GrubHub (GRUB) Shares Gap Up to $89.25

GrubHub Inc (NYSE:GRUB)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $85.91, but opened at $89.25. GrubHub shares last traded at $92.74, with a volume of 4500174 shares changing hands.

Several equities analysts have commented on the stock. Wedbush assumed coverage on shares of GrubHub in a research note on Thursday, September 13th. They set an “outperform” rating and a $180.00 target price on the stock. Argus raised their target price on shares of GrubHub from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, September 14th. They noted that the move was a valuation call. Zacks Investment Research cut shares of GrubHub from a “buy” rating to a “hold” rating in a research note on Friday, August 31st. Craig Hallum raised their target price on shares of GrubHub from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 18th. Finally, Credit Suisse Group raised their target price on shares of GrubHub from $99.00 to $121.00 and gave the company a “neutral” rating in a research note on Thursday, July 26th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. GrubHub currently has a consensus rating of “Buy” and an average target price of $134.48.

The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.08. The stock has a market cap of $8.07 billion, a price-to-earnings ratio of 60.30, a PEG ratio of 2.74 and a beta of 1.14.

GrubHub (NYSE:GRUB) last posted its quarterly earnings data on Thursday, October 25th. The information services provider reported $0.45 earnings per share 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 company had revenue of $247.23 million during the quarter, compared to analyst estimates of $238.19 million. On average, sell-side analysts forecast that GrubHub Inc will post 1.29 earnings per share for the current year.

In other GrubHub news, SVP Margo Drucker sold 404 shares of the firm’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $127.70, for a total value of $51,590.80. Following the completion of the transaction, the senior vice president now directly owns 892 shares in the company, valued at $113,908.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Linda Johnson Rice sold 596 shares of the firm’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $115.87, for a total transaction of $69,058.52. Following the completion of the transaction, the director now owns 545 shares of the company’s stock, valued at $63,149.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,853 shares of company stock valued at $12,032,218. Insiders own 2.37% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. acquired a new position in shares of GrubHub in the third quarter worth about $270,000. GWM Advisors LLC acquired a new position in shares of GrubHub in the third quarter worth about $414,000. Columbus Circle Investors boosted its holdings in shares of GrubHub by 84.3% in the third quarter. Columbus Circle Investors now owns 522,567 shares of the information services provider’s stock worth $72,438,000 after buying an additional 239,065 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of GrubHub in the third quarter worth about $146,000. Finally, OLD National Bancorp IN acquired a new position in shares of GrubHub in the third quarter worth about $203,000. Institutional investors own 98.84% of the company’s stock.

About GrubHub (NYSE:GRUB)

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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