Zacks Investment Research cut shares of GrubHub Inc (NASDAQ:GRUB) from a buy rating to a hold rating in a report published on Friday.

According to Zacks, “GrubHub Inc. is an online and mobile food ordering company. The Company’s platform assists diners in searching for local restaurant, tracking the order and re-order for convenience. It operates within the United States and the United Kingdom. GrubHub Inc. is based in United States. “

A number of other analysts have also recently weighed in on GRUB. DA Davidson reissued a hold rating and set a $50.00 target price (up from $48.00) on shares of GrubHub in a report on Friday, October 27th. Barclays PLC increased their target price on shares of GrubHub from $45.00 to $56.00 and gave the stock an equal weight rating in a report on Thursday, October 26th. Roth Capital increased their target price on shares of GrubHub from $58.00 to $65.00 and gave the stock a buy rating in a report on Thursday, October 26th. Oppenheimer Holdings, Inc. increased their target price on shares of GrubHub from $60.00 to $66.00 and gave the stock an outperform rating in a report on Thursday, October 26th. Finally, Credit Suisse Group set a $58.00 target price on shares of GrubHub and gave the stock a neutral rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $58.18.

Shares of GrubHub (GRUB) opened at $63.62 on Friday. GrubHub has a twelve month low of $32.43 and a twelve month high of $63.81.

GrubHub (NASDAQ:GRUB) last posted its quarterly earnings results on Wednesday, October 25th. The information services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. The firm had revenue of $163.10 million for the quarter, compared to analysts’ expectations of $159.63 million. GrubHub had a net margin of 7.97% and a return on equity of 5.01%. The firm’s quarterly revenue was up 32.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share.

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In other news, CEO Matthew M. Maloney sold 36,932 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $62.43, for a total transaction of $2,305,664.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Adam Dewitt sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $51.13, for a total transaction of $255,650.00. Following the transaction, the chief financial officer now owns 20,114 shares of the company’s stock, valued at approximately $1,028,428.82. The disclosure for this sale can be found here. Insiders sold a total of 383,528 shares of company stock valued at $21,928,018 in the last quarter.

Several large investors have recently bought and sold shares of the company. Caledonia Private Investments Pty Ltd boosted its position in shares of GrubHub by 3.4% during the 2nd quarter. Caledonia Private Investments Pty Ltd now owns 9,911,910 shares of the information services provider’s stock valued at $432,159,000 after purchasing an additional 329,401 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of GrubHub by 1.7% during the 2nd quarter. Baillie Gifford & Co. now owns 8,385,444 shares of the information services provider’s stock valued at $365,605,000 after purchasing an additional 142,445 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of GrubHub by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,952,748 shares of the information services provider’s stock valued at $303,139,000 after purchasing an additional 203,802 shares in the last quarter. BlackRock Inc. boosted its position in shares of GrubHub by 4.3% during the 2nd quarter. BlackRock Inc. now owns 5,296,672 shares of the information services provider’s stock valued at $230,935,000 after purchasing an additional 216,307 shares in the last quarter. Finally, Carmignac Gestion boosted its position in shares of GrubHub by 5.2% during the 3rd quarter. Carmignac Gestion now owns 5,233,974 shares of the information services provider’s stock valued at $275,621,000 after purchasing an additional 257,429 shares in 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.

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Analyst Recommendations for GrubHub (NASDAQ:GRUB)

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