Several other analysts have also recently issued reports on GRUB. Stifel Nicolaus cut GrubHub from a buy rating to a hold rating in a report on Tuesday, October 4th. Canaccord Genuity upped their price objective on GrubHub from $42.00 to $48.00 and gave the stock a buy rating in a report on Tuesday, September 27th. Bank of America Corp. raised GrubHub from a neutral rating to a buy rating in a report on Thursday. Argus began coverage on GrubHub in a report on Wednesday. They set a buy rating on the stock. Finally, Vetr raised GrubHub from a sell rating to a hold rating and set a $37.67 price objective on the stock in a report on Thursday, August 4th. Fourteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. GrubHub has a consensus rating of Hold and a consensus price target of $33.68.
GrubHub (NYSE:GRUB) traded up 1.55% during midday trading on Monday, reaching $41.82. 1,562,169 shares of the company’s stock traded hands. The stock has a market cap of $3.56 billion, a PE ratio of 87.12 and a beta of 1.87. The stock’s 50 day moving average price is $41.38 and its 200-day moving average price is $32.25. GrubHub has a one year low of $17.77 and a one year high of $44.58.
Several institutional investors have recently bought and sold shares of the company. Logan Capital Management Inc. boosted its stake in shares of GrubHub by 42.4% in the first quarter. Logan Capital Management Inc. now owns 16,111 shares of the company’s stock worth $405,000 after buying an additional 4,800 shares during the period. Bridger Management LLC bought a new stake in shares of GrubHub during the first quarter worth $41,602,000. Barclays PLC boosted its stake in shares of GrubHub by 3.2% in the first quarter. Barclays PLC now owns 87,800 shares of the company’s stock worth $2,196,000 after buying an additional 2,752 shares during the period. Bayesian Capital Management LP bought a new stake in shares of GrubHub during the first quarter worth $342,000. Finally, Geode Capital Management LLC boosted its stake in shares of GrubHub by 3.6% in the first quarter. Geode Capital Management LLC now owns 511,586 shares of the company’s stock worth $12,856,000 after buying an additional 17,942 shares during the period.
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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