GrubHub Inc (NASDAQ:GRUB) received a $58.00 price objective from equities researchers at Credit Suisse Group in a note issued to investors on Thursday, October 26th. The brokerage presently has a “neutral” rating on the information services provider’s stock. Credit Suisse Group’s target price points to a potential downside of 8.08% from the stock’s current price.
Several other equities analysts also recently issued reports on GRUB. Pacific Crest reissued an “overweight” rating and set a $50.00 price target on shares of GrubHub in a report on Wednesday, June 28th. Cowen and Company raised shares of GrubHub from a “market perform” rating to an “outperform” rating and set a $54.00 target price for the company in a research note on Wednesday, July 12th. Vetr raised shares of GrubHub from a “sell” rating to a “strong-buy” rating and set a $62.06 target price for the company in a research note on Monday, July 17th. Roth Capital boosted their target price on shares of GrubHub from $47.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, July 17th. Finally, Stifel Nicolaus set a $53.00 target price on shares of GrubHub and gave the stock a “buy” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $58.18.
GrubHub (GRUB) opened at $63.10 on Thursday. GrubHub has a 12-month low of $32.43 and a 12-month high of $63.16.
GrubHub (NASDAQ:GRUB) last posted its quarterly earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. GrubHub had a net margin of 7.97% and a return on equity of 5.01%. The company had revenue of $163.10 million for the quarter, compared to analyst estimates of $159.63 million. During the same period last year, the business posted $0.23 EPS. The business’s quarterly revenue was up 32.1% on a year-over-year basis.
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In other news, CFO Adam Dewitt sold 6,722 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $61.90, for a total transaction of $416,091.80. Following the sale, the chief financial officer now directly owns 21,466 shares in the company, valued at $1,328,745.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Matthew M. Maloney sold 16,142 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $62.06, for a total value of $1,001,772.52. The disclosure for this sale can be found here. Insiders have sold a total of 383,528 shares of company stock worth $21,928,018 over the last quarter.
A number of large investors have recently made changes to their positions in the business. Alps Advisors Inc. boosted its position in GrubHub by 0.3% in the second quarter. Alps Advisors Inc. now owns 14,125 shares of the information services provider’s stock worth $616,000 after purchasing an additional 36 shares during the last quarter. Renaissance Group LLC boosted its position in GrubHub by 0.9% in the second quarter. Renaissance Group LLC now owns 8,856 shares of the information services provider’s stock worth $386,000 after purchasing an additional 80 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in GrubHub by 6.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock worth $108,000 after purchasing an additional 148 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in GrubHub by 11.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock worth $120,000 after purchasing an additional 285 shares during the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in shares of GrubHub by 8.1% in the second quarter. Ameritas Investment Partners Inc. now owns 7,544 shares of the information services provider’s stock worth $329,000 after buying an additional 567 shares during the period.
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.
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