Bank of America upgraded shares of GrubHub (NYSE:GRUB) from a neutral rating to a buy rating in a research report report published on Friday morning, Marketbeat.com reports. Bank of America currently has $108.00 price objective on the information services provider’s stock.

A number of other equities analysts have also weighed in on the stock. Canaccord Genuity set a $140.00 price objective on shares of GrubHub and gave the company a buy rating in a research report on Friday, October 26th. DA Davidson upgraded shares of GrubHub from a neutral rating to a buy rating and lifted their price objective for the company from $115.00 to $120.00 in a research report on Friday, October 26th. They noted that the move was a valuation call. Stifel Nicolaus upgraded shares of GrubHub from a hold rating to a buy rating and lowered their price objective for the company from $140.00 to $125.00 in a research report on Friday, October 26th. ValuEngine lowered shares of GrubHub from a strong-buy rating to a buy rating in a research report on Friday, October 26th. Finally, Argus lowered their price objective on shares of GrubHub from $170.00 to $120.00 and set a buy rating on the stock in a research report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $119.82.

Shares of GRUB opened at $86.08 on Friday. 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 company has a market cap of $7.81 billion, a PE ratio of 71.14, a price-to-earnings-growth ratio of 2.36 and a beta of 1.27. GrubHub has a 12-month low of $66.62 and a 12-month high of $149.35.

GrubHub (NYSE:GRUB) last announced its earnings results on Thursday, February 7th. The information services provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $287.72 million for the quarter, compared to analyst estimates of $290.43 million. GrubHub had a net margin of 7.79% and a return on equity of 8.43%. The company’s revenue for the quarter was up 40.3% compared to the same quarter last year. During the same period last year, the firm posted $0.37 earnings per share. Analysts anticipate that GrubHub will post 1.42 earnings per share for the current year.

In other GrubHub news, CTO Maria Belousova sold 2,751 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $81.05, for a total transaction of $222,968.55. Following the sale, the chief technology officer now directly owns 857 shares in the company, valued at approximately $69,459.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 9,801 shares of company stock worth $773,267 over the last 90 days. Insiders own 1.59% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC raised its stake in shares of GrubHub by 20.0% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 1,117 shares of the information services provider’s stock worth $86,000 after buying an additional 186 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of GrubHub by 99.1% during the 4th quarter. Parallel Advisors LLC now owns 432 shares of the information services provider’s stock worth $33,000 after buying an additional 215 shares during the last quarter. Private Vista LLC raised its stake in shares of GrubHub by 8.0% during the 4th quarter. Private Vista LLC now owns 2,930 shares of the information services provider’s stock worth $225,000 after buying an additional 216 shares during the last quarter. Mitchell Capital Management Co. raised its stake in shares of GrubHub by 2.5% during the 3rd quarter. Mitchell Capital Management Co. now owns 22,367 shares of the information services provider’s stock worth $3,101,000 after buying an additional 543 shares during the last quarter. Finally, United Services Automobile Association raised its stake in shares of GrubHub by 4.4% during the 3rd quarter. United Services Automobile Association now owns 15,170 shares of the information services provider’s stock worth $2,103,000 after buying an additional 640 shares during the last quarter. 92.63% of the stock is owned by institutional investors and hedge funds.

GrubHub Company Profile

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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Analyst Recommendations for GrubHub (NYSE:GRUB)

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