GrubHub (GRUB) Earning Somewhat Favorable Press Coverage, Analysis Finds
Media coverage about GrubHub (NASDAQ:GRUB) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. GrubHub earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the information services provider an impact score of 45.9818152319345 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- What To Do When Your Stock Has A Frightening Accumulation Grade (finance.yahoo.com)
- Will Grubhub Inc. Sink or Swim? – Madison.com (host.madison.com)
- Should You Be Tempted To Sell GrubHub Inc (GRUB) At Its Current Price? (finance.yahoo.com)
- GrubHub Inc (GRUB) Expected to Announce Quarterly Sales of $159.09 Million (americanbankingnews.com)
A number of brokerages recently issued reports on GRUB. Stifel Nicolaus set a $53.00 price objective on shares of GrubHub and gave the company a “buy” rating in a report on Thursday, August 3rd. Wedbush set a $55.00 target price on shares of GrubHub and gave the stock a “buy” rating in a research note on Friday, August 4th. Cowen and Company reiterated an “outperform” rating and issued a $54.00 target price on shares of GrubHub in a report on Wednesday, August 9th. BidaskClub upgraded shares of GrubHub from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $50.00 price target on shares of GrubHub in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $53.42.
Shares of GrubHub (NASDAQ GRUB) opened at 53.67 on Tuesday. The stock has a market cap of $4.64 billion and a P/E ratio of 78.93. The firm’s 50-day moving average price is $54.37 and its 200 day moving average price is $45.38. GrubHub has a one year low of $32.43 and a one year high of $57.61.
GrubHub (NASDAQ:GRUB) last announced its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. The firm had revenue of $158.79 million during the quarter, compared to analysts’ expectations of $158.13 million. Equities research analysts expect that GrubHub will post $1.10 EPS for the current fiscal year.
In other news, SVP Margo Drucker sold 1,238 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $57.09, for a total transaction of $70,677.42. Following the transaction, the senior vice president now directly owns 892 shares of the company’s stock, valued at $50,924.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Stanley Chia sold 837 shares of the business’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $43.54, for a total transaction of $36,442.98. Following the transaction, the chief operating officer now directly owns 1,215 shares in the company, valued at $52,901.10. The disclosure for this sale can be found here. Insiders sold 378,312 shares of company stock valued at $19,993,548 in the last ninety days.
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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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