GrubHub Inc (GRUB) Receives Buy Rating from Stifel Nicolaus
Stifel Nicolaus reissued their buy rating on shares of GrubHub Inc (NASDAQ:GRUB) in a research report report published on Wednesday morning. Stifel Nicolaus currently has a $53.00 price target on the information services provider’s stock.
A number of other research firms have also weighed in on GRUB. Wedbush set a $55.00 target price on shares of GrubHub and gave the stock a buy rating in a research report on Friday, August 4th. Cowen and Company reissued an outperform rating and set a $54.00 target price on shares of GrubHub in a research report on Wednesday, August 9th. BidaskClub raised shares of GrubHub from a hold rating to a buy rating in a research report on Wednesday, August 9th. Canaccord Genuity reissued a buy rating and set a $50.00 target price on shares of GrubHub in a research report on Thursday, August 10th. Finally, Morgan Stanley raised shares of GrubHub from an equal weight rating to an overweight rating and boosted their target price for the stock from $43.00 to $59.00 in a research report on Monday, August 7th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $53.67.
Shares of GrubHub (NASDAQ GRUB) traded down 3.90% during mid-day trading on Wednesday, hitting $51.99. The stock had a trading volume of 1,554,776 shares. The stock has a 50-day moving average price of $54.36 and a 200 day moving average price of $45.58. GrubHub has a 52 week low of $32.43 and a 52 week high of $57.61. The stock has a market cap of $4.49 billion and a P/E ratio of 76.46.
GrubHub (NASDAQ:GRUB) last released its earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. The firm had revenue of $158.79 million during the quarter, compared to analyst estimates of $158.13 million. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. On average, equities analysts forecast that GrubHub will post $1.09 EPS for the current fiscal year.
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In related news, insider Barbara Martin Coppola sold 1,459 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $52.66, for a total value of $76,830.94. Following the sale, the insider now owns 8,875 shares of the company’s stock, valued at $467,357.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Margo Drucker sold 1,736 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $47.18, for a total transaction of $81,904.48. Following the completion of the sale, the senior vice president now directly owns 1,292 shares in the company, valued at approximately $60,956.56. The disclosure for this sale can be found here. In the last three months, insiders sold 389,723 shares of company stock worth $20,612,266.
Institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its stake in GrubHub by 6.4% during the second quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock worth $108,000 after buying an additional 148 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in GrubHub by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock worth $120,000 after buying an additional 285 shares during the last quarter. Fortaleza Asset Management Inc. bought a new stake in GrubHub during the second quarter worth about $146,000. Chicago Partners Investment Group LLC bought a new stake in GrubHub during the second quarter worth about $154,000. Finally, Westfield Capital Management Co. LP bought a new stake in GrubHub during the second quarter worth about $253,000.
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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