GrubHub Inc (NASDAQ:GRUB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday, October 25th.
According to Zacks, “GrubHub Inc. is an online and mobile food ordering company. The Company’s platform assists diners in searching for local restaurant, tracking the order and re-order for convenience. It operates within the United States and the United Kingdom. GrubHub Inc. is based in United States. “
Several other equities research analysts also recently commented on the stock. Stifel Nicolaus lifted their price objective on shares of GrubHub from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. KeyCorp set a $62.00 target price on shares of GrubHub and gave the stock a “buy” rating in a report on Sunday, October 15th. Citigroup Inc. cut shares of GrubHub from a “buy” rating to a “neutral” rating and raised their target price for the stock from $52.00 to $56.00 in a report on Thursday, October 5th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 price objective (down previously from $63.00) on shares of GrubHub in a report on Tuesday, September 26th. Finally, Pacific Crest reaffirmed an “overweight” rating and issued a $62.00 price objective on shares of GrubHub in a report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. GrubHub currently has an average rating of “Buy” and a consensus price target of $58.18.
Shares of GrubHub (GRUB) opened at $63.10 on Wednesday. GrubHub has a 1 year low of $32.43 and a 1 year high of $63.16.
GrubHub (NASDAQ:GRUB) last released its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.04. The firm had revenue of $163.10 million for the quarter, compared to the consensus estimate of $159.63 million. GrubHub had a net margin of 7.97% and a return on equity of 5.01%. The company’s quarterly revenue was up 32.1% on a year-over-year basis. During the same period last year, the firm earned $0.23 earnings per share.
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In related news, COO Stanley Chia sold 4,671 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $54.17, for a total value of $253,028.07. Following the completion of the sale, the chief operating officer now owns 4,671 shares of the company’s stock, valued at $253,028.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Adam Dewitt sold 10,500 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $54.76, for a total transaction of $574,980.00. Following the completion of the sale, the chief financial officer now owns 23,304 shares in the company, valued at $1,276,127.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 383,528 shares of company stock valued at $21,928,018.
A number of hedge funds and other institutional investors have recently bought and sold shares of GRUB. UBS Asset Management Americas Inc. increased its holdings in shares of GrubHub by 48.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 39,963 shares of the information services provider’s stock valued at $1,314,000 after purchasing an additional 13,076 shares during the period. Karp Capital Management Corp acquired a new position in shares of GrubHub in the 1st quarter valued at about $214,000. Ameriprise Financial Inc. acquired a new position in shares of GrubHub in the 1st quarter valued at about $507,000. Parametric Portfolio Associates LLC increased its holdings in shares of GrubHub by 50.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 117,867 shares of the information services provider’s stock valued at $3,877,000 after purchasing an additional 39,668 shares during the period. Finally, Prudential Financial Inc. increased its holdings in shares of GrubHub by 22.5% in the 1st quarter. Prudential Financial Inc. now owns 7,300 shares of the information services provider’s stock valued at $240,000 after purchasing an additional 1,340 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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