GrubHub (GRUB) Given a $140.00 Price Target at Canaccord Genuity

Canaccord Genuity set a $140.00 price objective on GrubHub (NYSE:GRUB) in a research note published on Friday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the information services provider’s stock.

Several other research analysts also recently commented on GRUB. Zacks Investment Research upgraded shares of GrubHub from a hold rating to a buy rating and set a $119.00 target price on the stock in a report on Tuesday, July 3rd. Morgan Stanley lifted their target price on shares of GrubHub from $102.00 to $103.00 and gave the stock an equal weight rating in a report on Wednesday, July 11th. Craig Hallum reiterated a buy rating and issued a $160.00 target price (up previously from $140.00) on shares of GrubHub in a report on Wednesday, July 25th. Mizuho lifted their target price on shares of GrubHub to $145.00 and gave the stock a buy rating in a report on Thursday, July 26th. Finally, KeyCorp lifted their target price on shares of GrubHub from $115.00 to $175.00 and gave the stock an overweight rating in a report on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $134.48.

Shares of GRUB stock traded down $8.53 on Friday, hitting $87.95. The company’s stock had a trading volume of 6,249,435 shares, compared to its average volume of 2,157,094. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.08. GrubHub has a fifty-two week low of $58.14 and a fifty-two week high of $149.35. The firm has a market cap of $8.73 billion, a PE ratio of 89.74, a PEG ratio of 2.57 and a beta of 1.14.



GrubHub (NYSE:GRUB) last announced its earnings results on Thursday, October 25th. The information services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.31 by $0.14. The firm had revenue of $247.23 million for the quarter, compared to the consensus estimate of $238.19 million. GrubHub had a net margin of 14.83% and a return on equity of 11.09%. As a group, analysts forecast that GrubHub will post 1.5 EPS for the current fiscal year.

In other news, SVP Margo Drucker sold 1,237 shares of the business’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $121.86, for a total transaction of $150,740.82. Following the transaction, the senior vice president now owns 892 shares in the company, valued at approximately $108,699.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Adam Dewitt sold 4,000 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $126.45, for a total transaction of $505,800.00. Following the transaction, the chief financial officer now owns 18,916 shares in the company, valued at approximately $2,391,928.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,749 shares of company stock worth $12,874,593. Insiders own 2.37% of the company’s stock.

Several large investors have recently bought and sold shares of GRUB. Dubuque Bank & Trust Co. bought a new stake in GrubHub in the second quarter valued at about $107,000. Massey Quick Simon & CO. LLC bought a new stake in GrubHub in the second quarter valued at about $147,000. Cerebellum GP LLC bought a new stake in GrubHub in the second quarter valued at about $180,000. OLD National Bancorp IN bought a new stake in GrubHub in the third quarter valued at about $203,000. Finally, Wedbush Securities Inc. bought a new stake in GrubHub in the second quarter valued at about $213,000. Institutional investors own 98.89% of the company’s stock.

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 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.

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