Stifel Nicolaus Reiterates “$105.00” Price Target for GrubHub (NYSE:GRUB)
GrubHub (NYSE:GRUB) has been given a $105.00 price objective by equities research analysts at Stifel Nicolaus in a report issued on Friday, AnalystRatings.com reports. The brokerage presently has a “buy” rating on the information services provider’s stock. Stifel Nicolaus’ price target suggests a potential upside of 59.31% from the company’s current price.
The analysts wrote, “We reiterate our Buy rating and $105 Target Price on Grubhub shares.””
A number of other equities analysts also recently issued reports on the company. Benchmark restated a “buy” rating and issued a $90.00 price target on shares of GrubHub in a research note on Wednesday, July 31st. Citigroup upgraded GrubHub from a “neutral” rating to a “buy” rating and raised their price target for the stock from $75.00 to $91.00 in a research note on Tuesday, June 25th. Cowen dropped their price target on GrubHub from $91.00 to $86.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Wedbush set a $90.00 price target on GrubHub and gave the stock an “in-line” rating in a research note on Wednesday, July 31st. Finally, Credit Suisse Group dropped their price target on GrubHub from $140.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $95.45.
GrubHub (NYSE:GRUB) last posted its earnings results on Tuesday, July 30th. The information services provider reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.13. The business had revenue of $325.06 million during the quarter, compared to analyst estimates of $317.39 million. GrubHub had a return on equity of 4.25% and a net margin of 2.17%. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 EPS. As a group, research analysts predict that GrubHub will post 0.69 EPS for the current year.
In other GrubHub news, insider Samuel Pike Hall sold 704 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $75.45, for a total transaction of $53,116.80. Following the sale, the insider now directly owns 1,175 shares of the company’s stock, valued at $88,653.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Adam Dewitt sold 2,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $75.45, for a total value of $150,900.00. Following the sale, the chief financial officer now directly owns 44,044 shares in the company, valued at $3,323,119.80. The disclosure for this sale can be found here. Insiders have sold 27,615 shares of company stock worth $2,002,617 over the last quarter. 1.88% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the business. Elkfork Partners LLC bought a new stake in shares of GrubHub in the second quarter worth about $26,000. Meadow Creek Investment Management LLC bought a new stake in shares of GrubHub in the second quarter worth about $33,000. YorkBridge Wealth Partners LLC bought a new stake in shares of GrubHub in the first quarter worth about $35,000. Glen Harbor Capital Management LLC bought a new stake in shares of GrubHub in the second quarter worth about $40,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of GrubHub in the second quarter worth about $41,000.
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 105,000 local restaurants with diners with diners in various cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, eat24.com, and menupages.com.
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