Wells Fargo & Co reissued their market perform rating on shares of GrubHub (NYSE:GRUB) in a report issued on Monday morning, The Fly reports. Wells Fargo & Co currently has a $68.00 price objective on the information services provider’s stock, up from their prior price objective of $58.00.

Other analysts have also recently issued reports about the stock. Credit Suisse Group cut shares of GrubHub from an outperform rating to a neutral rating and lifted their target price for the stock from $50.00 to $53.00 in a research note on Monday, September 11th. BidaskClub cut shares of GrubHub from a buy rating to a hold rating in a research note on Wednesday, September 13th. DA Davidson began coverage on shares of GrubHub in a research note on Wednesday, September 13th. They issued a neutral rating and a $48.00 target price for the company. Cowen reiterated an outperform rating and issued a $65.00 target price (up from $54.00) on shares of GrubHub in a research note on Thursday, September 14th. Finally, Canaccord Genuity lifted their target price on shares of GrubHub from $50.00 to $60.00 and gave the stock a buy rating in a research note on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. GrubHub presently has an average rating of Buy and a consensus target price of $62.61.

GrubHub (NYSE:GRUB) traded up $1.69 during trading hours on Monday, hitting $68.22. 1,174,400 shares of the stock were exchanged, compared to its average volume of 1,568,075. GrubHub has a twelve month low of $32.43 and a twelve month high of $74.81. The company has a market cap of $6,130.00, a PE ratio of 100.32, a P/E/G ratio of 3.15 and a beta of 1.67.

GrubHub (NYSE:GRUB) last released its quarterly earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. The business had revenue of $163.10 million for the quarter, compared to analysts’ expectations of $159.63 million. During the same period last year, the business earned $0.23 EPS. The company’s revenue was up 32.1% compared to the same quarter last year. sell-side analysts predict that GrubHub will post 0.89 earnings per share for the current year.

In other GrubHub news, COO Stanley Chia sold 645 shares of GrubHub stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $60.60, for a total transaction of $39,087.00. Following the completion of the sale, the chief operating officer now directly owns 1,215 shares in the company, valued at approximately $73,629. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Adam Dewitt sold 5,000 shares of GrubHub stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $51.13, for a total transaction of $255,650.00. Following the sale, the chief financial officer now owns 20,114 shares of the company’s stock, valued at $1,028,428.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 442,393 shares of company stock valued at $28,330,028. Company insiders own 2.37% of the company’s stock.

Several large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in shares of GrubHub by 6.4% during 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 increased its holdings in shares of GrubHub by 11.5% during 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. Ameritas Investment Partners Inc. increased its holdings in shares of GrubHub by 8.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,544 shares of the information services provider’s stock valued at $329,000 after purchasing an additional 567 shares in the last quarter. Strs Ohio increased its holdings in shares of GrubHub by 8.3% during the 3rd quarter. Strs Ohio now owns 14,300 shares of the information services provider’s stock valued at $753,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in shares of GrubHub by 11.3% during the 2nd quarter. Amalgamated Bank now owns 11,021 shares of the information services provider’s stock valued at $481,000 after purchasing an additional 1,122 shares in the last quarter.

TRADEMARK VIOLATION WARNING: “Wells Fargo & Co Reaffirms Market Perform Rating for GrubHub (GRUB)” was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://www.dailypolitical.com/2018/01/12/wells-fargo-co-reaffirms-market-perform-rating-for-grubhub-grub.html.

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.

The Fly

Analyst Recommendations for GrubHub (NYSE:GRUB)

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