Mizuho Analysts Give GrubHub (GRUB) a $105.00 Price Target

Mizuho set a $105.00 target price on GrubHub (NYSE:GRUB) in a research note released on Wednesday morning. The firm currently has a buy rating on the information services provider’s stock.

A number of other equities research analysts have also recently commented on GRUB. Roth Capital increased their price target on shares of GrubHub from $65.00 to $78.00 and gave the company a buy rating in a report on Monday, February 5th. UBS cut shares of GrubHub from an outperform rating to a market perform rating in a report on Monday, February 5th. Credit Suisse Group set a $65.00 price target on shares of GrubHub and gave the company a hold rating in a report on Thursday, January 4th. They noted that the move was a valuation call. Cowen reiterated an outperform rating on shares of GrubHub in a report on Monday, March 12th. Finally, Monness Crespi & Hardt increased their price target on shares of GrubHub from $42.00 to $65.00 and gave the company a sell rating in a report on Friday, February 9th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and an average target price of $75.82.

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NYSE:GRUB opened at $97.09 on Wednesday. GrubHub has a 52 week low of $33.06 and a 52 week high of $112.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market cap of $8,735.12, a PE ratio of 99.07, a PEG ratio of 3.73 and a beta of 0.98.

GrubHub (NYSE:GRUB) last posted its quarterly earnings results on Thursday, February 8th. The information services provider reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.07. GrubHub had a net margin of 14.49% and a return on equity of 8.29%. The firm had revenue of $205.10 million for the quarter, compared to analysts’ expectations of $201.55 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The business’s revenue for the quarter was up 49.2% on a year-over-year basis. equities analysts predict that GrubHub will post 1.16 earnings per share for the current fiscal year.

In other news, CTO Maria Belousova sold 400 shares of GrubHub stock in a transaction on Monday, March 5th. The shares were sold at an average price of $99.18, for a total transaction of $39,672.00. Following the transaction, the chief technology officer now owns 857 shares in the company, valued at approximately $84,997.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Adam Dewitt sold 5,000 shares of GrubHub stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $71.20, for a total transaction of $356,000.00. Following the transaction, the chief financial officer now owns 16,366 shares in the company, valued at approximately $1,165,259.20. The disclosure for this sale can be found here. Insiders have sold a total of 201,831 shares of company stock worth $16,568,467 in the last quarter. Corporate insiders own 2.37% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new position in shares of GrubHub during the 3rd quarter worth $105,000. QS Investors LLC purchased a new position in shares of GrubHub during the 4th quarter worth $129,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of GrubHub by 53.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,533 shares of the information services provider’s stock worth $182,000 after acquiring an additional 885 shares during the last quarter. Comerica Bank purchased a new position in shares of GrubHub during the 3rd quarter worth $201,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of GrubHub during the 4th quarter worth $202,000.

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GrubHub Company Profile

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.

Analyst Recommendations for GrubHub (NYSE:GRUB)

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