Shares of GrubHub Inc (NASDAQ:GRUB) have received an average recommendation of “Hold” from the sixteen research firms that are currently covering the firm. Ten research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $40.45.
Several brokerages have commented on GRUB. Citigroup Inc. restated a “buy” rating on shares of GrubHub in a research note on Wednesday, June 29th. Mizuho restated a “buy” rating and issued a $33.00 target price on shares of GrubHub in a research note on Wednesday, July 27th. Wedbush restated an “outperform” rating and issued a $47.00 target price on shares of GrubHub in a research note on Monday, August 15th. Canaccord Genuity restated a “buy” rating and issued a $42.00 target price (up previously from $34.00) on shares of GrubHub in a research note on Sunday, July 31st. Finally, Bank of America Corp. downgraded GrubHub from a “buy” rating to a “neutral” rating and set a $40.00 target price for the company. in a research note on Friday, July 29th. They noted that the move was a valuation call.
GrubHub (NASDAQ:GRUB) opened at 40.56 on Monday. The stock has a 50 day moving average price of $41.10 and a 200 day moving average price of $31.81. GrubHub has a 1-year low of $17.77 and a 1-year high of $44.58. The firm has a market cap of $3.46 billion and a P/E ratio of 84.50.
GrubHub (NASDAQ:GRUB) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The firm earned $120.20 million during the quarter, compared to analysts’ expectations of $114.13 million. During the same period last year, the business posted $0.17 EPS. The company’s revenue was up 36.6% compared to the same quarter last year. On average, analysts anticipate that GrubHub will post $0.84 EPS for the current year.
In other news, CFO Adam Dewitt sold 5,000 shares of GrubHub stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $31.04, for a total transaction of $155,200.00. Following the completion of the sale, the chief financial officer now owns 3,970 shares in the company, valued at approximately $123,228.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Stanley Chia sold 5,838 shares of GrubHub stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $38.81, for a total value of $226,572.78. The disclosure for this sale can be found here.
Several hedge funds have recently modified their holdings of GRUB. Melvin Capital Management LP acquired a new stake in shares of GrubHub during the second quarter worth about $27,186,000. Emerald Acquisition Ltd. purchased a new position in shares of GrubHub during the second quarter worth $21,899,000. Caledonia Private Investments Pty Ltd boosted its position in shares of GrubHub by 6.7% in the second quarter. Caledonia Private Investments Pty Ltd now owns 9,393,840 shares of the company’s stock worth $291,867,000 after buying an additional 587,561 shares in the last quarter. Lord Abbett & CO. LLC boosted its position in shares of GrubHub by 50.8% in the second quarter. Lord Abbett & CO. LLC now owns 1,130,746 shares of the company’s stock worth $35,132,000 after buying an additional 380,728 shares in the last quarter. Finally, RWC Asset Management LLP purchased a new position in shares of GrubHub during the second quarter worth $9,551,000.
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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