GrubHub (GRUB) Price Target Raised to $100.00
GrubHub (NYSE:GRUB) had its price objective raised by equities research analysts at Canaccord Genuity from $80.00 to $100.00 in a report released on Thursday, Marketbeat.com reports. The firm presently has a “buy” rating on the information services provider’s stock. Canaccord Genuity’s target price would indicate a potential upside of 13.68% from the company’s current price. The analysts noted that the move was a valuation call.
Several other analysts also recently weighed in on the stock. KeyCorp set a $80.00 price objective on shares of GrubHub and gave the stock a “buy” rating in a research report on Monday, December 11th. Zacks Investment Research upgraded shares of GrubHub from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Tuesday, January 9th. Wedbush downgraded shares of GrubHub from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $65.00 to $70.00 in a research report on Monday, January 8th. They noted that the move was a valuation call. Oppenheimer boosted their price objective on shares of GrubHub to $80.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Finally, Cowen restated an “outperform” rating and set a $78.00 price objective (up previously from $65.00) on shares of GrubHub in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $74.07.
Shares of GrubHub (NYSE GRUB) traded up $1.27 during trading hours on Thursday, hitting $87.97. 1,232,035 shares of the stock traded hands, compared to its average volume of 2,071,971. The stock has a market cap of $7,630.00, a P/E ratio of 78.54, a PEG ratio of 3.06 and a beta of 1.54. GrubHub has a twelve month low of $32.43 and a twelve month high of $94.89.
In other news, CFO Adam Dewitt sold 5,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $64.61, for a total transaction of $323,050.00. Following the transaction, the chief financial officer now directly owns 18,744 shares of the company’s stock, valued at approximately $1,211,049.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Matthew M. Maloney sold 15,637 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $64.16, for a total transaction of $1,003,269.92. The disclosure for this sale can be found here. Insiders sold a total of 325,212 shares of company stock worth $22,721,729 over the last three months. 2.37% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new position in shares of GrubHub during the 3rd quarter worth $105,000. PNC Financial Services Group Inc. grew its stake in shares of GrubHub by 6.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock worth $108,000 after purchasing an additional 148 shares during the period. Asset Dedication LLC acquired a new position in shares of GrubHub during the 3rd quarter worth $165,000. Bronfman E.L. Rothschild L.P. grew its stake in shares of GrubHub by 53.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,533 shares of the information services provider’s stock worth $182,000 after purchasing an additional 885 shares during the period. Finally, BT Investment Management Ltd acquired a new position in shares of GrubHub during the 3rd quarter worth $195,000.
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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.
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