GrubHub Inc (NASDAQ:GRUB) Stock Rating Reaffirmed by Wedbush

GrubHub Inc (NASDAQ:GRUB)‘s stock had its “outperform” rating reaffirmed by equities researchers at Wedbush in a research note issued to investors on Thursday, October 26th, The Fly reports. They presently have a $65.00 target price on the information services provider’s stock, up from their previous target price of $60.00. Wedbush’s target price points to a potential upside of 3.01% from the company’s previous close.

Several other research firms also recently commented on GRUB. Wells Fargo & Company reissued a “hold” rating and issued a $58.00 target price on shares of GrubHub in a research report on Thursday, October 26th. KeyCorp reissued a “buy” rating and issued a $62.00 target price (up from $56.00) on shares of GrubHub in a research report on Wednesday, September 6th. Zacks Investment Research downgraded shares of GrubHub from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Credit Suisse Group downgraded shares of GrubHub from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $50.00 to $53.00 in a research report on Monday, September 11th. Finally, Cowen and Company reissued an “outperform” rating and issued a $54.00 target price on shares of GrubHub in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. GrubHub currently has an average rating of “Buy” and an average price target of $58.18.

GrubHub (NASDAQ 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 released its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The firm had revenue of $163.10 million for the quarter, compared to analyst estimates of $159.63 million. GrubHub had a net margin of 7.97% and a return on equity of 5.01%. The company’s revenue for the quarter was up 32.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS.

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In other news, COO Stanley Chia sold 4,671 shares of the stock in a transaction on 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 transaction, the chief operating officer now owns 4,671 shares in the company, valued at approximately $253,028.07. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Matthew M. Maloney sold 6,250 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $54.09, for a total transaction of $338,062.50. 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.

Several institutional investors have recently made changes to their positions in the stock. Caledonia Private Investments Pty Ltd increased its position in shares of GrubHub by 3.4% during the 2nd quarter. Caledonia Private Investments Pty Ltd now owns 9,911,910 shares of the information services provider’s stock worth $432,159,000 after purchasing an additional 329,401 shares in the last quarter. Baillie Gifford & Co. increased its position in shares of GrubHub by 1.7% during the 2nd quarter. Baillie Gifford & Co. now owns 8,385,444 shares of the information services provider’s stock worth $365,605,000 after purchasing an additional 142,445 shares in the last quarter. Vanguard Group Inc. increased its position in shares of GrubHub by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,952,748 shares of the information services provider’s stock worth $303,139,000 after purchasing an additional 203,802 shares in the last quarter. BlackRock Inc. increased its position in shares of GrubHub by 4.3% during the 2nd quarter. BlackRock Inc. now owns 5,296,672 shares of the information services provider’s stock worth $230,935,000 after purchasing an additional 216,307 shares in the last quarter. Finally, Carmignac Gestion increased its position in shares of GrubHub by 55.4% during the 2nd quarter. Carmignac Gestion now owns 4,976,545 shares of the information services provider’s stock worth $216,977,000 after purchasing an additional 1,773,959 shares in the last quarter.

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.

The Fly

Analyst Recommendations for GrubHub (NASDAQ:GRUB)

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