GRUB has been the topic of several other research reports. Zacks Investment Research cut shares of GrubHub from a buy rating to a hold rating in a research note on Wednesday, September 28th. Canaccord Genuity reaffirmed a buy rating and set a $48.00 target price (up previously from $42.00) on shares of GrubHub in a research note on Tuesday, September 27th. Stifel Nicolaus cut shares of GrubHub from a buy rating to a hold rating and set a $45.00 target price on the stock. in a research note on Tuesday, October 4th. Wedbush reaffirmed an outperform rating and set a $47.00 target price on shares of GrubHub in a research note on Friday, September 16th. Finally, Morgan Stanley lifted their target price on shares of GrubHub from $31.00 to $36.00 and gave the stock an equal weight rating in a research note on Monday, September 12th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $40.00.
GrubHub (NASDAQ:GRUB) opened at 40.35 on Monday. The company has a 50-day moving average of $41.30 and a 200 day moving average of $32.18. The stock has a market cap of $3.44 billion and a P/E ratio of 84.06. GrubHub has a 1-year low of $17.77 and a 1-year high of $44.58.
GrubHub (NASDAQ:GRUB) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The company earned $120.20 million during the quarter, compared to analysts’ expectations of $114.13 million. GrubHub’s revenue was up 36.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.17 EPS. Analysts predict that GrubHub will post $0.84 EPS for the current year.
In other GrubHub news, SVP Margo Drucker sold 1,054 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $41.48, for a total transaction of $43,719.92. Following the sale, the senior vice president now directly owns 1,554 shares in the company, valued at $64,459.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew M. Maloney sold 14,491 shares of the business’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $41.87, for a total transaction of $606,738.17. Following the sale, the chief executive officer now owns 1,649 shares in the company, valued at $69,043.63. The disclosure for this sale can be found here.
A number of hedge funds have recently modified their holdings of GRUB. Fox Run Management L.L.C. acquired a new stake in shares of GrubHub during the third quarter worth about $236,000. First Mercantile Trust Co. raised its stake in shares of GrubHub by 259.9% in the third quarter. First Mercantile Trust Co. now owns 7,990 shares of the company’s stock worth $344,000 after buying an additional 5,770 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in shares of GrubHub by 5.8% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 146,223 shares of the company’s stock worth $6,286,000 after buying an additional 8,072 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of GrubHub by 6.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 282,807 shares of the company’s stock worth $8,787,000 after buying an additional 16,010 shares during the period. Finally, Amalgamated Bank acquired a new stake in shares of GrubHub during the second quarter worth about $329,000.
GrubHub Company Profile
Grubhub Inc (Grubhub) is a provider of an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices.
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