GrubHub Inc. (GRUB) PT Set at $62.00 by KeyCorp

GrubHub Inc. (NYSE:GRUB) has been assigned a $62.00 target price by analysts at KeyCorp in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the information services provider’s stock. KeyCorp’s price target would indicate a potential downside of 4.17% from the company’s previous close.

Several other equities analysts also recently commented on GRUB. Canaccord Genuity restated a “buy” rating and set a $50.00 target price on shares of GrubHub in a research report on Thursday, August 10th. Stifel Nicolaus restated a “buy” rating and set a $53.00 target price (up previously from $50.00) on shares of GrubHub in a research report on Wednesday, August 9th. BidaskClub upgraded GrubHub from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Cowen and Company restated an “outperform” rating and set a $54.00 target price on shares of GrubHub in a research report on Wednesday, August 9th. Finally, Wedbush restated an “outperform” rating and set a $60.00 target price (down previously from $63.00) on shares of GrubHub in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $58.18.

Shares of GrubHub (NYSE GRUB) opened at $64.70 on Thursday. GrubHub has a fifty-two week low of $32.43 and a fifty-two week high of $64.99. The firm has a market capitalization of $5,590.00, a P/E ratio of 72.51, a PEG ratio of 3.46 and a beta of 1.64.

GrubHub (NYSE:GRUB) last announced its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. GrubHub had a return on equity of 7.45% and a net margin of 9.60%. The company had revenue of $163.10 million for the quarter, compared to analyst estimates of $159.63 million. During the same quarter last year, the firm earned $0.23 EPS. GrubHub’s revenue for the quarter was up 32.1% compared to the same quarter last year. equities research analysts anticipate that GrubHub will post 0.88 earnings per share for the current year.

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In related news, CEO Matthew M. Maloney sold 1,346 shares of GrubHub stock in a transaction on Friday, November 10th. The stock was sold at an average price of $63.00, for a total transaction of $84,798.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew M. Maloney sold 61,000 shares of GrubHub stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $55.73, for a total value of $3,399,530.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 384,874 shares of company stock valued at $22,012,816. 2.37% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC acquired a new stake in shares of GrubHub during the third quarter worth $105,000. PNC Financial Services Group Inc. grew its stake 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 valued at $108,000 after acquiring an additional 148 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 valued at $120,000 after acquiring an additional 285 shares during the period. Asset Dedication LLC acquired a new position in GrubHub in the third quarter valued at about $165,000. Finally, Fortaleza Asset Management Inc. acquired a new position in GrubHub in the second quarter valued at about $146,000.

About GrubHub

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 (NYSE:GRUB)

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