GrubHub Inc (NYSE:GRUB) has been assigned an average recommendation of “Hold” from the thirty-one research firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, twenty-four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $54.74.
A number of equities research analysts have recently weighed in on GRUB shares. Wedbush boosted their price target on GrubHub from $38.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Needham & Company LLC reiterated a “hold” rating on shares of GrubHub in a report on Thursday, May 7th. Exane BNP Paribas downgraded GrubHub from a “neutral” rating to an “underperform” rating and set a $30.00 price target for the company. in a report on Monday, April 27th. KeyCorp reiterated a “hold” rating on shares of GrubHub in a report on Thursday, June 11th. Finally, Canaccord Genuity downgraded GrubHub from a “buy” rating to a “hold” rating and boosted their price target for the company from $65.00 to $70.00 in a report on Thursday, June 25th.
GRUB stock opened at $72.24 on Tuesday. The company has a quick ratio of 2.52, a current ratio of 1.59 and a debt-to-equity ratio of 0.42. GrubHub has a 52-week low of $29.35 and a 52-week high of $73.43. The stock’s 50 day moving average is $68.25 and its two-hundred day moving average is $53.98. The company has a market capitalization of $6.63 billion, a PE ratio of -63.37 and a beta of 1.24.
GrubHub (NYSE:GRUB) last issued its quarterly earnings results on Thursday, July 30th. The information services provider reported ($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.24. GrubHub had a negative return on equity of 3.66% and a negative net margin of 7.10%. The business had revenue of $459.28 million during the quarter, compared to the consensus estimate of $398.16 million. As a group, sell-side analysts anticipate that GrubHub will post -1.28 EPS for the current year.
In other news, CEO Matthew M. Maloney sold 1,000 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $71.55, for a total value of $71,550.00. Following the completion of the sale, the chief executive officer now owns 48,922 shares in the company, valued at $3,500,369.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Adam Dewitt sold 1,200 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $44.59, for a total value of $53,508.00. Following the completion of the sale, the chief financial officer now owns 55,574 shares of the company’s stock, valued at approximately $2,478,044.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,659 shares of company stock valued at $2,649,541. Insiders own 1.88% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of GrubHub by 3.9% in the first quarter. State Street Corp now owns 2,994,532 shares of the information services provider’s stock valued at $121,967,000 after buying an additional 113,431 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of GrubHub by 6.8% in the first quarter. Nuveen Asset Management LLC now owns 2,745,050 shares of the information services provider’s stock valued at $111,806,000 after buying an additional 173,843 shares during the period. Pelham Capital Ltd. acquired a new stake in shares of GrubHub during the second quarter worth $106,941,000. Geode Capital Management LLC raised its position in shares of GrubHub by 3.2% during the first quarter. Geode Capital Management LLC now owns 1,014,547 shares of the information services provider’s stock worth $41,286,000 after purchasing an additional 31,887 shares during the period. Finally, Balyasny Asset Management LLC raised its position in shares of GrubHub by 761.2% during the first quarter. Balyasny Asset Management LLC now owns 796,613 shares of the information services provider’s stock worth $32,446,000 after purchasing an additional 704,113 shares during the period.
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.
Further Reading: Are all No-Load Funds Equal?
Receive News & Ratings for GrubHub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub and related companies with MarketBeat.com's FREE daily email newsletter.