William Blair Equities Analysts Lower Earnings Estimates for GrubHub Inc (GRUB)
GrubHub Inc (NASDAQ:GRUB) – Analysts at William Blair dropped their Q1 2018 EPS estimates for shares of GrubHub in a report released on Wednesday. William Blair analyst R. Schackart now expects that the information services provider will post earnings per share of $0.28 for the quarter, down from their prior estimate of $0.33. William Blair also issued estimates for GrubHub’s Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.27 EPS and FY2019 earnings at $1.50 EPS.
GRUB has been the topic of a number of other reports. Barclays PLC lifted their price objective on shares of 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 restated a “hold” rating and issued a $58.00 price objective on shares of GrubHub in a research note on Thursday, October 26th. DA Davidson restated a “hold” rating and issued a $50.00 price objective (up from $48.00) on shares of GrubHub in a research note on Friday, October 27th. KeyCorp restated a “buy” rating and issued a $62.00 price objective (up from $56.00) on shares of GrubHub in a research note on Wednesday, September 6th. Finally, Zacks Investment Research lowered shares of GrubHub from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $58.18.
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GrubHub (GRUB) traded down 0.48% during midday trading on Monday, reaching $60.73. 907,936 shares of the company’s stock traded hands. The company has a market capitalization of $5.25 billion and a PE ratio of 89.31. GrubHub has a 1-year low of $32.43 and a 1-year high of $61.37. The firm’s 50 day moving average price is $53.59 and its 200-day moving average price is $48.32.
GrubHub (NASDAQ:GRUB) last posted its quarterly earnings results on Wednesday, October 25th. The information services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. The company had revenue of $163.10 million for the quarter, compared to analyst estimates of $159.63 million. During the same period in the prior year, the company earned $0.23 earnings per share. The firm’s revenue was up 32.1% on a year-over-year basis.
In other GrubHub news, CEO Matthew M. Maloney sold 88,000 shares of the company’s stock in a transaction dated 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 filing with the SEC, which is available at the SEC website. Also, CEO Matthew M. Maloney sold 16,681 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $60.06, for a total transaction of $1,001,860.86. The disclosure for this sale can be found here. In the last three months, insiders have sold 481,939 shares of company stock worth $26,425,938.
Several hedge funds and other institutional investors have recently made changes to their positions in GRUB. UBS Asset Management Americas Inc. lifted its holdings in shares of GrubHub by 48.6% in the first quarter. UBS Asset Management Americas Inc. now owns 39,963 shares of the information services provider’s stock valued at $1,314,000 after purchasing an additional 13,076 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of GrubHub in the first quarter valued at about $214,000. Ameriprise Financial Inc. purchased a new stake in shares of GrubHub in the first quarter valued at about $507,000. Prudential Financial Inc. lifted its holdings in shares of GrubHub by 22.5% in the first quarter. Prudential Financial Inc. now owns 7,300 shares of the information services provider’s stock valued at $240,000 after purchasing an additional 1,340 shares in the last quarter. Finally, Stifel Financial Corp purchased a new stake in shares of GrubHub in the first quarter valued at about $252,000.
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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