Morgan Stanley Cuts GrubHub (GRUB) Price Target to $101.00
GrubHub (NYSE:GRUB) had its price objective cut by Morgan Stanley from $106.00 to $101.00 in a report published on Tuesday. They currently have an equal weight rating on the information services provider’s stock.
GRUB has been the subject of a number of other research reports. Credit Suisse Group upped their price objective on GrubHub from $121.00 to $125.00 and gave the stock a neutral rating in a research note on Wednesday, October 24th. Zacks Investment Research raised GrubHub from a hold rating to a buy rating and set a $85.00 price objective for the company in a research note on Monday. DA Davidson raised GrubHub from a neutral rating to a buy rating and upped their price objective for the stock from $115.00 to $120.00 in a research note on Friday, October 26th. They noted that the move was a valuation call. Wedbush reissued an outperform rating and set a $150.00 price target on shares of GrubHub in a research note on Thursday, November 29th. Finally, ValuEngine raised GrubHub from a hold rating to a buy rating in a research note on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $125.23.
NYSE:GRUB traded down $2.56 during mid-day trading on Tuesday, hitting $78.41. 76,950 shares of the company traded hands, compared to its average volume of 1,717,114. GrubHub has a one year low of $66.07 and a one year high of $149.35. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.31 and a current ratio of 2.31. The firm has a market capitalization of $7.29 billion, a PE ratio of 79.89, a P/E/G ratio of 2.15 and a beta of 1.36.
In other news, Director Linda Johnson Rice sold 596 shares of the stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $115.87, for a total value of $69,058.52. Following the sale, the director now directly owns 545 shares in the company, valued at $63,149.15. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Maria Belousova sold 2,752 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $74.72, for a total value of $205,629.44. Following the completion of the sale, the chief technology officer now owns 857 shares in the company, valued at $64,035.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,985 shares of company stock worth $1,960,449. Company insiders own 1.59% of the company’s stock.
A number of large investors have recently made changes to their positions in GRUB. Millennium Management LLC bought a new position in GrubHub in the second quarter worth approximately $46,102,000. TIAA CREF Investment Management LLC boosted its position in GrubHub by 23.7% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 2,102,310 shares of the information services provider’s stock valued at $291,422,000 after acquiring an additional 402,466 shares in the last quarter. Lansdowne Partners UK LLP boosted its position in GrubHub by 15.3% during the 3rd quarter. Lansdowne Partners UK LLP now owns 2,345,631 shares of the information services provider’s stock valued at $325,153,000 after acquiring an additional 310,959 shares in the last quarter. Teachers Advisors LLC boosted its position in GrubHub by 280.1% during the 3rd quarter. Teachers Advisors LLC now owns 397,804 shares of the information services provider’s stock valued at $55,144,000 after acquiring an additional 293,150 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its position in GrubHub by 1,042.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 315,848 shares of the information services provider’s stock valued at $43,783,000 after acquiring an additional 288,202 shares in the last quarter. 92.46% of the stock is currently owned by institutional investors.
GrubHub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.
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