stock valued at $8,275,634 over the last quarter.

A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in GrubHub by 75,703.7% in the first quarter. BlackRock Inc. now owns 5,080,365 shares of the information services provider’s stock worth $167,094,000 after buying an additional 5,073,663 shares during the period. Alliancebernstein L.P. increased its stake in GrubHub by 1,761.3% in the first quarter. Alliancebernstein L.P. now owns 2,343,605 shares of the information services provider’s stock worth $77,081,000 after buying an additional 2,217,695 shares during the period. Clearbridge Investments LLC increased its stake in GrubHub by 132.0% in the first quarter. Clearbridge Investments LLC now owns 2,596,093 shares of the information services provider’s stock worth $85,385,000 after buying an additional 1,477,241 shares during the period. Caledonia Private Investments Pty Ltd increased its stake in GrubHub by 14.0% in the first quarter. Caledonia Private Investments Pty Ltd now owns 9,582,509 shares of the information services provider’s stock worth $315,169,000 after buying an additional 1,174,124 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in GrubHub during the second quarter worth $29,203,000.

GrubHub Company Profile

Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.

Analyst Recommendations for GrubHub (NASDAQ:GRUB)

Receive News & Ratings for GrubHub Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub Inc and related companies with MarketBeat.com's FREE daily email newsletter.