Wedbush Analysts Give GrubHub Inc (GRUB) a $55.00 Price Target
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.
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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.
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