GrubHub (GRUB) PT Lowered to $110.00

GrubHub (NYSE:GRUB) had its price objective reduced by Wells Fargo & Co from $130.00 to $110.00 in a research report sent to investors on Friday morning. Wells Fargo & Co currently has a market perform rating on the information services provider’s stock.

Several other brokerages have also issued reports on GRUB. Canaccord Genuity set a $152.00 target price on shares of GrubHub and gave the company a buy rating in a research report on Wednesday, July 25th. Barclays restated a sell rating and set a $110.00 price target on shares of GrubHub in a research report on Friday, July 27th. KeyCorp boosted their price target on shares of GrubHub from $115.00 to $175.00 and gave the stock an overweight rating in a research report on Thursday, July 26th. Zacks Investment Research lowered shares of GrubHub from a hold rating to a sell rating in a research report on Wednesday, September 26th. Finally, Craig Hallum restated a buy rating and set a $160.00 price target (up from $140.00) on shares of GrubHub in a research report on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $134.48.

Shares of NYSE GRUB opened at $84.44 on Friday. GrubHub has a 52-week low of $59.34 and a 52-week high of $149.35. The stock has a market capitalization of $7.96 billion, a PE ratio of 86.16, a P/E/G ratio of 2.38 and a beta of 1.14. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.08.

GrubHub (NYSE:GRUB) last announced its earnings results on Thursday, October 25th. The information services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.14. GrubHub had a net margin of 14.83% and a return on equity of 11.09%. The business had revenue of $247.23 million for the quarter, compared to analyst estimates of $238.19 million. Research analysts predict that GrubHub will post 1.5 earnings per share for the current fiscal year.

In other GrubHub news, CFO Adam Dewitt sold 2,250 shares of GrubHub stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $145.68, for a total transaction of $327,780.00. Following the transaction, the chief financial officer now directly owns 17,656 shares of the company’s stock, valued at $2,572,126.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Margo Drucker sold 1,666 shares of GrubHub stock in a transaction dated Monday, October 22nd. The stock was sold at an average price of $115.65, for a total transaction of $192,672.90. Following the transaction, the senior vice president now directly owns 1,766 shares in the company, valued at $204,237.90. The disclosure for this sale can be found here. Insiders have sold 96,749 shares of company stock worth $12,874,593 over the last ninety days. 1.59% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. State of Wisconsin Investment Board purchased a new stake in shares of GrubHub in the 2nd quarter valued at approximately $1,857,000. Three Peaks Capital Management LLC purchased a new stake in shares of GrubHub in the 3rd quarter valued at approximately $2,529,000. Voya Investment Management LLC raised its stake in shares of GrubHub by 89.3% in the 2nd quarter. Voya Investment Management LLC now owns 71,286 shares of the information services provider’s stock valued at $7,479,000 after acquiring an additional 33,632 shares during the period. Intl Fcstone Inc. purchased a new stake in shares of GrubHub in the 3rd quarter valued at approximately $230,000. Finally, CIBC World Markets Inc. purchased a new stake in shares of GrubHub in the 2nd quarter valued at approximately $957,000. 98.84% of the stock is currently owned by institutional investors and hedge funds.

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 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.

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Analyst Recommendations for GrubHub (NYSE:GRUB)

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