GrubHub Inc (NYSE:GRUB) Receives $94.94 Consensus Price Target from Brokerages

GrubHub Inc (NYSE:GRUB) has been given a consensus recommendation of “Buy” by the twenty-six ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $94.94.

Several research firms recently weighed in on GRUB. Jefferies Financial Group reduced their price objective on shares of GrubHub from $85.00 to $78.00 and set a “hold” rating on the stock in a research note on Wednesday, July 31st. Citigroup raised shares of GrubHub from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $75.00 to $91.00 in a research note on Tuesday, June 25th. Gordon Haskett began coverage on shares of GrubHub in a research note on Monday, May 20th. They set a “buy” rating and a $75.00 price objective on the stock. BNP Paribas began coverage on shares of GrubHub in a research note on Friday, June 7th. They set an “outperform” rating and a $84.00 price objective on the stock. Finally, Benchmark reissued a “buy” rating and set a $90.00 price objective on shares of GrubHub in a research note on Wednesday, July 31st.

Shares of NYSE:GRUB opened at $58.72 on Tuesday. The company has a 50 day moving average of $72.82 and a 200-day moving average of $71.89. GrubHub has a one year low of $57.37 and a one year high of $149.35. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 47.74, a P/E/G ratio of 3.64 and a beta of 1.21. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.42 and a quick ratio of 2.42.

GrubHub (NYSE:GRUB) last released its quarterly earnings data on Tuesday, July 30th. The information services provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.13. GrubHub had a net margin of 2.17% and a return on equity of 4.25%. The business had revenue of $325.06 million for the quarter, compared to analyst estimates of $317.39 million. During the same quarter last year, the firm earned $0.50 EPS. GrubHub’s quarterly revenue was up 35.6% compared to the same quarter last year. Equities research analysts anticipate that GrubHub will post 0.71 earnings per share for the current year.

In other news, SVP Margo Drucker sold 15,489 shares of the business’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $74.99, for a total value of $1,161,520.11. Following the sale, the senior vice president now owns 12,574 shares of the company’s stock, valued at $942,924.26. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Samuel Pike Hall sold 704 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $75.45, for a total transaction of $53,116.80. Following the completion of the sale, the insider now directly owns 1,175 shares in the company, valued at approximately $88,653.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,511 shares of company stock worth $1,939,926. Insiders own 1.88% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Caledonia Private Investments Pty Ltd lifted its position in shares of GrubHub by 5.2% in the second quarter. Caledonia Private Investments Pty Ltd now owns 12,309,355 shares of the information services provider’s stock worth $960,007,000 after purchasing an additional 612,970 shares in the last quarter. Baillie Gifford & Co. increased its holdings in GrubHub by 9.4% during the second quarter. Baillie Gifford & Co. now owns 10,040,807 shares of the information services provider’s stock worth $783,082,000 after buying an additional 865,569 shares during the last quarter. Clearbridge Investments LLC increased its holdings in GrubHub by 257.6% during the first quarter. Clearbridge Investments LLC now owns 6,028,803 shares of the information services provider’s stock worth $418,821,000 after buying an additional 4,342,673 shares during the last quarter. BlackRock Inc. increased its holdings in GrubHub by 1.5% during the second quarter. BlackRock Inc. now owns 4,597,329 shares of the information services provider’s stock worth $358,545,000 after buying an additional 68,316 shares during the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in GrubHub during the second quarter worth $214,636,000.

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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Analyst Recommendations for GrubHub (NYSE:GRUB)

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