Somewhat Favorable Media Coverage Somewhat Unlikely to Affect GrubHub (GRUB) Share Price
News stories about GrubHub (NYSE:GRUB) have trended somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. GrubHub earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave headlines about the information services provider an impact score of 44.5295998246031 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- GrubHub Inc (GRUB) Expected to Post Earnings of $0.30 Per Share (americanbankingnews.com)
- Financial Contrast: Cheetah Mobile (CMCM) vs. GrubHub (GRUB) (americanbankingnews.com)
- ‘Tis The Season For This Retail ETF (marketwatch.com)
- GrubHub Inc (GRUB) CEO Sells $414,812.50 in Stock (americanbankingnews.com)
- Office Coordinator – Built In Chicago (builtinchicago.org)
GrubHub (NYSE:GRUB) traded down $0.70 during mid-day trading on Friday, reaching $68.22. The company had a trading volume of 1,110,000 shares, compared to its average volume of 990,632. The stock has a market capitalization of $5,914.33, a PE ratio of 78.41, a price-to-earnings-growth ratio of 3.74 and a beta of 1.67. GrubHub has a 12-month low of $32.43 and a 12-month high of $70.15.
GrubHub (NYSE:GRUB) last posted its earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. The firm had revenue of $163.10 million during the quarter, compared to analysts’ expectations of $159.63 million. GrubHub had a return on equity of 7.45% and a net margin of 9.60%. The firm’s revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 earnings per share. equities analysts anticipate that GrubHub will post 0.89 EPS for the current fiscal year.
GRUB has been the subject of several recent research reports. Barclays lifted their price objective on GrubHub from $45.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Wells Fargo & Company reiterated a “hold” rating and issued a $58.00 price objective on shares of GrubHub in a research note on Thursday, October 26th. DA Davidson reiterated a “hold” rating and issued a $50.00 price objective (up previously from $48.00) on shares of GrubHub in a research note on Friday, October 27th. KeyCorp reiterated a “buy” rating and issued a $62.00 price objective (up previously from $56.00) on shares of GrubHub in a research note on Wednesday, September 6th. Finally, Credit Suisse Group cut GrubHub from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $50.00 to $53.00 in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $59.18.
In other GrubHub news, SVP Margo Drucker sold 1,621 shares of GrubHub stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $67.24, for a total transaction of $108,996.04. Following the transaction, the senior vice president now owns 892 shares of the company’s stock, valued at $59,978.08. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Adam Dewitt sold 5,000 shares of GrubHub stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $51.13, for a total value of $255,650.00. Following the transaction, the chief financial officer now directly owns 20,114 shares in the company, valued at approximately $1,028,428.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 338,633 shares of company stock worth $20,241,687. 2.37% of the stock is currently owned by corporate insiders.
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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