Wells Fargo & Co restated their market perform rating on shares of GrubHub (NYSE:GRUB) in a report issued on Monday, The Fly reports. They currently have a $68.00 target price on the information services provider’s stock, up from their prior target price of $58.00.

A number of other equities analysts have also issued reports on the company. Wedbush lowered GrubHub from an outperform rating to a neutral rating and upped their target price for the company from $65.00 to $70.00 in a research report on Monday. They noted that the move was a valuation call. Oppenheimer upped their target price on GrubHub to $80.00 and gave the company an outperform rating in a research report on Friday. Credit Suisse Group set a $65.00 target price on GrubHub and gave the company a hold rating in a research report on Thursday, January 4th. They noted that the move was a valuation call. Canaccord Genuity reaffirmed a buy rating and issued a $80.00 target price on shares of GrubHub in a research report on Tuesday, January 2nd. Finally, KeyCorp set a $80.00 target price on GrubHub and gave the company a buy rating in a research report on Monday, December 11th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $62.05.

GrubHub (NYSE:GRUB) traded down $2.20 during trading on Monday, reaching $69.16. The company had a trading volume of 2,602,409 shares, compared to its average volume of 1,457,283. The firm has a market cap of $6,000.00, a price-to-earnings ratio of 101.71, a PEG ratio of 3.15 and a beta of 1.67. GrubHub has a 12-month low of $32.43 and a 12-month high of $74.81.

GrubHub (NYSE:GRUB) last released its quarterly earnings results on Wednesday, October 25th. The information services provider reported $0.28 EPS for the quarter, topping 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 EPS. GrubHub’s revenue for the quarter was up 32.1% on a year-over-year basis. research analysts forecast that GrubHub will post 0.89 EPS for the current year.

In related news, CFO Adam Dewitt sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $51.13, for a total transaction of $255,650.00. Following the sale, the chief financial officer now directly owns 20,114 shares of the company’s stock, valued at approximately $1,028,428.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Stanley Chia sold 645 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $60.60, for a total value of $39,087.00. Following the sale, the chief operating officer now directly owns 1,215 shares in the company, valued at $73,629. The disclosure for this sale can be found here. Over the last three months, insiders have sold 442,393 shares of company stock worth $28,330,028. Corporate insiders own 2.37% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC bought a new position in GrubHub during the 3rd quarter worth $105,000. PNC Financial Services Group Inc. grew its stake in GrubHub by 6.4% during the 2nd 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 2nd 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. Asset Dedication LLC bought a new position in GrubHub during the 3rd quarter worth $165,000. Finally, Comerica Bank bought a new position in GrubHub during the 3rd quarter worth $201,000.

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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.

The Fly

Analyst Recommendations for GrubHub (NYSE:GRUB)

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