GrubHub (NYSE:GRUB) PT Raised to $60.00 at Morgan Stanley

GrubHub (NYSE:GRUB) had its target price increased by Morgan Stanley from $33.00 to $60.00 in a research report released on Tuesday, BenzingaRatingsTable reports. The firm currently has an equal weight rating on the information services provider’s stock.

Several other research analysts have also recently issued reports on GRUB. Goldman Sachs Group increased their price target on GrubHub from $42.00 to $54.00 and gave the stock a neutral rating in a research note on Wednesday, January 15th. Stifel Nicolaus reissued a hold rating and issued a $40.00 price target on shares of GrubHub in a research note on Wednesday, January 8th. Credit Suisse Group reissued an outperform rating and issued a $52.00 price target (up previously from $42.00) on shares of GrubHub in a research note on Monday, January 6th. Gordon Haskett cut GrubHub from a buy rating to a hold rating and set a $45.00 price target for the company. in a research note on Tuesday, October 29th. Finally, Deutsche Bank decreased their price target on GrubHub from $67.00 to $40.00 and set a hold rating for the company in a research note on Friday, November 8th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. GrubHub has a consensus rating of Hold and an average target price of $62.12.

GRUB traded up $0.90 during trading on Tuesday, reaching $58.64. 136,854 shares of the company were exchanged, compared to its average volume of 3,407,797. The stock has a market cap of $5.16 billion, a P/E ratio of 1,971.33 and a beta of 1.24. The firm has a 50 day moving average of $48.86 and a 200 day moving average of $55.31. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40. GrubHub has a 52 week low of $32.11 and a 52 week high of $87.98.

GrubHub (NYSE:GRUB) last issued its quarterly earnings data on Monday, October 28th. The information services provider reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.15. GrubHub had a return on equity of 2.89% and a net margin of 0.32%. The firm had revenue of $322.05 million during the quarter, compared to the consensus estimate of $329.54 million. During the same period in the prior year, the business earned $0.45 EPS. The firm’s revenue was up 30.3% on a year-over-year basis. As a group, analysts forecast that GrubHub will post 0.21 earnings per share for the current fiscal year.

In related news, Director Keith Richman bought 3,000 shares of GrubHub stock in a transaction dated Friday, November 1st. The stock was acquired at an average cost of $33.31 per share, with a total value of $99,930.00. Following the completion of the acquisition, the director now directly owns 3,284 shares in the company, valued at approximately $109,390.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Adam Dewitt sold 1,000 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $48.97, for a total value of $48,970.00. Following the sale, the chief financial officer now directly owns 57,156 shares of the company’s stock, valued at $2,798,929.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,319 shares of company stock valued at $564,099. Insiders own 1.88% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of GrubHub by 1.5% during the second quarter. BlackRock Inc. now owns 4,597,329 shares of the information services provider’s stock valued at $358,545,000 after purchasing an additional 68,316 shares during the last quarter. State Street Corp lifted its holdings in shares of GrubHub by 50.8% during the third quarter. State Street Corp now owns 2,903,252 shares of the information services provider’s stock valued at $163,192,000 after purchasing an additional 977,493 shares during the last quarter. Pelham Capital Ltd. lifted its holdings in shares of GrubHub by 28.8% during the third quarter. Pelham Capital Ltd. now owns 2,816,607 shares of the information services provider’s stock valued at $158,321,000 after purchasing an additional 630,000 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in GrubHub during the second quarter valued at $214,636,000. Finally, Waddell & Reed Financial Inc. raised its position in GrubHub by 3.7% during the second quarter. Waddell & Reed Financial Inc. now owns 1,446,393 shares of the information services provider’s stock valued at $112,804,000 after buying an additional 51,432 shares during the period.

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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