GrubHub Inc (NASDAQ:GRUB) had its target price raised by equities research analysts at Monness Crespi & Hardt from $35.00 to $42.00 in a research report issued on Thursday, October 26th, MarketBeat reports. The brokerage presently has a “sell” rating on the information services provider’s stock. Monness Crespi & Hardt’s price target would indicate a potential downside of 33.44% from the stock’s current price.
A number of other research analysts have also issued reports on the company. Wells Fargo & Company reiterated a “hold” rating and set a $58.00 price target on shares of GrubHub in a research report on Thursday, October 26th. Zacks Investment Research raised GrubHub from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Stifel Nicolaus raised their price target on GrubHub from $53.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. KeyCorp set a $62.00 price target on GrubHub and gave the company a “buy” rating in a report on Sunday, October 15th. Finally, Citigroup Inc. cut GrubHub from a “buy” rating to a “neutral” rating and raised their price target for the company from $52.00 to $56.00 in a report on Thursday, October 5th. One equities research 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’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $58.18.
GrubHub (NASDAQ:GRUB) opened at $63.10 on Thursday. GrubHub has a 52 week low of $32.43 and a 52 week 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 consensus estimate of $0.24 by $0.04. GrubHub had a return on equity of 5.01% and a net margin of 7.97%. The business had revenue of $163.10 million for the quarter, compared to analyst estimates of $159.63 million. During the same period in the previous year, the company posted $0.23 EPS. The company’s revenue was up 32.1% compared to the same quarter last year.
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In related news, COO Stanley Chia sold 4,671 shares of the company’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $54.17, for a total transaction of $253,028.07. Following the completion of the transaction, the chief operating officer now owns 4,671 shares in the company, valued at $253,028.07. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Margo Drucker sold 1,737 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $56.97, for a total value of $98,956.89. Following the transaction, the senior vice president now owns 892 shares of the company’s stock, valued at approximately $50,817.24. The disclosure for this sale can be found here. Insiders sold 383,528 shares of company stock worth $21,928,018 in the last 90 days.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. UBS Asset Management Americas Inc. increased its holdings in shares of GrubHub by 48.6% during 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 in the last quarter. Karp Capital Management Corp purchased a new position in shares of GrubHub during the 1st quarter valued at approximately $214,000. Ameriprise Financial Inc. purchased a new position in shares of GrubHub during the 1st quarter valued at approximately $507,000. Parametric Portfolio Associates LLC increased its holdings in shares of GrubHub by 50.7% during 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 in the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of GrubHub by 22.5% during 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 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.
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