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.
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.
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.
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