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. “
Several other equities research analysts also recently issued reports on GRUB. Maxim Group restated a hold rating on shares of GrubHub in a research report on Thursday. Wedbush restated an outperform rating and set a $47.00 price objective on shares of GrubHub in a research report on Wednesday. Roth Capital set a $45.00 price objective on shares of GrubHub and gave the stock a buy rating in a research report on Monday, February 6th. Monness Crespi & Hardt downgraded shares of GrubHub from a neutral rating to a sell rating and set a $32.00 price objective for the company. in a research report on Tuesday, January 3rd. Finally, Pacific Crest initiated coverage on shares of GrubHub in a research report on Friday, February 17th. They set an overweight rating and a $45.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $42.04.
GrubHub (NASDAQ:GRUB) traded down 0.245% during mid-day trading on Thursday, reaching $34.635. The company had a trading volume of 1,722,053 shares. GrubHub has a 12 month low of $21.41 and a 12 month high of $44.58. The stock has a market cap of $2.98 billion and a PE ratio of 59.716. The firm’s 50-day moving average price is $33.98 and its 200-day moving average price is $37.39.
GrubHub (NASDAQ:GRUB) last issued its earnings results on Wednesday, February 8th. The information services provider reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The company had revenue of $137.50 million for the quarter, compared to analyst estimates of $137.33 million. During the same period in the prior year, the business earned $0.19 EPS. The business’s revenue was up 37.5% compared to the same quarter last year. Equities research analysts forecast that GrubHub will post $1.07 EPS for the current fiscal year.
In other GrubHub news, CFO Adam Dewitt sold 2,000 shares of the business’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $35.00, for a total transaction of $70,000.00. Following the sale, the chief financial officer now owns 28,223 shares of the company’s stock, valued at $987,805. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Stanley Chia sold 12,903 shares of the business’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $38.07, for a total transaction of $491,217.21. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,817 shares of company stock worth $1,616,178.
Several hedge funds have recently bought and sold shares of GRUB. BlackRock Investment Management LLC raised its position in shares of GrubHub by 0.5% in the third quarter. BlackRock Investment Management LLC now owns 302,663 shares of the information services provider’s stock worth $13,011,000 after buying an additional 1,518 shares during the period. RWC Asset Management LLP raised its position in shares of GrubHub by 2.9% in the third quarter. RWC Asset Management LLP now owns 316,163 shares of the information services provider’s stock worth $13,592,000 after buying an additional 8,769 shares during the period. Columbus Circle Investors acquired a new position in shares of GrubHub during the third quarter worth about $15,533,000. First Trust Advisors LP raised its position in shares of GrubHub by 179.6% in the third quarter. First Trust Advisors LP now owns 46,299 shares of the information services provider’s stock worth $1,990,000 after buying an additional 29,740 shares during the period. Finally, KCG Holdings Inc. acquired a new position in shares of GrubHub during the third quarter worth about $678,000.
Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.
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