Canaccord Genuity restated their buy rating on shares of GrubHub Inc (NASDAQ:GRUB) in a report released on Tuesday morning. Canaccord Genuity currently has a $48.00 price objective on the stock, up from their prior price objective of $42.00.
A number of other equities research analysts have also issued reports on GRUB. Brean Capital began coverage on shares of GrubHub in a report on Saturday, June 4th. They set a buy rating for the company. Morgan Stanley reaffirmed an equal weight rating and set a $26.00 target price (down previously from $30.00) on shares of GrubHub in a report on Tuesday, June 14th. Stifel Nicolaus reaffirmed a buy rating and set a $45.00 target price (up previously from $32.00) on shares of GrubHub in a report on Friday, July 29th. Zacks Investment Research raised shares of GrubHub from a hold rating to a buy rating and set a $34.00 target price for the company in a report on Wednesday, July 13th. Finally, Maxim Group began coverage on shares of GrubHub in a report on Friday, June 3rd. They set a buy rating and a $33.00 target price for the company. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $39.71.
Shares of GrubHub (NASDAQ:GRUB) traded up 0.5723% during trading on Tuesday, hitting $44.0205. 195,805 shares of the company’s stock were exchanged. The company has a 50-day moving average of $40.18 and a 200-day moving average of $30.87. The company has a market cap of $3.75 billion and a P/E ratio of 91.7094. GrubHub has a 12-month low of $17.77 and a 12-month high of $44.39.
GrubHub (NASDAQ:GRUB) last released its earnings results on Thursday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. The business had revenue of $120.20 million for the quarter, compared to analysts’ expectations of $114.13 million. During the same period in the previous year, the company earned $0.17 EPS. GrubHub’s quarterly revenue was up 36.6% compared to the same quarter last year. On average, equities analysts expect that GrubHub will post $0.84 earnings per share for the current fiscal year.
In other news, SVP Margo Drucker sold 1,054 shares of the 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 owns 1,554 shares of the company’s stock, valued at $64,459.92. The sale was disclosed in a 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 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 directly owns 1,649 shares in the company, valued at approximately $69,043.63. The disclosure for this sale can be found here.
Several hedge funds have recently modified their holdings of the company. California State Teachers Retirement System boosted its stake in shares of GrubHub by 6.2% in the second quarter. California State Teachers Retirement System now owns 169,614 shares of the company’s stock valued at $5,270,000 after buying an additional 9,865 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of GrubHub by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 320,356 shares of the company’s stock valued at $9,953,000 after buying an additional 13,879 shares in the last quarter. Huntington National Bank acquired a new stake in shares of GrubHub during the second quarter valued at about $2,714,000. Strs Ohio boosted its stake in shares of GrubHub by 411.8% in the second quarter. Strs Ohio now owns 8,700 shares of the company’s stock valued at $270,000 after buying an additional 7,000 shares in the last quarter. Finally, Morgens Waterfall Vintiadis & Co. Inc. acquired a new stake in shares of GrubHub during the second quarter valued at about $1,554,000.
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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