GrubHub (GRUB) Research Coverage Started at Mizuho
Mizuho started coverage on shares of GrubHub (NYSE:GRUB) in a report released on Wednesday. The brokerage issued a buy rating and a $81.00 price objective on the information services provider’s stock.
A number of other equities analysts also recently weighed in on the stock. KeyCorp set a $80.00 target price on shares of GrubHub and gave the stock a buy rating in a report on Monday, December 11th. Zacks Investment Research downgraded shares of GrubHub from a buy rating to a hold rating in a report on Friday, November 10th. Citigroup downgraded shares of GrubHub from a buy rating to a neutral rating and boosted their target price for the stock from $52.00 to $56.00 in a report on Thursday, October 5th. Cowen restated an outperform rating and set a $78.00 target price (up from $65.00) on shares of GrubHub in a report on Friday, December 1st. Finally, Craig Hallum restated a buy rating and set a $80.00 target price (up from $70.00) on shares of GrubHub in a report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $64.31.
GrubHub (NYSE GRUB) opened at $71.53 on Wednesday. The firm has a market cap of $6,169.18, a price-to-earnings ratio of 105.19, a P/E/G ratio of 3.03 and a beta of 1.67. GrubHub has a fifty-two week low of $32.43 and a fifty-two week high of $74.81.
In related news, CEO Matthew M. Maloney sold 54,504 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $59.28, for a total value of $3,230,997.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Margo Drucker sold 1,620 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $60.98, for a total transaction of $98,787.60. Following the completion of the transaction, the senior vice president now owns 892 shares in the company, valued at $54,394.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 382,513 shares of company stock worth $25,210,005. Corporate insiders own 2.37% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC bought a new stake in GrubHub during the second quarter worth about $19,789,000. Principal Financial Group Inc. lifted its position in GrubHub by 51.3% during the second quarter. Principal Financial Group Inc. now owns 17,348 shares of the information services provider’s stock worth $756,000 after purchasing an additional 5,880 shares during the period. Westpac Banking Corp lifted its position in GrubHub by 105.7% during the third quarter. Westpac Banking Corp now owns 21,600 shares of the information services provider’s stock worth $1,137,000 after purchasing an additional 11,100 shares during the period. Trexquant Investment LP bought a new stake in GrubHub during the third quarter worth about $1,083,000. Finally, Macquarie Group Ltd. lifted its position in GrubHub by 31.6% during the second quarter. Macquarie Group Ltd. now owns 785,620 shares of the information services provider’s stock worth $34,253,000 after purchasing an additional 188,709 shares during the period.
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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