GrubHub Inc (NASDAQ:GRUB) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “GrubHub Inc. is an online and mobile food ordering company. The Company’s platform assists diners in searching for local restaurant, tracking the order and re-order for convenience. It operates within the United States and the United Kingdom. GrubHub Inc. is based in United States. “
Several other equities analysts have also recently commented on GRUB. Citigroup Inc. restated a “buy” rating and set a $30.00 target price on shares of GrubHub in a research report on Thursday, June 2nd. Maxim Group started coverage on GrubHub in a research report on Friday, June 3rd. They set a “buy” rating and a $33.00 target price for the company. Brean Capital started coverage on GrubHub in a research report on Saturday, June 4th. They set a “buy” rating for the company. Monness Crespi & Hardt upgraded GrubHub from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Monday, June 6th. Finally, Morgan Stanley restated an “equal weight” rating and set a $26.00 target price (down from $30.00) on shares of GrubHub in a research report on Tuesday, June 14th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. GrubHub currently has an average rating of “Hold” and an average price target of $39.71.
GrubHub (NASDAQ:GRUB) opened at 42.31 on Wednesday. The company has a market capitalization of $3.61 billion and a P/E ratio of 88.15. GrubHub has a 12 month low of $17.77 and a 12 month high of $44.58. The stock’s 50 day moving average price is $40.43 and its 200-day moving average price is $31.05.
GrubHub (NASDAQ:GRUB) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. The company had revenue of $120.20 million for the quarter, compared to the consensus estimate of $114.13 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. The business’s revenue for the quarter was up 36.6% compared to the same quarter last year. On average, equities research analysts predict that GrubHub will post $0.84 EPS for the current fiscal year.
In other news, Director Benjamin C. Spero sold 1,968,007 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $38.84, for a total value of $76,437,391.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $41.87, for a total value of $606,738.17. Following the completion of the sale, the chief executive officer now directly owns 1,649 shares of the company’s stock, valued at approximately $69,043.63. The disclosure for this sale can be found here.
Large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised its stake in GrubHub by 6.2% in the second quarter. California State Teachers Retirement System now owns 169,614 shares of the company’s stock worth $5,270,000 after buying an additional 9,865 shares during the period. Bank of New York Mellon Corp raised its position in GrubHub by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 320,356 shares of the company’s stock worth $9,953,000 after buying an additional 13,879 shares during the last quarter. Huntington National Bank acquired a new position in GrubHub during the second quarter worth approximately $2,714,000. Strs Ohio raised its position in GrubHub by 411.8% in the second quarter. Strs Ohio now owns 8,700 shares of the company’s stock worth $270,000 after buying an additional 7,000 shares during the last quarter. Finally, Morgens Waterfall Vintiadis & Co. Inc. acquired a new position in GrubHub during the second quarter worth approximately $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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