GrubHub Inc (NASDAQ:GRUB) has been assigned a $62.00 price target by KeyCorp in a research report issued to clients and investors on Sunday. The firm currently has a “buy” rating on the information services provider’s stock. KeyCorp’s price objective points to a potential upside of 21.24% from the stock’s previous close.

GRUB has been the subject of a number of other research reports. Morgan Stanley downgraded shares of GrubHub from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $47.00 to $43.00 in a research note on Monday, June 26th. Zacks Investment Research downgraded shares of GrubHub from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Credit Suisse Group downgraded shares of GrubHub from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $50.00 to $53.00 in a research report on Monday, September 11th. Cowen and Company restated an “outperform” rating and set a $54.00 price objective on shares of GrubHub in a research report on Tuesday, July 25th. Finally, Roth Capital set a $55.00 price objective on shares of GrubHub and gave the stock a “buy” rating in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. GrubHub has a consensus rating of “Buy” and a consensus price target of $53.74.

Shares of GrubHub (GRUB) opened at 51.14 on Friday. The stock has a market cap of $4.42 billion and a PE ratio of 75.21. GrubHub has a 52-week low of $32.43 and a 52-week high of $57.61. The company’s 50-day moving average is $53.83 and its 200-day moving average is $46.58.

GrubHub (NASDAQ:GRUB) last issued its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. The company had revenue of $158.79 million during the quarter, compared to the consensus estimate of $158.13 million. Equities analysts anticipate that GrubHub will post $1.09 EPS for the current year.

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In related news, CEO Matthew M. Maloney sold 36,928 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $47.81, for a total value of $1,765,527.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Matthew M. Maloney sold 88,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $55.83, for a total transaction of $4,913,040.00. The disclosure for this sale can be found here. Insiders sold a total of 383,274 shares of company stock worth $20,351,930 over the last quarter.

Large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its holdings in GrubHub by 6.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock valued at $108,000 after purchasing an additional 148 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in GrubHub by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after purchasing an additional 285 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new position in GrubHub in the 2nd quarter valued at about $146,000. Chicago Partners Investment Group LLC purchased a new position in GrubHub in the 2nd quarter valued at about $154,000. Finally, Karp Capital Management Corp purchased a new position in GrubHub in the 1st quarter valued at about $214,000.

About GrubHub

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)

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