GrubHub Inc (GRUB) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research lowered shares of GrubHub Inc (NASDAQ:GRUB) from a buy rating to a hold rating in a research report released on Thursday morning.

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.

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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.

About GrubHub

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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