GrubHub (GRUB) Stock Rating Reaffirmed by Stifel Nicolaus
Stifel Nicolaus restated their buy rating on shares of GrubHub (NYSE:GRUB) in a research report report published on Friday morning, AnalystRatings.com reports. Stifel Nicolaus currently has a $110.00 target price on the information services provider’s stock.
“We would be buyers on today’s weakness as we believe Uber’s disclosures highlight how impressive Grubhub’s delivery expansion has been. Surprisingly, European delivery comps (Delivery Takeway.com) are all up in today’s trading despite Uber Eats arguably being a bigger threat to them. Eats highlights from S-1: Uber Eats services over 220,000 restaurants across 500 cities in dozens of countries globally, and the service reaches an additional 19 countries through affiliates. Uber estimates its current offering addresses a $795B serviceable addressable market (SAM, or basically its near-term TAM) in global spend for consumer foodservices across its markets of operation (including those of affiliates) according to 2019 data from Euromonitor.”,” Stifel Nicolaus’ analyst wrote.
A number of other analysts have also commented on GRUB. Zacks Investment Research lowered GrubHub from a hold rating to a strong sell rating in a research note on Wednesday, February 13th. Wedbush set a $100.00 price target on GrubHub and gave the stock an outperform rating in a research note on Friday. BTIG Research began coverage on GrubHub in a research note on Tuesday, April 2nd. They issued a buy rating and a $95.00 price target for the company. ValuEngine raised GrubHub from a hold rating to a buy rating in a research note on Thursday, February 7th. Finally, Barclays dropped their price target on GrubHub from $72.00 to $68.00 and set an underweight rating for the company in a research note on Friday, February 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. GrubHub presently has an average rating of Buy and a consensus price target of $117.09.
GrubHub (NYSE:GRUB) last announced its quarterly earnings results on Thursday, February 7th. The information services provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. GrubHub had a return on equity of 8.25% and a net margin of 7.79%. The company had revenue of $287.72 million during the quarter, compared to analyst estimates of $290.43 million. During the same quarter last year, the firm posted $0.37 earnings per share. The firm’s revenue was up 40.3% on a year-over-year basis. Sell-side analysts anticipate that GrubHub will post 0.83 EPS for the current fiscal year.
In other GrubHub news, CTO Maria Belousova sold 819 shares of the firm’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $81.49, for a total transaction of $66,740.31. Following the completion of the transaction, the chief technology officer now owns 857 shares of the company’s stock, valued at $69,836.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 4,298 shares of company stock valued at $344,320 in the last three months. Insiders own 1.59% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. First Hawaiian Bank purchased a new position in shares of GrubHub in the 1st quarter worth about $30,000. Parallel Advisors LLC raised its position in shares of GrubHub by 99.1% in the 4th quarter. Parallel Advisors LLC now owns 432 shares of the information services provider’s stock worth $33,000 after purchasing an additional 215 shares during the last quarter. LS Investment Advisors LLC purchased a new position in shares of GrubHub in the 4th quarter worth about $64,000. Csenge Advisory Group purchased a new position in shares of GrubHub in the 3rd quarter worth about $69,000. Finally, Massey Quick Simon & CO. LLC raised its position in shares of GrubHub by 20.0% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 1,117 shares of the information services provider’s stock worth $86,000 after purchasing an additional 186 shares during the last quarter.
Grubhub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 105,000 local restaurants with diners with diners in various cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, eat24.com, and menupages.com.
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