Stifel Nicolaus cut shares of GrubHub (NYSE:GRUB) from a buy rating to a hold rating in a report issued on Monday. Stifel Nicolaus currently has $110.00 target price on the information services provider’s stock, up from their prior target price of $100.00. The analysts noted that the move was a valuation call.
A number of other equities research analysts also recently commented on the company. Cowen reiterated an outperform rating on shares of GrubHub in a research report on Monday, March 12th. Bank of America downgraded GrubHub from a buy rating to a neutral rating in a research report on Tuesday, March 6th. They noted that the move was a valuation call. ValuEngine upgraded GrubHub from a hold rating to a buy rating in a research report on Thursday, March 1st. KeyCorp reiterated an overweight rating on shares of GrubHub in a research report on Thursday, February 22nd. Finally, Zacks Investment Research downgraded GrubHub from a strong-buy rating to a hold rating in a research report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Hold and an average price target of $75.53.
GrubHub stock opened at $108.82 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $9,637.58, a price-to-earnings ratio of 97.16, a price-to-earnings-growth ratio of 4.14 and a beta of 1.00. GrubHub has a one year low of $32.43 and a one year high of $112.41.
GrubHub (NYSE:GRUB) last issued its quarterly earnings results on Thursday, February 8th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The firm had revenue of $205.10 million during the quarter, compared to analyst estimates of $201.55 million. GrubHub had a return on equity of 8.29% and a net margin of 14.49%. The firm’s quarterly revenue was up 49.2% on a year-over-year basis. During the same period last year, the company posted $0.23 EPS. equities research analysts predict that GrubHub will post 1.15 earnings per share for the current year.
In other news, COO Stanley Chia sold 6,597 shares of the stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $71.00, for a total value of $468,387.00. Following the completion of the sale, the chief operating officer now owns 1,215 shares in the company, valued at $86,265. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Maria Belousova sold 400 shares of the stock in a transaction on Monday, March 5th. The shares were sold at an average price of $99.18, for a total value of $39,672.00. Following the completion of the sale, the chief technology officer now owns 857 shares of the company’s stock, valued at approximately $84,997.26. The disclosure for this sale can be found here. Insiders sold 318,101 shares of company stock valued at $24,359,568 in the last 90 days. Corporate insiders own 2.37% of the company’s stock.
Several large investors have recently made changes to their positions in GRUB. First Trust Advisors LP raised its holdings in shares of GrubHub by 996.8% during the fourth quarter. First Trust Advisors LP now owns 1,610,369 shares of the information services provider’s stock worth $115,624,000 after acquiring an additional 1,463,539 shares in the last quarter. Caledonia Private Investments Pty Ltd raised its holdings in shares of GrubHub by 8.0% during the third quarter. Caledonia Private Investments Pty Ltd now owns 10,702,879 shares of the information services provider’s stock worth $563,614,000 after acquiring an additional 790,969 shares in the last quarter. Stephens Investment Management Group LLC purchased a new stake in shares of GrubHub during the fourth quarter worth $27,998,000. Janus Henderson Group PLC raised its holdings in shares of GrubHub by 58.3% during the third quarter. Janus Henderson Group PLC now owns 1,048,396 shares of the information services provider’s stock worth $55,210,000 after acquiring an additional 386,129 shares in the last quarter. Finally, Standard Life Aberdeen plc purchased a new stake in shares of GrubHub during the fourth quarter worth $22,394,000.
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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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