GrubHub (NYSE:GRUB) had its price target upped by analysts at Morgan Stanley from $77.00 to $100.00 in a research report issued to clients and investors on Friday. The brokerage presently has a “positive” rating on the information services provider’s stock. Morgan Stanley’s target price indicates a potential upside of 13.68% from the company’s previous close.

A number of other analysts have also recently commented on the stock. Monness Crespi & Hardt upped their price target on shares of GrubHub from $42.00 to $65.00 and gave the company a “sell” rating in a research note on Friday. Canaccord Genuity reiterated a “buy” rating and issued a $100.00 target price (up from $80.00) on shares of GrubHub in a research note on Thursday, February 8th. They noted that the move was a valuation call. Craig Hallum increased their target price on shares of GrubHub from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Stifel Nicolaus increased their target price on shares of GrubHub from $63.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Finally, Roth Capital increased their target price on shares of GrubHub from $65.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. GrubHub presently has a consensus rating of “Buy” and a consensus target price of $74.07.

Shares of GrubHub (NYSE GRUB) traded up $1.27 during mid-day trading on Friday, hitting $87.97. 1,232,035 shares of the company were exchanged, compared to its average volume of 2,071,971. The stock 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 12 month low of $32.43 and a 12 month high of $94.89.

GrubHub (NYSE:GRUB) last announced its quarterly earnings results on Thursday, February 8th. The information services provider reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.07. The company 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%. GrubHub’s revenue was up 49.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 EPS. equities research analysts forecast that GrubHub will post 1.22 EPS for the current fiscal year.

In related news, CEO Matthew M. Maloney sold 37,283 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $64.58, for a total transaction of $2,407,736.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Matthew M. Maloney sold 18,750 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $75.18, for a total transaction of $1,409,625.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 325,212 shares of company stock worth $22,721,729. 2.37% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its holdings in GrubHub by 6.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock worth $108,000 after acquiring an additional 148 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in GrubHub by 8.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,544 shares of the information services provider’s stock worth $329,000 after acquiring an additional 567 shares during the last quarter. Amalgamated Bank grew its holdings in GrubHub by 6.9% in the 4th quarter. Amalgamated Bank now owns 11,701 shares of the information services provider’s stock worth $840,000 after acquiring an additional 759 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in GrubHub by 53.7% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,533 shares of the information services provider’s stock worth $182,000 after acquiring an additional 885 shares during the last quarter. Finally, First Mercantile Trust Co. grew its holdings in GrubHub by 12.3% in the 4th quarter. First Mercantile Trust Co. now owns 8,601 shares of the information services provider’s stock worth $617,000 after acquiring an additional 942 shares during the last quarter.

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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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