Shares of GrubHub Inc (NASDAQ:GRUB) have been assigned an average recommendation of “Buy” from the twenty-five analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $49.16.

GRUB has been the topic of a number of research reports. Zacks Investment Research cut shares of GrubHub from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Morgan Stanley cut shares of GrubHub from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $47.00 to $43.00 in a research note on Monday, June 26th. Cowen and Company reissued an “outperform” rating and issued a $54.00 price objective on shares of GrubHub in a research note on Tuesday, July 25th. Roth Capital set a $55.00 price objective on shares of GrubHub and gave the company a “buy” rating in a research note on Monday, July 31st. Finally, Wedbush increased their price objective on shares of GrubHub from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, April 28th.

Shares of GrubHub (NASDAQ:GRUB) traded up 0.91% on Friday, hitting $54.36. 871,821 shares of the company traded hands. The stock’s 50-day moving average price is $48.28 and its 200-day moving average price is $41.49. GrubHub has a 12 month low of $32.43 and a 12 month high of $57.26. The company has a market capitalization of $4.70 billion and a PE ratio of 79.94.

GrubHub (NASDAQ:GRUB) last issued its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. The firm had revenue of $158.79 million for the quarter, compared to analysts’ expectations of $158.13 million. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. On average, equities analysts predict that GrubHub will post $1.10 earnings per share for the current year.

In related news, CFO Adam Dewitt sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $54.57, for a total value of $272,850.00. Following the sale, the chief financial officer now directly owns 22,854 shares of the company’s stock, valued at $1,247,142.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Barbara Martin Coppola sold 2,916 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $55.97, for a total transaction of $163,208.52. Following the completion of the sale, the insider now directly owns 11,559 shares in the company, valued at $646,957.23. The disclosure for this sale can be found here. Insiders sold 289,592 shares of company stock worth $14,500,728 over the last three months.

A number of hedge funds and other institutional investors have recently bought and sold shares of GRUB. PNC Financial Services Group Inc. raised its position 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 buying an additional 148 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 buying an additional 285 shares during the last quarter. Fortaleza Asset Management Inc. acquired a new position in GrubHub during the second quarter valued at approximately $146,000. Chicago Partners Investment Group LLC acquired a new position in GrubHub during the second quarter valued at approximately $154,000. Finally, Karp Capital Management Corp acquired a new position in GrubHub during the first quarter valued at approximately $214,000.

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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.

Analyst Recommendations for GrubHub (NASDAQ:GRUB)

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