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. “
A number of other equities research analysts also recently commented on the company. Canaccord Genuity reaffirmed a buy rating and set a $48.00 target price (up previously from $42.00) on shares of GrubHub in a report on Tuesday, September 27th. Wedbush reaffirmed an outperform rating and set a $47.00 target price on shares of GrubHub in a report on Friday, September 16th. Morgan Stanley lifted their target price on GrubHub from $31.00 to $36.00 and gave the stock an equal weight rating in a report on Monday, September 12th. Jefferies Group began coverage on GrubHub in a report on Tuesday, August 16th. They set a hold rating and a $43.00 target price for the company. Finally, Pacific Crest reaffirmed a sector perform rating on shares of GrubHub in a report on Tuesday, August 2nd. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $39.71.
GrubHub (NASDAQ:GRUB) opened at 42.99 on Wednesday. The company has a market capitalization of $3.66 billion and a P/E ratio of 89.56. The firm has a 50-day moving average price of $40.56 and a 200 day moving average price of $31.18. GrubHub has a 1-year low of $17.77 and a 1-year high of $44.58.
GrubHub (NASDAQ:GRUB) last released its earnings results on Thursday, July 28th. The company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. The firm had revenue of $120.20 million for the quarter, compared to analyst estimates of $114.13 million. During the same period last year, the firm earned $0.17 EPS. The company’s revenue for the quarter was up 36.6% compared to the same quarter last year. On average, equities analysts predict that GrubHub will post $0.84 EPS for the current year.
In other news, CEO Matthew M. Maloney sold 14,491 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The stock was 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 in the company, valued at $69,043.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Benjamin C. Spero sold 1,968,007 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $38.84, for a total value of $76,437,391.88. The disclosure for this sale can be found here.
Several hedge funds have recently bought and sold shares of the stock. Societe Generale purchased a new stake in shares of GrubHub during the second quarter valued at approximately $113,000. SG Americas Securities LLC purchased a new stake in shares of GrubHub during the second quarter valued at approximately $113,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of 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 valued at $134,000 after buying an additional 269 shares during the last quarter. Sei Investments Co. purchased a new stake in shares of GrubHub during the second quarter valued at approximately $148,000. Finally, BlackRock Inc. boosted its stake in shares of GrubHub by 133.5% in the first quarter. BlackRock Inc. now owns 4,927 shares of the company’s stock valued at $124,000 after buying an additional 2,817 shares during the last quarter.
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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