GrubHub Inc (NYSE:GRUB) Given Consensus Recommendation of “Hold” by Analysts

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Shares of GrubHub Inc (NYSE:GRUB) have been given a consensus rating of “Hold” by the thirty-one research firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $55.58.

Several research analysts have recently commented on GRUB shares. Wedbush lifted their target price on GrubHub from $38.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Craig Hallum lifted their target price on GrubHub from $45.00 to $65.00 and gave the stock a “hold” rating in a research note on Thursday, June 11th. Canaccord Genuity downgraded GrubHub from a “buy” rating to a “hold” rating and lifted their target price for the stock from $65.00 to $70.00 in a research note on Thursday, June 25th. DA Davidson lifted their target price on GrubHub from $63.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. They noted that the move was a valuation call. Finally, Benchmark downgraded GrubHub from a “buy” rating to a “hold” rating in a research note on Friday, June 12th.

NYSE:GRUB opened at $70.27 on Wednesday. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of -61.64 and a beta of 1.10. GrubHub has a twelve month low of $29.35 and a twelve month high of $79.18. The stock’s 50 day moving average price is $73.06 and its two-hundred day moving average price is $58.32. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.34.

GrubHub (NYSE:GRUB) last posted its quarterly earnings results on Thursday, July 30th. The information services provider reported ($0.17) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.24. The firm had revenue of $459.28 million for the quarter, compared to analyst estimates of $398.16 million. GrubHub had a negative return on equity of 3.66% and a negative net margin of 7.10%. As a group, analysts anticipate that GrubHub will post -1.23 earnings per share for the current year.

In other news, Director Girish Lakshman sold 30,542 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $77.45, for a total transaction of $2,365,477.90. Following the completion of the transaction, the director now owns 17,909 shares of the company’s stock, valued at approximately $1,387,052.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew M. Maloney sold 99,282 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $72.76, for a total value of $7,223,758.32. Following the transaction, the chief executive officer now directly owns 84,383 shares of the company’s stock, valued at approximately $6,139,707.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 203,647 shares of company stock valued at $15,082,122. Corporate insiders own 1.88% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in shares of GrubHub by 4.7% during the 2nd quarter. Principal Financial Group Inc. now owns 282,969 shares of the information services provider’s stock worth $19,893,000 after buying an additional 12,685 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in GrubHub by 9.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,298 shares of the information services provider’s stock worth $582,000 after purchasing an additional 702 shares in the last quarter. Handelsbanken Fonder AB acquired a new position in GrubHub in the 2nd quarter worth about $1,054,000. CNH Partners LLC acquired a new position in GrubHub in the 2nd quarter worth about $22,830,000. Finally, AQR Capital Management LLC acquired a new position in GrubHub in the 2nd quarter worth about $1,676,000. 98.36% of the stock is owned by institutional investors.

About GrubHub

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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