GrubHub (NYSE:GRUB) PT Set at $100.00 by DA Davidson

GrubHub (NYSE:GRUB) received a $100.00 price objective from DA Davidson in a research note issued to investors on Friday, TipRanks reports. The brokerage presently has a “buy” rating on the information services provider’s stock. DA Davidson’s target price points to a potential upside of 64.20% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. JMP Securities dropped their target price on shares of GrubHub to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Credit Suisse Group dropped their target price on shares of GrubHub from $140.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Wells Fargo & Co dropped their target price on shares of GrubHub from $85.00 to $74.00 and set an “in-line” rating for the company in a research report on Tuesday, April 30th. Citigroup raised shares of GrubHub from a “neutral” rating to a “buy” rating and raised their target price for the stock from $75.00 to $91.00 in a research report on Tuesday, June 25th. Finally, Jefferies Financial Group dropped their target price on shares of GrubHub from $85.00 to $78.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. GrubHub has a consensus rating of “Buy” and a consensus price target of $96.14.

GrubHub stock traded up $0.96 during trading hours on Friday, reaching $60.90. The stock had a trading volume of 2,134,500 shares, compared to its average volume of 2,739,553. The stock has a market cap of $5.35 billion, a PE ratio of 49.51, a PEG ratio of 3.26 and a beta of 1.21. GrubHub has a 52 week low of $57.37 and a 52 week high of $149.35. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.42 and a quick ratio of 2.42. The company has a fifty day simple moving average of $72.50 and a 200-day simple moving average of $71.82.

GrubHub (NYSE:GRUB) last announced its quarterly earnings results on Tuesday, July 30th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.13. The business had revenue of $325.06 million for the quarter, compared to analyst estimates of $317.39 million. GrubHub had a net margin of 2.17% and a return on equity of 4.25%. The company’s revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 EPS. Research analysts predict that GrubHub will post 0.71 earnings per share for the current fiscal year.

In other GrubHub news, insider Maria Belousova sold 6,821 shares of GrubHub stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $69.26, for a total value of $472,422.46. Following the completion of the transaction, the insider now directly owns 6,661 shares of the company’s stock, valued at $461,340.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Samuel Pike Hall sold 704 shares of GrubHub stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $75.45, for a total transaction of $53,116.80. Following the completion of the transaction, the insider now directly owns 1,175 shares of the company’s stock, valued at $88,653.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,511 shares of company stock valued at $1,939,926. 1.88% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC grew its position in GrubHub by 21.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 60,794 shares of the information services provider’s stock valued at $4,742,000 after buying an additional 10,912 shares during the period. Marathon Partners Equity Management LLC lifted its holdings in GrubHub by 87.5% during the second quarter. Marathon Partners Equity Management LLC now owns 300,000 shares of the information services provider’s stock valued at $23,397,000 after purchasing an additional 140,000 shares in the last quarter. Scholtz & Company LLC lifted its holdings in GrubHub by 89.1% during the second quarter. Scholtz & Company LLC now owns 32,050 shares of the information services provider’s stock valued at $2,500,000 after purchasing an additional 15,105 shares in the last quarter. United Services Automobile Association lifted its holdings in GrubHub by 612.2% during the second quarter. United Services Automobile Association now owns 99,748 shares of the information services provider’s stock valued at $7,779,000 after purchasing an additional 85,742 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in GrubHub by 23.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,494 shares of the information services provider’s stock valued at $350,000 after purchasing an additional 857 shares in the last quarter.

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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Analyst Recommendations for GrubHub (NYSE:GRUB)

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