Cowen and Company reiterated their outperform rating on shares of GrubHub Inc (NASDAQ:GRUB) in a research note released on Tuesday morning. They currently have a $54.00 price target on the information services provider’s stock.

Several other equities analysts have also recently issued reports on the company. CIBC raised their price target on GrubHub from $42.00 to $48.00 and gave the company an outperform rating in a report on Friday, April 28th. Zacks Investment Research upgraded GrubHub from a sell rating to a hold rating and set a $39.00 price target on the stock in a report on Tuesday, April 11th. Vetr upgraded GrubHub from a sell rating to a strong-buy rating and set a $62.06 price target on the stock in a report on Monday, July 17th. Maxim Group reiterated a hold rating on shares of GrubHub in a report on Thursday, April 20th. Finally, Roth Capital set a $45.00 price target on GrubHub and gave the company a buy rating in a report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $47.29.

GrubHub (NASDAQ GRUB) traded down 0.74% during midday trading on Tuesday, reaching $46.64. 994,010 shares of the company traded hands. The company has a market cap of $4.02 billion and a price-to-earnings ratio of 70.67. GrubHub has a 12-month low of $32.43 and a 12-month high of $48.16. The company has a 50-day moving average price of $44.79 and a 200-day moving average price of $40.11.

GrubHub (NASDAQ:GRUB) last announced its earnings results on Thursday, April 27th. The information services provider reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.10. GrubHub had a return on equity of 7.21% and a net margin of 11.35%. The company had revenue of $156.10 million during the quarter, compared to analyst estimates of $152.97 million. During the same period last year, the company posted $0.20 earnings per share. The firm’s quarterly revenue was up 39.1% compared to the same quarter last year. On average, analysts predict that GrubHub will post $1.12 earnings per share for the current fiscal year.

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In other news, insider Maria Belousova sold 17,808 shares of the stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $40.80, for a total value of $726,566.40. Following the completion of the sale, the insider now owns 16,767 shares of the company’s stock, valued at $684,093.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Adam Dewitt sold 2,000 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $46.34, for a total value of $92,680.00. Following the completion of the sale, the chief financial officer now directly owns 24,224 shares of the company’s stock, valued at approximately $1,122,540.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 189,567 shares of company stock valued at $8,482,424.

Several large investors have recently made changes to their positions in the stock. Caledonia Private Investments Pty Ltd raised its stake in shares of GrubHub by 14.0% in the first quarter. Caledonia Private Investments Pty Ltd now owns 9,582,509 shares of the information services provider’s stock valued at $315,169,000 after buying an additional 1,174,124 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of GrubHub by 1.4% in the first quarter. Baillie Gifford & Co. now owns 8,242,999 shares of the information services provider’s stock valued at $271,112,000 after buying an additional 112,260 shares during the last quarter. Vanguard Group Inc. raised its position in shares of GrubHub by 4.3% in the first quarter. Vanguard Group Inc. now owns 6,748,946 shares of the information services provider’s stock valued at $221,973,000 after buying an additional 281,024 shares during the last quarter. BlackRock Inc. raised its position in shares of GrubHub by 75,703.7% in the first quarter. BlackRock Inc. now owns 5,080,365 shares of the information services provider’s stock valued at $167,094,000 after buying an additional 5,073,663 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of GrubHub by 14.3% in the first quarter. JPMorgan Chase & Co. now owns 3,095,577 shares of the information services provider’s stock valued at $101,814,000 after buying an additional 387,276 shares during the last quarter.

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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