GrubHub (NYSE:GRUB) Lifted to “Strong-Buy” at ValuEngine

ValuEngine upgraded shares of GrubHub (NYSE:GRUB) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday, ValuEngine reports.

A number of other equities analysts also recently commented on the stock. Craig Hallum reiterated a buy rating and issued a $100.00 target price (down from $120.00) on shares of GrubHub in a report on Wednesday, April 17th. BTIG Research downgraded shares of GrubHub from a buy rating to a positive rating in a report on Wednesday, April 3rd. Wells Fargo & Co reduced their target price on shares of GrubHub from $85.00 to $74.00 and set an in-line rating for the company in a report on Tuesday, April 30th. BNP Paribas began coverage on shares of GrubHub in a report on Friday, June 7th. They set an outperform rating and a $84.00 price objective on the stock. Finally, Citigroup upgraded shares of GrubHub from a neutral rating to a buy rating and upped their price objective for the company from $75.00 to $91.00 in a report on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $96.14.

GrubHub stock traded up $3.14 during trading hours on Thursday, reaching $69.71. The stock had a trading volume of 6,248,653 shares, compared to its average volume of 2,288,809. The company has a market capitalization of $6.07 billion, a P/E ratio of 56.67, a price-to-earnings-growth ratio of 3.34 and a beta of 1.22. 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 stock has a 50 day moving average of $74.23. GrubHub has a 52 week low of $60.20 and a 52 week high of $149.35.

GrubHub (NYSE:GRUB) last announced its earnings results on Tuesday, July 30th. The information services provider reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.13. The business had revenue of $325.06 million during the quarter, compared to the consensus estimate of $317.39 million. GrubHub had a net margin of 2.17% and a return on equity of 4.27%. The firm’s revenue was up 35.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 earnings per share. On average, equities analysts anticipate that GrubHub will post 0.71 earnings per share for the current fiscal year.

In related news, insider Samuel Pike Hall sold 704 shares of the stock in a transaction that occurred on 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 owns 1,175 shares in the company, valued at approximately $88,653.75. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Adam Dewitt sold 2,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 44,044 shares in the company, valued at approximately $3,323,119.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,740 shares of company stock worth $1,403,362. 1.88% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Chartwell Investment Partners LLC increased its holdings in GrubHub by 5.4% in the 1st quarter. Chartwell Investment Partners LLC now owns 4,570 shares of the information services provider’s stock worth $317,000 after buying an additional 233 shares during the period. Summit Creek Advisors LLC boosted its position in GrubHub by 0.3% in the 2nd quarter. Summit Creek Advisors LLC now owns 106,415 shares of the information services provider’s stock worth $8,299,000 after purchasing an additional 320 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in GrubHub by 4.8% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 7,537 shares of the information services provider’s stock worth $524,000 after purchasing an additional 343 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in GrubHub by 1.7% in the 1st quarter. Gulf International Bank UK Ltd now owns 23,060 shares of the information services provider’s stock worth $1,601,000 after purchasing an additional 380 shares in the last quarter. Finally, First Hawaiian Bank purchased a new stake in GrubHub in the 1st quarter worth approximately $30,000.

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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