Barclays Increases GrubHub (NYSE:GRUB) Price Target to $69.00

GrubHub (NYSE:GRUB) had its price target lifted by Barclays from $62.00 to $69.00 in a report published on Wednesday, The Fly reports. Barclays currently has an underweight rating on the information services provider’s stock.

Other equities research analysts have also issued reports about the stock. Craig Hallum reissued a buy rating and set a $100.00 target price (down from $120.00) on shares of GrubHub in a research note on Wednesday, April 17th. Argus lowered shares of GrubHub from a buy rating to a hold rating in a research note on Thursday, May 2nd. Benchmark assumed coverage on shares of GrubHub in a research note on Friday, July 19th. They set a buy rating and a $95.00 target price on the stock. ValuEngine raised shares of GrubHub from a hold rating to a buy rating in a research note on Tuesday, July 2nd. Finally, Wedbush reissued an outperform rating on shares of GrubHub in a research note on Monday, April 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. GrubHub has a consensus rating of Buy and an average price target of $96.14.

GRUB stock opened at $69.71 on Wednesday. The stock’s 50-day moving average price is $74.23. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.51 and a current ratio of 1.51. GrubHub has a 52-week low of $60.20 and a 52-week high of $149.35. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 56.67, a P/E/G ratio of 3.34 and a beta of 1.22.

GrubHub (NYSE:GRUB) last posted its earnings results on Tuesday, July 30th. The information services provider reported $0.27 earnings per share (EPS) 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 4.27%. The business had revenue of $325.06 million for the quarter, compared to analyst estimates of $317.39 million. During the same period in the prior year, the company posted $0.50 EPS. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. On average, research analysts expect that GrubHub will post 0.71 EPS for the current year.

In related news, insider Samuel Pike Hall sold 704 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $75.45, for a total value of $53,116.80. Following the transaction, the insider now directly owns 1,175 shares of the company’s stock, valued at approximately $88,653.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Margo Drucker sold 15,489 shares of the firm’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $74.99, for a total transaction of $1,161,520.11. Following the completion of the transaction, 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 sold a total of 18,740 shares of company stock worth $1,403,362 over the last ninety days. 1.88% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Clearbridge Investments LLC lifted its stake in GrubHub by 257.6% in the 1st quarter. Clearbridge Investments LLC now owns 6,028,803 shares of the information services provider’s stock valued at $418,821,000 after buying an additional 4,342,673 shares in the last quarter. Swiss National Bank lifted its stake in GrubHub by 2.8% in the 1st quarter. Swiss National Bank now owns 302,400 shares of the information services provider’s stock worth $21,008,000 after purchasing an additional 8,300 shares in the last quarter. Legal & General Group Plc lifted its stake in GrubHub by 141.8% in the 4th quarter. Legal & General Group Plc now owns 140,303 shares of the information services provider’s stock worth $10,777,000 after purchasing an additional 82,272 shares in the last quarter. Pelham Capital Ltd. lifted its stake in GrubHub by 16.2% in the 1st quarter. Pelham Capital Ltd. now owns 2,646,607 shares of the information services provider’s stock worth $183,860,000 after purchasing an additional 369,000 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in GrubHub by 29.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 31,409 shares of the information services provider’s stock worth $2,182,000 after purchasing an additional 7,071 shares in the last quarter.

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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