GrubHub (GRUB) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of GrubHub (NYSE:GRUB) from a strong-buy rating to a hold rating in a report released on Wednesday morning.

According to Zacks, “GrubHub Inc. is an online and mobile food ordering company. The Company’s platform assists diners in searching for local restaurant, tracking the order and re-order for convenience. It operates within the United States and the United Kingdom. GrubHub Inc. is based in United States. “

Several other equities analysts also recently issued reports on GRUB. Cowen reissued a buy rating and set a $96.00 price target on shares of GrubHub in a report on Friday, February 9th. Oppenheimer lifted their price target on shares of GrubHub to $100.00 and gave the company an outperform rating in a report on Friday, February 9th. Mizuho set a $98.00 price target on shares of GrubHub and gave the company a buy rating in a report on Thursday, February 8th. Guggenheim began coverage on shares of GrubHub in a report on Monday, February 12th. They set a buy rating and a $85.54 price target for the company. Finally, Monness Crespi & Hardt lifted their price target on shares of GrubHub from $35.00 to $42.00 and gave the company a sell rating in a report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $74.07.

Shares of GrubHub (NYSE GRUB) opened at $95.93 on Wednesday. The company has a market capitalization of $8,347.64, a price-to-earnings ratio of 96.90, a PEG ratio of 3.59 and a beta of 1.54. GrubHub has a twelve month low of $32.43 and a twelve month high of $96.58.

GrubHub (NYSE:GRUB) last released its quarterly earnings data on Thursday, February 8th. The information services provider reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. GrubHub had a return on equity of 8.47% and a net margin of 14.49%. The business had revenue of $205.10 million during the quarter, compared to the consensus estimate of $201.55 million. During the same period in the prior year, the firm posted $0.23 EPS. The business’s revenue for the quarter was up 49.2% on a year-over-year basis. research analysts forecast that GrubHub will post 1.15 EPS for the current year.

In related news, CEO Matthew M. Maloney sold 37,283 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $64.58, for a total transaction of $2,407,736.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew M. Maloney sold 56,250 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $71.09, for a total transaction of $3,998,812.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 360,886 shares of company stock valued at $26,184,725. Insiders own 2.37% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. QS Investors LLC bought a new stake in shares of GrubHub during the fourth quarter worth approximately $129,000. Cubist Systematic Strategies LLC bought a new stake in shares of GrubHub during the third quarter worth approximately $105,000. PNC Financial Services Group Inc. raised its stake in shares of GrubHub by 6.4% during the second quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock worth $108,000 after buying an additional 148 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of GrubHub by 53.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,533 shares of the information services provider’s stock worth $182,000 after buying an additional 885 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of GrubHub during the fourth quarter worth approximately $202,000.

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About GrubHub

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.

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Analyst Recommendations for GrubHub (NYSE:GRUB)

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GrubHub (GRUB) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of GrubHub (NYSE:GRUB) from a strong-buy rating to a hold rating in a research report released on Wednesday.

According to Zacks, “GrubHub Inc. is an online and mobile food ordering company. The Company’s platform assists diners in searching for local restaurant, tracking the order and re-order for convenience. It operates within the United States and the United Kingdom. GrubHub Inc. is based in United States. “

Other equities research analysts have also issued research reports about the company. DA Davidson reaffirmed a hold rating and issued a $65.00 price objective on shares of GrubHub in a report on Thursday, February 1st. They noted that the move was a valuation call. Craig Hallum lifted their price objective on GrubHub from $80.00 to $100.00 and gave the company a buy rating in a report on Thursday, February 8th. Wedbush reaffirmed an outperform rating and issued a $65.00 price objective (up previously from $60.00) on shares of GrubHub in a report on Thursday, October 26th. Stifel Nicolaus boosted their price target on GrubHub from $63.00 to $75.00 and gave the stock a buy rating in a research note on Tuesday, February 6th. Finally, Monness Crespi & Hardt boosted their price target on GrubHub from $42.00 to $65.00 and gave the stock a sell rating in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $74.07.

Shares of GrubHub (NYSE GRUB) opened at $95.93 on Wednesday. GrubHub has a twelve month low of $32.43 and a twelve month high of $96.58. The firm has a market capitalization of $8,347.64, a P/E ratio of 96.90, a price-to-earnings-growth ratio of 3.59 and a beta of 1.54.

GrubHub (NYSE:GRUB) last announced its quarterly earnings data on Thursday, February 8th. The information services provider reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.07. GrubHub had a return on equity of 8.47% and a net margin of 14.49%. The company had revenue of $205.10 million for the quarter, compared to analyst estimates of $201.55 million. During the same quarter in the previous year, the company earned $0.23 EPS. The firm’s revenue for the quarter was up 49.2% compared to the same quarter last year. analysts predict that GrubHub will post 1.15 earnings per share for the current year.

In related news, CFO Adam Dewitt sold 5,000 shares of GrubHub stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $64.61, for a total transaction of $323,050.00. Following the completion of the transaction, the chief financial officer now directly owns 18,744 shares in the company, valued at approximately $1,211,049.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew M. Maloney sold 37,283 shares of GrubHub stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $64.58, for a total value of $2,407,736.14. The disclosure for this sale can be found here. Insiders have sold a total of 360,886 shares of company stock valued at $26,184,725 over the last 90 days. Insiders own 2.37% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its holdings in GrubHub by 172.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 41,914 shares of the information services provider’s stock valued at $1,828,000 after acquiring an additional 26,515 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in GrubHub by 6.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock valued at $108,000 after acquiring an additional 148 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in GrubHub by 12.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 132,825 shares of the information services provider’s stock valued at $5,791,000 after acquiring an additional 14,958 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in GrubHub by 9.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 782,706 shares of the information services provider’s stock valued at $34,125,000 after acquiring an additional 69,849 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in GrubHub by 20.0% in the 2nd quarter. Voya Investment Management LLC now owns 40,133 shares of the information services provider’s stock valued at $1,750,000 after acquiring an additional 6,678 shares during the last quarter.

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About GrubHub

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.

Get a free copy of the Zacks research report on GrubHub (GRUB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for GrubHub (NYSE:GRUB)

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