Wedbush Analysts Give GrubHub (NYSE:GRUB) a $90.00 Price Target

Wedbush set a $90.00 target price on GrubHub (NYSE:GRUB) in a report published on Wednesday morning, The Fly reports. The firm currently has an in-line rating on the information services provider’s stock.

Several other equities analysts also recently weighed in on the company. Citigroup upgraded GrubHub from a neutral rating to a buy rating and raised their price target for the company from $75.00 to $91.00 in a report on Tuesday, June 25th. Craig Hallum restated a buy rating and set a $100.00 price target (down from $120.00) on shares of GrubHub in a report on Wednesday, April 17th. Credit Suisse Group reduced their price target on GrubHub from $140.00 to $133.00 and set an outperform rating for the company in a report on Friday, July 26th. BTIG Research downgraded GrubHub from a buy rating to a positive rating in a report on Wednesday, April 3rd. Finally, Argus downgraded GrubHub from a buy rating to a hold rating in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. GrubHub has an average rating of Buy and an average price target of $96.14.

Shares of NYSE:GRUB traded up $3.14 on Wednesday, hitting $69.71. 6,248,653 shares of the company traded hands, compared to its average volume of 2,142,797. GrubHub has a 52 week low of $60.20 and a 52 week high of $149.35. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average price of $74.23. The company has a market capitalization of $6.17 billion, a P/E ratio of 56.67, a PEG ratio of 3.32 and a beta of 1.22.

GrubHub (NYSE:GRUB) last issued its quarterly earnings results on Tuesday, July 30th. The information services provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.13. GrubHub had a return on equity of 4.27% and a net margin of 2.17%. The firm had revenue of $325.06 million during the quarter, compared to the consensus estimate of $317.39 million. During the same period last year, the company earned $0.50 earnings per share. The company’s revenue was up 35.6% on a year-over-year basis. On average, equities analysts anticipate that GrubHub will post 0.79 EPS for the current year.

In related news, CFO Adam Dewitt sold 2,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $75.45, for a total transaction of $150,900.00. Following the sale, the chief financial officer now directly owns 44,044 shares of the company’s stock, valued at $3,323,119.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Margo Drucker sold 15,489 shares of the 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 directly owns 12,574 shares in the company, valued at $942,924.26. The disclosure for this sale can be found here. Insiders have sold 18,740 shares of company stock worth $1,403,362 over the last ninety days. 1.88% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its position in GrubHub by 141.8% during the fourth quarter. Legal & General Group Plc now owns 140,303 shares of the information services provider’s stock worth $10,777,000 after acquiring an additional 82,272 shares during the period. Nordea Investment Management AB bought a new position in GrubHub during the fourth quarter worth about $483,000. FMR LLC increased its position in GrubHub by 83.4% during the fourth quarter. FMR LLC now owns 1,898,751 shares of the information services provider’s stock worth $145,843,000 after acquiring an additional 863,674 shares during the period. Norges Bank bought a new position in GrubHub during the fourth quarter worth about $43,301,000. Finally, Geode Capital Management LLC increased its position in GrubHub by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 840,976 shares of the information services provider’s stock worth $64,549,000 after acquiring an additional 48,515 shares during the period.

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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The Fly

Analyst Recommendations for GrubHub (NYSE:GRUB)

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