GrubHub (NYSE:GRUB) had its target price lifted by Credit Suisse Group from $65.00 to $80.00 in a research note issued to investors on Friday. The brokerage presently has a “hold” rating on the information services provider’s stock. Credit Suisse Group’s price objective would suggest a potential downside of 9.06% from the company’s current price.

Several other research analysts have also recently weighed in on GRUB. UBS Group cut shares of GrubHub from an “outperform” rating to a “market perform” rating in a report on Monday, February 5th. Stifel Nicolaus increased their price target on shares of GrubHub from $63.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Mizuho set a $98.00 price target on shares of GrubHub and gave the company a “buy” rating in a report on Thursday, February 8th. Raymond James Financial reaffirmed a “market perform” rating on shares of GrubHub in a report on Monday, February 5th. Finally, 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, February 8th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. GrubHub has an average rating of “Buy” and an average target price of $74.07.

GrubHub (NYSE GRUB) traded up $1.27 during trading on Friday, reaching $87.97. 1,232,035 shares of the company’s stock traded hands, compared to its average volume of 2,071,971. The company has a market cap of $7,630.00, a PE ratio of 78.54, a P/E/G ratio of 3.06 and a beta of 1.54. GrubHub has a 52-week low of $32.43 and a 52-week high of $94.89.

GrubHub (NYSE:GRUB) last released its quarterly earnings results 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. The firm had revenue of $205.10 million for the quarter, compared to analysts’ expectations of $201.55 million. GrubHub had a net margin of 14.49% and a return on equity of 8.47%. The business’s revenue was up 49.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. research analysts predict that GrubHub will post 1.22 earnings per share for the current fiscal year.

In other GrubHub news, COO Stanley Chia sold 645 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $66.54, for a total value of $42,918.30. Following the sale, the chief operating officer now owns 1,215 shares in the company, valued at $80,846.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Adam Dewitt sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $64.61, for a total transaction of $323,050.00. Following the completion of the sale, the chief financial officer now owns 18,744 shares in the company, valued at approximately $1,211,049.84. The disclosure for this sale can be found here. Insiders have sold a total of 325,212 shares of company stock worth $22,721,729 in the last quarter. 2.37% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of GrubHub by 92.5% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 271,508 shares of the information services provider’s stock worth $19,494,000 after purchasing an additional 130,501 shares during the period. AXA lifted its holdings in shares of GrubHub by 39.3% during the fourth quarter. AXA now owns 62,000 shares of the information services provider’s stock worth $4,452,000 after purchasing an additional 17,500 shares during the period. Geode Capital Management LLC lifted its holdings in shares of GrubHub by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 710,151 shares of the information services provider’s stock worth $50,988,000 after purchasing an additional 9,176 shares during the period. Lansdowne Partners UK LLP acquired a new position in shares of GrubHub during the fourth quarter worth $1,124,000. Finally, Reliance Trust Co. of Delaware acquired a new position in shares of GrubHub during the fourth quarter worth $208,000.

TRADEMARK VIOLATION NOTICE: This piece was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://theolympiareport.com/2018/02/13/credit-suisse-group-reiterates-80-00-price-target-for-grubhub-grub.html.

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)

Receive News & Ratings for GrubHub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub and related companies with MarketBeat.com's FREE daily email newsletter.