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.

GrubHub (NYSE:GRUB) last issued its earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.04. The business had revenue of $163.10 million for the quarter, compared to the consensus estimate of $159.63 million. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 earnings per share. equities research analysts forecast that GrubHub will post 0.89 EPS for the current fiscal year.

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.

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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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