GrubHub (GRUB) Given a $98.00 Price Target by Mizuho Analysts
GRUB has been the topic of a number of other research reports. KeyCorp set a $80.00 target price on GrubHub and gave the company a buy rating in a research note on Monday, December 11th. Zacks Investment Research upgraded GrubHub from a hold rating to a buy rating and set a $80.00 target price on the stock in a research note on Tuesday, January 9th. Wedbush downgraded GrubHub from an outperform rating to a neutral rating and boosted their target price for the company from $65.00 to $70.00 in a research note on Monday, January 8th. They noted that the move was a valuation call. Oppenheimer boosted their target price on GrubHub to $80.00 and gave the company an outperform rating in a research note on Friday, January 5th. Finally, Canaccord Genuity restated a buy rating and issued a $80.00 target price on shares of GrubHub in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $75.29.
GrubHub (GRUB) opened at $85.54 on Thursday. The firm has a market capitalization of $7,415.89, a price-to-earnings ratio of 86.40, a P/E/G ratio of 3.40 and a beta of 1.54. GrubHub has a 52-week low of $32.43 and a 52-week high of $94.89.
In other news, COO Stanley Chia sold 645 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $66.54, for a total transaction of $42,918.30. Following the completion of the sale, the chief operating officer now owns 1,215 shares in the company, valued at approximately $80,846.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Adam Dewitt sold 5,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $64.61, for a total value of $323,050.00. Following the sale, the chief financial officer now owns 18,744 shares of the company’s stock, valued at approximately $1,211,049.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 325,212 shares of company stock valued at $22,721,729. 2.37% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in GRUB. Cubist Systematic Strategies LLC bought a new stake in GrubHub during the 3rd quarter valued at approximately $105,000. PNC Financial Services Group Inc. boosted its stake in GrubHub by 6.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock valued at $108,000 after purchasing an additional 148 shares during the period. Asset Dedication LLC bought a new stake in GrubHub during the 3rd quarter valued at approximately $165,000. Bronfman E.L. Rothschild L.P. boosted its stake in GrubHub by 53.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,533 shares of the information services provider’s stock valued at $182,000 after purchasing an additional 885 shares during the period. Finally, BT Investment Management Ltd bought a new stake in GrubHub during the 3rd quarter valued at approximately $195,000.
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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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