GrubHub (NYSE:GRUB)‘s stock had its “buy” rating reissued by stock analysts at Cowen in a research report issued to clients and investors on Friday. They presently have a $96.00 price target on the information services provider’s stock. Cowen’s price target would indicate a potential upside of 12.23% from the stock’s previous close.

Several other research firms also recently weighed in on GRUB. Craig Hallum raised their price objective on GrubHub from $80.00 to $100.00 and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity reaffirmed a “buy” rating and set a $100.00 target price (up from $80.00) on shares of GrubHub in a report on Thursday. They noted that the move was a valuation call. Monness Crespi & Hardt lifted their target price on GrubHub from $42.00 to $65.00 and gave the stock a “sell” rating in a report on Friday. Morgan Stanley reaffirmed a “positive” rating and set a $100.00 target price (up from $77.00) on shares of GrubHub in a report on Friday. Finally, Mizuho set a $98.00 target price on GrubHub and gave the stock a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $75.29.

Shares of GrubHub (GRUB) opened at $85.54 on Friday. GrubHub has a twelve month low of $32.43 and a twelve month high of $94.89. The firm has a market capitalization of $7,719.28, a price-to-earnings ratio of 76.38, a P/E/G ratio of 3.53 and a beta of 1.54.

GrubHub (NYSE:GRUB) last released its quarterly earnings data on Thursday, February 8th. The information services provider reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $205.10 million for the quarter, compared to the consensus estimate of $201.55 million. During the same quarter last year, the business posted $0.23 EPS. GrubHub’s revenue for the quarter was up 49.2% on a year-over-year basis. equities research analysts anticipate that GrubHub will post 1.22 earnings per share for the current year.

In other news, COO Stanley Chia sold 645 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $66.54, for a total value 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 the SEC website. Also, CEO Matthew M. Maloney sold 15,637 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $64.16, for a total value of $1,003,269.92. The disclosure for this sale can be found here. Insiders sold a total of 325,212 shares of company stock worth $22,721,729 over the last three months. 2.37% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the stock. Caledonia Private Investments Pty Ltd increased its position in GrubHub by 8.0% in the 3rd quarter. Caledonia Private Investments Pty Ltd now owns 10,702,879 shares of the information services provider’s stock valued at $563,614,000 after buying an additional 790,969 shares in the last quarter. BlackRock Inc. increased its position in GrubHub by 2.6% in the 4th quarter. BlackRock Inc. now owns 5,477,332 shares of the information services provider’s stock valued at $393,274,000 after buying an additional 140,964 shares in the last quarter. Carmignac Gestion increased its position in GrubHub by 5.2% in the 3rd quarter. Carmignac Gestion now owns 5,233,974 shares of the information services provider’s stock valued at $275,621,000 after buying an additional 257,429 shares in the last quarter. State Street Corp increased its position in GrubHub by 9.9% in the 2nd quarter. State Street Corp now owns 1,678,374 shares of the information services provider’s stock valued at $73,176,000 after buying an additional 151,190 shares in the last quarter. Finally, First Trust Advisors LP increased its position in GrubHub by 996.8% in the 4th quarter. First Trust Advisors LP now owns 1,610,369 shares of the information services provider’s stock valued at $115,624,000 after buying an additional 1,463,539 shares in the last quarter.

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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.

Analyst Recommendations for GrubHub (NYSE:GRUB)

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