GrubHub Inc (GRUB) PT Set at $62.00 by KeyCorp
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.
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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