Credit Suisse Group Reiterates $58.00 Price Target for GrubHub Inc (GRUB)

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.

Analyst Recommendations for GrubHub (NASDAQ:GRUB)

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