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.
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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