GrubHub (GRUB) Downgraded by BTIG Research to “Positive”

BTIG Research cut shares of GrubHub (NYSE:GRUB) from a buy rating to a positive rating in a research note issued to investors on Wednesday, April 3rd.

GRUB has been the topic of several other reports. Zacks Investment Research upgraded shares of GrubHub from a hold rating to a buy rating and set a $85.00 target price on the stock in a research report on Monday, January 7th. DA Davidson decreased their target price on shares of GrubHub to $100.00 and set a buy rating on the stock in a research report on Friday, February 8th. Roth Capital upgraded shares of GrubHub from a neutral rating to a buy rating and boosted their target price for the stock from $92.00 to $95.00 in a research report on Friday, February 8th. ValuEngine raised GrubHub from a hold rating to a buy rating in a research note on Wednesday, January 2nd. Finally, Wedbush set a $130.00 price target on GrubHub and gave the stock a buy rating in a research note on Tuesday, February 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. GrubHub presently has an average rating of Buy and a consensus price target of $116.18.

Shares of GrubHub stock opened at $69.78 on Wednesday. GrubHub has a 12 month low of $63.31 and a 12 month high of $149.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market capitalization of $6.19 billion, a PE ratio of 56.73, a price-to-earnings-growth ratio of 3.64 and a beta of 1.23.

GrubHub (NYSE:GRUB) last posted its quarterly earnings data on Thursday, April 25th. The information services provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. GrubHub had a net margin of 7.79% and a return on equity of 8.25%. The firm had revenue of $323.77 million for the quarter, compared to analyst estimates of $322.23 million. During the same period last year, the firm posted $0.52 EPS. GrubHub’s quarterly revenue was up 39.2% on a year-over-year basis. As a group, equities research analysts expect that GrubHub will post 0.84 EPS for the current fiscal year.

In other news, CTO Maria Belousova sold 819 shares of the business’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $81.49, for a total transaction of $66,740.31. Following the completion of the sale, the chief technology officer now owns 857 shares in the company, valued at approximately $69,836.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders have sold 4,298 shares of company stock valued at $344,320. Corporate insiders own 1.59% of the company’s stock.

Several large investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its holdings in GrubHub by 25.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 45,026 shares of the information services provider’s stock worth $3,128,000 after acquiring an additional 9,254 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in GrubHub by 656.9% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 53,233 shares of the information services provider’s stock worth $3,698,000 after acquiring an additional 46,200 shares during the period. Virginia Retirement Systems ET AL boosted its holdings in GrubHub by 15.1% in the 1st quarter. Virginia Retirement Systems ET AL now owns 8,400 shares of the information services provider’s stock worth $584,000 after acquiring an additional 1,100 shares during the period. Barton Investment Management boosted its holdings in GrubHub by 5.3% in the 1st quarter. Barton Investment Management now owns 600,247 shares of the information services provider’s stock worth $41,699,000 after acquiring an additional 29,997 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in GrubHub by 78.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 5,251 shares of the information services provider’s stock worth $365,000 after acquiring an additional 2,303 shares during the period.

About GrubHub

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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