GrubHub’s (GRUB) Buy Rating Reiterated at Cowen
Cowen restated their buy rating on shares of GrubHub (NYSE:GRUB) in a research report released on Friday morning. Cowen currently has a $96.00 target price on the information services provider’s stock.
Other equities analysts have also issued research reports about the company. Monness Crespi & Hardt raised their price objective on GrubHub from $42.00 to $65.00 and gave the stock a sell rating in a research note on Friday. Morgan Stanley reiterated a positive rating and issued a $100.00 price target (up previously from $77.00) on shares of GrubHub in a research note on Friday. Credit Suisse Group set a $80.00 price target on GrubHub and gave the company a hold rating in a research note on Friday. DA Davidson reiterated a hold rating and issued a $65.00 price target on shares of GrubHub in a research note on Thursday, February 1st. They noted that the move was a valuation call. Finally, Craig Hallum lifted their price target on GrubHub from $80.00 to $100.00 and gave the company a buy rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $75.29.
GrubHub (NYSE:GRUB) traded down $3.50 during trading on Friday, reaching $85.54. The company’s stock had a trading volume of 4,962,616 shares, compared to its average volume of 2,030,099. GrubHub has a 12-month low of $32.43 and a 12-month high of $94.89. The company has a market cap of $7,719.28, a price-to-earnings ratio of 76.38, a PEG ratio of 3.53 and a beta of 1.54.
In other GrubHub news, COO Stanley Chia sold 645 shares of GrubHub stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $66.54, for a total transaction of $42,918.30. Following the transaction, the chief operating officer now directly owns 1,215 shares of the company’s stock, valued at approximately $80,846.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Margo Drucker sold 1,621 shares of GrubHub stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $67.24, for a total value of $108,996.04. Following the transaction, the senior vice president now directly owns 892 shares in the company, valued at $59,978.08. The disclosure for this sale can be found here. Insiders have sold a total of 325,212 shares of company stock worth $22,721,729 in the last 90 days. 2.37% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in GRUB. First Trust Advisors LP lifted its holdings in GrubHub by 996.8% during the 4th quarter. First Trust Advisors LP now owns 1,610,369 shares of the information services provider’s stock worth $115,624,000 after buying an additional 1,463,539 shares during the period. Caledonia Private Investments Pty Ltd lifted its holdings in GrubHub by 8.0% during the 3rd quarter. Caledonia Private Investments Pty Ltd now owns 10,702,879 shares of the information services provider’s stock worth $563,614,000 after buying an additional 790,969 shares during the period. Janus Henderson Group PLC acquired a new position in GrubHub during the 2nd quarter worth about $28,875,000. Koch Industries Inc. acquired a new position in GrubHub during the 2nd quarter worth about $456,000. Finally, Lord Abbett & CO. LLC acquired a new position in GrubHub during the 2nd quarter worth about $19,789,000.
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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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