GrubHub (GRUB) PT Set at $80.00 by KeyCorp
GrubHub (NYSE:GRUB) received a $80.00 price objective from equities researchers at KeyCorp in a research report issued on Monday. The brokerage presently has a “buy” rating on the information services provider’s stock. KeyCorp’s price target points to a potential upside of 17.27% from the company’s current price.
Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered GrubHub from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Citigroup lowered GrubHub from a “buy” rating to a “neutral” rating and boosted their price target for the company from $52.00 to $56.00 in a research note on Thursday, October 5th. Credit Suisse Group lowered GrubHub from an “outperform” rating to a “neutral” rating and boosted their price target for the company from $50.00 to $53.00 in a research note on Monday, September 11th. Bank of America boosted their price target on GrubHub from $54.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday, September 5th. Finally, Canaccord Genuity upped their price objective on GrubHub from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, September 18th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $59.96.
GrubHub (NYSE GRUB) traded down $0.72 during trading on Monday, hitting $68.22. The stock had a trading volume of 1,112,800 shares, compared to its average volume of 1,962,603. GrubHub has a twelve month low of $32.43 and a twelve month high of $70.15. The company has a market capitalization of $5,914.30, a price-to-earnings ratio of 78.41, a PEG ratio of 3.74 and a beta of 1.67.
GrubHub (NYSE:GRUB) last issued 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. GrubHub had a return on equity of 7.45% and a net margin of 9.60%. The firm had revenue of $163.10 million for the quarter, compared to analyst estimates of $159.63 million. During the same period in the previous year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. equities analysts expect that GrubHub will post 0.89 EPS for the current year.
In other news, insider Barbara Martin Coppola sold 2,342 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $54.32, for a total value of $127,217.44. Following the transaction, the insider now owns 10,488 shares of the company’s stock, valued at approximately $569,708.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Margo Drucker sold 1,736 shares of the stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $52.92, for a total value of $91,869.12. Following the completion of the transaction, the senior vice president now directly owns 891 shares in the company, valued at approximately $47,151.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 327,383 shares of company stock worth $19,612,812. Company insiders own 2.37% of the company’s stock.
Several hedge funds have recently bought and sold shares of GRUB. Carmignac Gestion lifted its stake in shares of GrubHub by 55.4% in the 2nd quarter. Carmignac Gestion now owns 4,976,545 shares of the information services provider’s stock valued at $216,977,000 after purchasing an additional 1,773,959 shares during the period. Fiera Capital Corp bought a new stake in shares of GrubHub in the 2nd quarter valued at $40,593,000. Caledonia Private Investments Pty Ltd increased its position in shares of GrubHub by 8.0% in the 3rd quarter. Caledonia Private Investments Pty Ltd now owns 10,702,879 shares of the information services provider’s stock valued at $563,614,000 after buying an additional 790,969 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of GrubHub in the 2nd quarter valued at $28,875,000. Finally, Sylebra HK Co Ltd bought a new stake in shares of GrubHub in the 2nd quarter valued at $27,341,000.
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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