GrubHub Inc (GRUB) Receives $132.60 Consensus PT from Analysts
GrubHub Inc (NYSE:GRUB) has been given a consensus rating of “Hold” by the twenty-seven brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $132.60.
Several analysts have weighed in on GRUB shares. Zacks Investment Research cut GrubHub from a “buy” rating to a “hold” rating in a report on Friday, August 31st. Wells Fargo & Co boosted their price objective on GrubHub from $90.00 to $95.00 and gave the stock a “market perform” rating in a report on Wednesday, May 30th. Canaccord Genuity reissued a “buy” rating and set a $130.00 price objective on shares of GrubHub in a report on Thursday, May 31st. KeyCorp boosted their price objective on GrubHub from $115.00 to $175.00 and gave the stock an “overweight” rating in a report on Thursday, July 26th. Finally, Oppenheimer boosted their price objective on GrubHub from $100.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, June 14th.
In related news, CEO Matthew M. Maloney sold 3,125 shares of the business’s stock in a transaction that occurred on Wednesday, June 27th. The stock was sold at an average price of $104.52, for a total value of $326,625.00. Following the completion of the transaction, the chief executive officer now directly owns 6,124 shares in the company, valued at approximately $640,080.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Adam Dewitt sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $102.90, for a total value of $257,250.00. Following the completion of the transaction, the chief financial officer now owns 18,506 shares of the company’s stock, valued at $1,904,267.40. The disclosure for this sale can be found here. Insiders sold a total of 96,052 shares of company stock valued at $12,056,177 over the last quarter. 1.59% of the stock is owned by insiders.
NYSE:GRUB traded up $3.38 on Friday, hitting $138.19. 15,810 shares of the stock were exchanged, compared to its average volume of 1,012,780. The stock has a market capitalization of $12.28 billion, a P/E ratio of 141.52, a P/E/G ratio of 3.61 and a beta of 1.13. GrubHub has a 52 week low of $50.10 and a 52 week high of $149.35. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.08.
GrubHub (NYSE:GRUB) last announced its quarterly earnings data on Wednesday, July 25th. The information services provider reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.19. The firm had revenue of $239.70 million during the quarter, compared to analysts’ expectations of $233.05 million. GrubHub had a return on equity of 10.52% and a net margin of 15.16%. The company’s quarterly revenue was up 50.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 EPS. equities analysts predict that GrubHub will post 1.5 EPS for the current year.
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 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.
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