Shares of GrubHub Inc (NYSE:GRUB) have been assigned an average recommendation of “Buy” from the twenty-seven research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $113.75.
GRUB has been the topic of a number of research reports. Wedbush reaffirmed an “outperform” rating on shares of GrubHub in a research note on Monday, April 29th. Roth Capital downgraded shares of GrubHub from a “buy” rating to a “neutral” rating in a research note on Monday, February 11th. Argus downgraded shares of GrubHub from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Credit Suisse Group increased their target price on shares of GrubHub from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, February 8th. Finally, Bank of America raised shares of GrubHub from a “neutral” rating to a “buy” rating and set a $108.00 target price on the stock in a research report on Friday, February 8th.
In other news, CEO Matthew M. Maloney purchased 15,416 shares of the firm’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Samuel Pike Hall sold 2,818 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $75.00, for a total transaction of $211,350.00. Following the sale, the insider now owns 940 shares of the company’s stock, valued at $70,500. The disclosure for this sale can be found here. Insiders have sold 3,365 shares of company stock worth $248,162 over the last three months. Company insiders own 1.88% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. First Hawaiian Bank bought a new stake in GrubHub during the first quarter valued at about $30,000. Parallel Advisors LLC lifted its stake in shares of GrubHub by 99.1% in the fourth quarter. Parallel Advisors LLC now owns 432 shares of the information services provider’s stock valued at $33,000 after buying an additional 215 shares during the period. Rockefeller Capital Management L.P. bought a new stake in shares of GrubHub in the first quarter valued at about $33,000. YorkBridge Wealth Partners LLC bought a new stake in shares of GrubHub in the first quarter valued at about $35,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of GrubHub in the first quarter valued at about $46,000.
Shares of NYSE GRUB traded up $1.89 during mid-day trading on Thursday, reaching $64.83. The company had a trading volume of 107,000 shares, compared to its average volume of 1,866,751. GrubHub has a twelve month low of $60.20 and a twelve month high of $149.35. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $5.94 billion, a PE ratio of 52.64, a price-to-earnings-growth ratio of 3.55 and a beta of 1.12.
GrubHub (NYSE:GRUB) last posted its quarterly earnings results on Thursday, April 25th. The information services provider reported $0.30 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $323.77 million for the quarter, compared to the consensus estimate of $322.23 million. During the same period in the prior year, the business posted $0.52 earnings per share. GrubHub’s revenue for the quarter was up 39.2% compared to the same quarter last year. As a group, analysts predict that GrubHub will post 0.79 EPS for the current year.
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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