GrubHub Inc (NASDAQ:GRUB) had its price objective lifted by research analysts at Stifel Nicolaus from $53.00 to $60.00 in a research report issued to clients and investors on Wednesday, October 25th, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the information services provider’s stock. Stifel Nicolaus’ price objective would indicate a potential downside of 4.91% from the company’s previous close.
A number of other analysts have also recently commented on the company. Roth Capital upped their price objective on GrubHub from $47.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, July 17th. Wedbush set a $55.00 price objective on GrubHub and gave the company a “buy” rating in a research report on Friday, August 4th. Canaccord Genuity reiterated a “buy” rating and set a $50.00 price objective (up previously from $47.00) on shares of GrubHub in a research report on Friday, August 4th. Credit Suisse Group set a $50.00 price objective on GrubHub and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, BidaskClub upgraded GrubHub from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $58.18.
GrubHub (NASDAQ: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 announced its quarterly earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 5.01% and a net margin of 7.97%. The company’s quarterly revenue was up 32.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share.
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In other GrubHub news, SVP Margo Drucker sold 1,737 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $56.97, for a total transaction of $98,956.89. Following the transaction, the senior vice president now directly owns 892 shares in the company, valued at approximately $50,817.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Adam Dewitt sold 5,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $51.13, for a total value of $255,650.00. Following the transaction, the chief financial officer now owns 20,114 shares in the company, valued at $1,028,428.82. 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 90 days.
Large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in shares of GrubHub by 6.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock valued at $108,000 after acquiring an additional 148 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of GrubHub by 11.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after acquiring an additional 285 shares during the period. Asset Dedication LLC purchased a new position in shares of GrubHub in the 3rd quarter valued at $165,000. Fortaleza Asset Management Inc. purchased a new position in GrubHub during the 2nd quarter worth $146,000. Finally, Comerica Bank purchased a new position in GrubHub during the 3rd quarter worth $201,000.
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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