GrubHub Inc (NASDAQ:GRUB)‘s stock had its “buy” rating restated by investment analysts at Loop Capital in a research report issued on Wednesday.

Other equities analysts have also issued research reports about the stock. Wedbush restated an “outperform” rating and set a $47.00 price objective on shares of GrubHub in a research report on Monday, March 6th. Zacks Investment Research upgraded shares of GrubHub from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Tuesday, January 3rd. Pacific Crest restated an “overweight” rating and set a $45.00 price objective on shares of GrubHub in a research report on Friday, February 17th. CIBC upgraded shares of GrubHub from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 12th. Finally, Mizuho restated a “buy” rating and set a $45.00 price objective on shares of GrubHub in a research report on Monday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the stock. GrubHub currently has a consensus rating of “Buy” and an average target price of $42.04.

Analyst Recommendations for GrubHub (NASDAQ:GRUB)

Shares of GrubHub (NASDAQ:GRUB) opened at 34.72 on Wednesday. The stock has a market cap of $2.98 billion and a PE ratio of 59.86. The stock has a 50 day moving average of $33.98 and a 200 day moving average of $37.39. GrubHub has a 1-year low of $21.41 and a 1-year high of $44.58.

GrubHub (NASDAQ:GRUB) last posted its quarterly earnings data on Wednesday, February 8th. The information services provider reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The firm had revenue of $137.50 million for the quarter, compared to the consensus estimate of $137.33 million. During the same period last year, the business posted $0.19 EPS. The company’s quarterly revenue was up 37.5% on a year-over-year basis. Equities research analysts forecast that GrubHub will post $1.07 EPS for the current year.

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In other news, SVP Stanley Chia sold 12,903 shares of the stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $38.07, for a total value of $491,217.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew M. Maloney sold 6,250 shares of the stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $33.10, for a total transaction of $206,875.00. The disclosure for this sale can be found here. Insiders sold 44,817 shares of company stock valued at $1,616,178 over the last three months.

Hedge funds have recently bought and sold shares of the company. Baillie Gifford & Co. raised its stake in GrubHub by 3.1% in the fourth quarter. Baillie Gifford & Co. now owns 8,130,739 shares of the information services provider’s stock worth $305,878,000 after buying an additional 242,368 shares during the period. Norges Bank bought a new stake in GrubHub during the fourth quarter worth about $146,889,000. BlackRock Fund Advisors raised its stake in GrubHub by 10.2% in the third quarter. BlackRock Fund Advisors now owns 2,140,789 shares of the information services provider’s stock worth $92,033,000 after buying an additional 198,040 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in GrubHub by 6.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,026,560 shares of the information services provider’s stock worth $87,122,000 after buying an additional 126,710 shares during the period. Finally, State Street Corp raised its stake in GrubHub by 1.1% in the fourth quarter. State Street Corp now owns 1,491,940 shares of the information services provider’s stock worth $56,128,000 after buying an additional 16,767 shares during the period.

About GrubHub

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.

5 Day Chart for NASDAQ:GRUB

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