GrubHub Inc. (GRUB) Research Coverage Started at Argus

Argus began coverage on shares of GrubHub Inc. (NYSE:GRUB) in a report published on Wednesday morning. The firm issued a buy rating on the stock.

A number of other research analysts have also commented on GRUB. Stifel Nicolaus boosted their price target on shares of GrubHub from $32.00 to $45.00 and gave the company a buy rating in a research report on Friday, July 29th. Barclays PLC upped their target price on shares of GrubHub from $28.00 to $38.00 and gave the stock an equal weight rating in a research report on Friday, July 29th. Wedbush upped their target price on shares of GrubHub from $40.00 to $47.00 and gave the stock an outperform rating in a research report on Friday, July 29th. Monness Crespi & Hardt lowered shares of GrubHub from a buy rating to a neutral rating in a research report on Friday, July 29th. Finally, Mizuho upped their target price on shares of GrubHub from $33.00 to $45.00 and gave the stock a buy rating in a research report on Friday, July 29th. Fourteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $33.68.

Analyst Recommendations for GrubHub (NYSE:GRUB)

Shares of GrubHub (NYSE:GRUB) opened at 41.56 on Wednesday. GrubHub has a one year low of $17.77 and a one year high of $44.58. The firm has a market capitalization of $3.54 billion, a P/E ratio of 86.58 and a beta of 1.87. The firm’s 50-day moving average price is $41.46 and its 200-day moving average price is $32.38.

Institutional investors have recently modified their holdings of the stock. Bridger Management LLC purchased a new position in shares of GrubHub during the first quarter valued at approximately $41,602,000. Bayesian Capital Management LP purchased a new position in shares of GrubHub during the first quarter valued at approximately $342,000. Barclays PLC increased its position in shares of GrubHub by 3.2% in the first quarter. Barclays PLC now owns 87,800 shares of the company’s stock valued at $2,196,000 after buying an additional 2,752 shares during the period. Logan Capital Management Inc. increased its position 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 valued at $405,000 after buying an additional 4,800 shares during the period. Finally, Geode Capital Management LLC increased its position 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 valued at $12,856,000 after buying an additional 17,942 shares during the period.

About GrubHub

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.

5 Day Chart for NYSE:GRUB

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