GrubHub’s (GRUB) Outperform Rating Reaffirmed at Wedbush
A number of other equities research analysts have also recently weighed in on GRUB. Brean Capital began coverage on GrubHub in a research note on Saturday, June 4th. They issued a buy rating for the company. Morgan Stanley restated an equal weight rating and set a $26.00 price target (down previously from $30.00) on shares of GrubHub in a research note on Tuesday, June 14th. Stifel Nicolaus restated a buy rating and set a $45.00 price target (up previously from $32.00) on shares of GrubHub in a research note on Friday, July 29th. Zacks Investment Research upgraded GrubHub from a hold rating to a buy rating and set a $34.00 price target for the company in a research note on Wednesday, July 13th. Finally, Maxim Group started coverage on GrubHub in a research note on Friday, June 3rd. They set a buy rating and a $33.00 price target for the company. Eight investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $39.29.
GrubHub (NASDAQ:GRUB) opened at 41.27 on Friday. GrubHub has a one year low of $17.77 and a one year high of $42.97. The stock has a market cap of $3.52 billion and a price-to-earnings ratio of 85.98. The firm has a 50-day moving average price of $38.81 and a 200-day moving average price of $29.60.
GrubHub (NASDAQ:GRUB) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. The firm earned $120.20 million during the quarter, compared to analysts’ expectations of $114.13 million. During the same quarter in the prior year, the firm posted $0.17 EPS. GrubHub’s quarterly revenue was up 36.6% compared to the same quarter last year. On average, equities analysts predict that GrubHub will post $0.85 earnings per share for the current year.
In other GrubHub news, SVP Margo Drucker sold 1,054 shares of the company’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $41.48, for a total value of $43,719.92. Following the sale, the senior vice president now owns 1,554 shares of the company’s stock, valued at $64,459.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew M. Maloney sold 14,491 shares of the company’s stock in a transaction on Friday, June 24th. The shares were sold at an average price of $29.69, for a total value of $430,237.79. Following the completion of the sale, the chief executive officer now directly owns 1,649 shares in the company, valued at approximately $48,958.81. The disclosure for this sale can be found here.
A number of hedge funds have recently bought and sold shares of GRUB. Societe Generale purchased a new stake in GrubHub during the second quarter valued at $113,000. SG Americas Securities LLC purchased a new stake in GrubHub during the second quarter valued at $113,000. BlackRock Inc. raised its stake in GrubHub by 133.5% in the first quarter. BlackRock Inc. now owns 4,927 shares of the company’s stock valued at $124,000 after buying an additional 2,817 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in GrubHub by 6.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,323 shares of the company’s stock valued at $134,000 after buying an additional 269 shares during the period. Finally, Sei Investments Co. purchased a new stake in GrubHub during the second quarter valued at $148,000.
Grubhub Inc (Grubhub) is a provider of an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices.
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