GrubHub (GRUB) Rating Increased to Buy at DA Davidson

GrubHub (NYSE:GRUB) was upgraded by investment analysts at DA Davidson from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, MarketBeat.com reports. The firm presently has a $120.00 price objective on the information services provider’s stock, up from their prior price objective of $115.00. DA Davidson’s price target indicates a potential upside of 36.44% from the company’s previous close. The analysts noted that the move was a valuation call.

GRUB has been the subject of a number of other reports. Cowen reiterated a “buy” rating and issued a $149.00 price target on shares of GrubHub in a research note on Thursday, July 26th. Credit Suisse Group lifted their price target on GrubHub from $121.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday. Roth Capital lifted their price target on GrubHub from $100.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, July 26th. Stifel Nicolaus lifted their price target on GrubHub from $110.00 to $140.00 and gave the stock a “hold” rating in a research note on Thursday, July 26th. Finally, Zacks Investment Research upgraded GrubHub from a “sell” rating to a “hold” rating in a research note on Wednesday, October 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $134.48.

Shares of GrubHub stock traded down $8.53 during trading hours on Friday, hitting $87.95. 6,249,435 shares of the company’s stock traded hands, compared to its average volume of 2,157,094. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.43 and a quick ratio of 3.43. The company has a market capitalization of $7.96 billion, a PE ratio of 89.74, a P/E/G ratio of 2.34 and a beta of 1.14. GrubHub has a twelve month low of $58.14 and a twelve month high of $149.35.



GrubHub (NYSE:GRUB) last announced its earnings results on Thursday, October 25th. The information services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.14. The company had revenue of $247.23 million during the quarter, compared to the consensus estimate of $238.19 million. GrubHub had a return on equity of 11.09% and a net margin of 14.83%. On average, equities analysts expect that GrubHub will post 1.5 earnings per share for the current fiscal year.

In other GrubHub news, SVP Margo Drucker sold 1,666 shares of the firm’s stock in a transaction dated Monday, October 22nd. The shares were sold at an average price of $115.65, for a total value of $192,672.90. Following the transaction, the senior vice president now owns 1,766 shares of the company’s stock, valued at $204,237.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew M. Maloney sold 3,125 shares of the firm’s stock in a transaction dated Wednesday, October 17th. The stock was sold at an average price of $122.55, for a total transaction of $382,968.75. Following the completion of the transaction, the chief executive officer now directly owns 9,768 shares in the company, valued at approximately $1,197,068.40. The disclosure for this sale can be found here. Insiders sold 96,749 shares of company stock worth $12,874,593 in the last three months. 2.37% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baillie Gifford & Co. raised its holdings in shares of GrubHub by 7.4% during the second quarter. Baillie Gifford & Co. now owns 9,304,281 shares of the information services provider’s stock valued at $976,111,000 after buying an additional 638,210 shares during the last quarter. Lansdowne Partners UK LLP raised its holdings in shares of GrubHub by 218.8% during the second quarter. Lansdowne Partners UK LLP now owns 2,034,672 shares of the information services provider’s stock valued at $213,454,000 after buying an additional 1,396,482 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of GrubHub by 7.9% during the third quarter. First Trust Advisors LP now owns 1,934,683 shares of the information services provider’s stock valued at $268,186,000 after buying an additional 141,266 shares during the last quarter. FMR LLC raised its holdings in shares of GrubHub by 3.4% during the second quarter. FMR LLC now owns 1,361,927 shares of the information services provider’s stock valued at $142,880,000 after buying an additional 44,626 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of GrubHub by 0.4% during the second quarter. Janus Henderson Group PLC now owns 530,618 shares of the information services provider’s stock valued at $55,667,000 after buying an additional 2,154 shares during the last quarter. 98.89% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for GrubHub (NYSE:GRUB)

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