GrubHub Inc (GRUB) Stock Rating Reaffirmed by Wedbush
Wedbush reissued their outperform rating on shares of GrubHub Inc (NASDAQ:GRUB) in a report published on Wednesday. The brokerage currently has a $54.93 price objective on the information services provider’s stock, down from their previous price objective of $63.00.
A number of other equities analysts have also recently weighed in on GRUB. Maxim Group reaffirmed a hold rating on shares of GrubHub in a research report on Thursday, April 27th. Stifel Nicolaus increased their price objective on shares of GrubHub from $48.00 to $50.00 and gave the stock a buy rating in a research report on Friday, April 28th. CIBC increased their price objective on shares of GrubHub from $42.00 to $48.00 and gave the stock an outperform rating in a research report on Friday, April 28th. Oppenheimer Holdings, Inc. increased their price objective on shares of GrubHub from $42.00 to $48.00 and gave the stock an outperform rating in a research report on Friday, April 28th. Finally, Barclays PLC reaffirmed a hold rating and set a $45.00 price objective on shares of GrubHub in a research report on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $49.41.
GrubHub (NASDAQ GRUB) opened at 54.15 on Wednesday. The firm’s 50-day moving average price is $49.69 and its 200-day moving average price is $41.97. GrubHub has a 52-week low of $32.43 and a 52-week high of $57.26. The company has a market cap of $4.68 billion and a price-to-earnings ratio of 79.63.
GrubHub (NASDAQ:GRUB) last posted its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. The firm had revenue of $158.79 million during the quarter, compared to analysts’ expectations of $158.13 million. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. On average, equities analysts anticipate that GrubHub will post $1.10 EPS for the current year.
In other news, CEO Matthew M. Maloney sold 88,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $55.83, for a total value of $4,913,040.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Stanley Chia sold 822 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $46.65, for a total transaction of $38,346.30. Following the completion of the sale, the chief operating officer now owns 1,215 shares in the company, valued at $56,679.75. The disclosure for this sale can be found here. Insiders sold a total of 289,592 shares of company stock worth $14,500,728 over the last 90 days.
Several large investors have recently made changes to their positions in GRUB. PNC Financial Services Group Inc. raised its stake in shares of GrubHub by 6.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock worth $108,000 after buying an additional 148 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in GrubHub by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock worth $120,000 after buying an additional 285 shares during the period. Fortaleza Asset Management Inc. bought a new position in GrubHub during the second quarter worth approximately $146,000. Chicago Partners Investment Group LLC bought a new position in GrubHub during the second quarter worth approximately $154,000. Finally, Karp Capital Management Corp bought a new position in GrubHub during the first quarter worth approximately $214,000.
GrubHub Company Profile
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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