Wells Fargo & Co Reiterates Market Perform Rating for GrubHub (GRUB)

GrubHub (NYSE:GRUB)‘s stock had its “market perform” rating reiterated by investment analysts at Wells Fargo & Co in a report released on Monday, January 8th, The Fly reports. They currently have a $68.00 price target on the information services provider’s stock, up from their previous price target of $58.00. Wells Fargo & Co’s price objective would indicate a potential downside of 2.63% from the stock’s current price.

Several other brokerages have also recently weighed in on GRUB. Wedbush cut shares of GrubHub from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $65.00 to $70.00 in a research note on Monday, January 8th. They noted that the move was a valuation call. Oppenheimer increased their price objective on shares of GrubHub to $80.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. Canaccord Genuity reiterated a “buy” rating and issued a $80.00 price objective on shares of GrubHub in a research note on Tuesday, January 2nd. Credit Suisse Group set a $65.00 target price on shares of GrubHub and gave the stock a “hold” rating in a research note on Thursday, January 4th. They noted that the move was a valuation call. Finally, KeyCorp set a $80.00 target price on shares of GrubHub and gave the stock a “buy” rating in a research note on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $62.61.

GrubHub (NYSE:GRUB) traded down $0.77 on Monday, reaching $69.84. 1,337,200 shares of the company’s stock traded hands, compared to its average volume of 1,290,000. The company has a market cap of $6,050.00, a PE ratio of 102.71, a P/E/G ratio of 3.01 and a beta of 1.67. GrubHub has a 1-year low of $32.43 and a 1-year high of $74.81.

GrubHub (NYSE:GRUB) last issued its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. The firm had revenue of $163.10 million for the quarter, compared to analysts’ expectations of $159.63 million. During the same quarter in the prior year, the business earned $0.23 EPS. The business’s quarterly revenue was up 32.1% on a year-over-year basis. sell-side analysts anticipate that GrubHub will post 0.89 earnings per share for the current year.

In other GrubHub news, CEO Matthew M. Maloney sold 56,250 shares of the stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $71.09, for a total transaction of $3,998,812.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Stanley Chia sold 645 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $60.60, for a total transaction of $39,087.00. Following the sale, the chief operating officer now directly owns 1,215 shares of the company’s stock, valued at $73,629. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 437,393 shares of company stock valued at $28,074,378. Insiders own 2.37% of the company’s stock.

Several hedge funds have recently bought and sold shares of GRUB. Great West Life Assurance Co. Can grew its holdings in shares of GrubHub by 49.0% in the second quarter. Great West Life Assurance Co. Can now owns 9,163 shares of the information services provider’s stock valued at $399,000 after purchasing an additional 3,013 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of GrubHub by 9.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 382,760 shares of the information services provider’s stock valued at $16,689,000 after purchasing an additional 34,342 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of GrubHub by 11.7% in the second quarter. Bank of New York Mellon Corp now owns 736,610 shares of the information services provider’s stock valued at $32,116,000 after purchasing an additional 77,237 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of GrubHub by 14.3% in the second quarter. Legal & General Group Plc now owns 32,319 shares of the information services provider’s stock valued at $1,409,000 after purchasing an additional 4,033 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of GrubHub by 507.8% in the second quarter. BNP Paribas Arbitrage SA now owns 11,335 shares of the information services provider’s stock valued at $494,000 after purchasing an additional 9,470 shares in the last quarter.

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GrubHub Company Profile

Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.

The Fly

Analyst Recommendations for GrubHub (NYSE:GRUB)

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