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.

GrubHub (NYSE:GRUB) last posted its quarterly earnings data on Thursday, February 8th. The information services provider reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.07. GrubHub had a return on equity of 8.47% and a net margin of 14.49%. The firm had revenue of $205.10 million for the quarter, compared to analyst estimates of $201.55 million. During the same quarter last year, the company earned $0.23 EPS. The company’s revenue was up 49.2% on a year-over-year basis. equities analysts anticipate that GrubHub will post 1.22 earnings per share for the current year.

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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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 (NYSE:GRUB)

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