Wells Fargo & Co Reaffirms Market Perform Rating for GrubHub (GRUB)

Wells Fargo & Co reiterated their market perform rating on shares of GrubHub (NYSE:GRUB) in a research report released on Monday, The Fly reports. Wells Fargo & Co currently has a $68.00 price objective on the information services provider’s stock, up from their previous price objective of $58.00.

Several other equities research analysts have also issued reports on the stock. Oppenheimer raised their target price on shares of GrubHub from $60.00 to $66.00 and gave the stock an outperform rating in a report on Thursday, October 26th. Barclays raised their target price on shares of GrubHub from $45.00 to $56.00 and gave the stock an equal weight rating in a report on Thursday, October 26th. Stifel Nicolaus raised their target price on shares of GrubHub from $53.00 to $60.00 and gave the stock a buy rating in a report on Wednesday, October 25th. Craig Hallum restated a buy rating and issued a $80.00 target price (up previously from $70.00) on shares of GrubHub in a report on Tuesday, November 21st. Finally, DA Davidson started coverage on shares of GrubHub in a report on Wednesday, September 13th. They issued a neutral rating and a $48.00 target price for the company. One research 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 currently has a consensus rating of Buy and a consensus target price of $62.61.

GrubHub (NYSE GRUB) traded up $1.69 during mid-day trading on Monday, reaching $68.22. 1,174,400 shares of the company’s stock traded hands, compared to its average volume of 1,568,075. GrubHub has a fifty-two week low of $32.43 and a fifty-two week high of $74.81. The company has a market capitalization of $6,130.00, a price-to-earnings ratio of 100.32, a P/E/G ratio of 3.15 and a beta of 1.67.

GrubHub (NYSE:GRUB) last released its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. The business had revenue of $163.10 million during the quarter, compared to analyst estimates of $159.63 million. During the same quarter last year, the business earned $0.23 earnings per share. GrubHub’s quarterly revenue was up 32.1% compared to the same quarter last year. analysts anticipate that GrubHub will post 0.89 EPS for the current fiscal year.

In related news, CEO Matthew M. Maloney sold 56,250 shares of the firm’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $71.09, for a total value of $3,998,812.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Adam Dewitt sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $51.13, for a total transaction of $255,650.00. Following the completion of the transaction, the chief financial officer now directly owns 20,114 shares in the company, valued at approximately $1,028,428.82. The disclosure for this sale can be found here. Insiders sold a total of 442,393 shares of company stock worth $28,330,028 in the last ninety days. 2.37% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Caledonia Private Investments Pty Ltd increased its position in GrubHub by 8.0% during the 3rd quarter. Caledonia Private Investments Pty Ltd now owns 10,702,879 shares of the information services provider’s stock valued at $563,614,000 after purchasing an additional 790,969 shares during the period. Vanguard Group Inc. increased its position in GrubHub by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,952,748 shares of the information services provider’s stock valued at $303,139,000 after purchasing an additional 203,802 shares during the period. BlackRock Inc. increased its position in GrubHub by 4.3% during the 2nd quarter. BlackRock Inc. now owns 5,296,672 shares of the information services provider’s stock valued at $230,935,000 after purchasing an additional 216,307 shares during the period. Carmignac Gestion increased its position in GrubHub by 5.2% during the 3rd quarter. Carmignac Gestion now owns 5,233,974 shares of the information services provider’s stock valued at $275,621,000 after purchasing an additional 257,429 shares during the period. Finally, Alliancebernstein L.P. increased its position in GrubHub by 8.4% during the 2nd quarter. Alliancebernstein L.P. now owns 2,539,390 shares of the information services provider’s stock valued at $110,717,000 after purchasing an additional 195,785 shares during the period.

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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 (NYSE:GRUB)

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