GrubHub (GRUB) Now Covered by Gordon Haskett

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Gordon Haskett started coverage on shares of GrubHub (NYSE:GRUB) in a research note published on Monday, BenzingaRatingsTable reports. The firm issued a buy rating and a $75.00 price target on the information services provider’s stock.

Other equities research analysts also recently issued reports about the stock. DA Davidson decreased their price objective on shares of GrubHub to $100.00 and set a buy rating for the company in a research note on Friday, February 8th. Mizuho reiterated a buy rating and set a $120.00 price objective on shares of GrubHub in a research note on Friday, February 8th. Craig Hallum decreased their price objective on shares of GrubHub from $150.00 to $120.00 and set a buy rating for the company in a research note on Friday, February 8th. Roth Capital upgraded shares of GrubHub from a neutral rating to a buy rating and boosted their price objective for the stock from $92.00 to $95.00 in a research note on Friday, February 8th. Finally, Bank of America upgraded shares of GrubHub from a neutral rating to a buy rating and set a $108.00 price objective for the company in a research note on Friday, February 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $113.91.

GRUB opened at $68.50 on Monday. The company has a quick ratio of 1.63, a current ratio of 1.51 and a debt-to-equity ratio of 0.28. GrubHub has a 52-week low of $60.20 and a 52-week high of $149.35. The company has a market cap of $5.76 billion, a price-to-earnings ratio of 55.69, a price-to-earnings-growth ratio of 3.36 and a beta of 1.18.

GrubHub (NYSE:GRUB) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.19. GrubHub had a net margin of 4.97% and a return on equity of 6.14%. The company had revenue of $323.77 million during the quarter, compared to the consensus estimate of $322.23 million. During the same period in the previous year, the firm earned $0.52 earnings per share. GrubHub’s revenue for the quarter was up 39.2% on a year-over-year basis. On average, research analysts predict that GrubHub will post 0.79 earnings per share for the current fiscal year.

In related news, insider Samuel Pike Hall sold 2,818 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $75.00, for a total value of $211,350.00. Following the sale, the insider now directly owns 940 shares of the company’s stock, valued at $70,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew M. Maloney purchased 15,416 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was bought at an average cost of $64.87 per share, for a total transaction of $1,000,035.92. Following the completion of the acquisition, the chief executive officer now directly owns 13,621 shares of the company’s stock, valued at $883,594.27. The disclosure for this purchase can be found here. Insiders sold 3,544 shares of company stock worth $266,221 over the last ninety days. 1.88% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. raised its holdings in GrubHub by 9.6% in the fourth quarter. Baillie Gifford & Co. now owns 9,352,030 shares of the information services provider’s stock valued at $718,330,000 after acquiring an additional 821,632 shares in the last quarter. BlackRock Inc. raised its holdings in GrubHub by 0.5% in the first quarter. BlackRock Inc. now owns 4,529,013 shares of the information services provider’s stock valued at $314,632,000 after acquiring an additional 21,838 shares in the last quarter. Pelham Capital Ltd. raised its holdings in GrubHub by 16.2% in the first quarter. Pelham Capital Ltd. now owns 2,646,607 shares of the information services provider’s stock valued at $183,860,000 after acquiring an additional 369,000 shares in the last quarter. Carmignac Gestion raised its holdings in GrubHub by 88.8% in the fourth quarter. Carmignac Gestion now owns 2,400,433 shares of the information services provider’s stock valued at $184,377,000 after acquiring an additional 1,129,108 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of GrubHub by 11.9% during the fourth quarter. First Trust Advisors LP now owns 2,165,695 shares of the information services provider’s stock worth $166,347,000 after purchasing an additional 231,012 shares during the period.

GrubHub Company Profile

Grubhub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 105,000 local restaurants with diners with diners in various cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, eat24.com, and menupages.com.

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Analyst Recommendations for GrubHub (NYSE:GRUB)

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