Other research analysts also recently issued research reports about the stock. Stifel Nicolaus reiterated a buy rating and set a $45.00 price target (up previously from $32.00) on shares of GrubHub in a research report on Friday, July 29th. Zacks Investment Research upgraded shares of GrubHub from a hold rating to a buy rating and set a $34.00 price target on the stock in a research report on Wednesday, July 13th. Citigroup Inc. reiterated a buy rating on shares of GrubHub in a research report on Wednesday, June 29th. Mizuho reiterated a buy rating and set a $33.00 price target (up previously from $28.00) on shares of GrubHub in a research report on Wednesday, June 22nd. Finally, Canaccord Genuity reiterated a buy rating and set a $42.00 price target (up previously from $34.00) on shares of GrubHub in a research report on Sunday, July 31st. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $41.13.
GrubHub (NASDAQ:GRUB) traded up 0.607% on Monday, hitting $42.265. 571,195 shares of the stock traded hands. The stock has a market capitalization of $3.60 billion and a P/E ratio of 88.052. GrubHub has a 12-month low of $17.77 and a 12-month high of $44.58. The company’s 50 day moving average price is $41.54 and its 200-day moving average price is $32.62.
GrubHub (NASDAQ:GRUB) last posted its earnings results on Thursday, July 28th. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The firm earned $120.20 million during the quarter, compared to the consensus estimate of $114.13 million. During the same period in the previous year, the company posted $0.17 EPS. The firm’s revenue for the quarter was up 36.6% compared to the same quarter last year. Analysts predict that GrubHub will post $0.84 EPS for the current year.
In related news, CFO Adam Dewitt sold 5,000 shares of the stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $40.77, for a total transaction of $203,850.00. Following the completion of the sale, the chief financial officer now directly owns 5,500 shares of the company’s stock, valued at approximately $224,235. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Margo Drucker sold 1,054 shares of the stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $41.58, for a total value of $43,825.32. Following the sale, the senior vice president now directly owns 1,554 shares of the company’s stock, valued at $64,615.32. The disclosure for this sale can be found here.
Hedge funds have recently bought and sold shares of the company. Societe Generale acquired a new stake in GrubHub during the second quarter worth about $113,000. SG Americas Securities LLC acquired a new stake in GrubHub during the second quarter worth about $113,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in GrubHub by 6.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,323 shares of the company’s stock worth $134,000 after buying an additional 269 shares during the last quarter. Sei Investments Co. acquired a new stake in GrubHub during the second quarter worth about $148,000. Finally, BlackRock Inc. boosted its stake in GrubHub by 133.5% in the first quarter. BlackRock Inc. now owns 4,927 shares of the company’s stock worth $124,000 after buying an additional 2,817 shares during the last quarter.
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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