GrubHub (GRUB) Receives Buy Rating from Craig Hallum

GrubHub (NYSE:GRUB)‘s stock had its “buy” rating reiterated by Craig Hallum in a research report issued to clients and investors on Wednesday, The Fly reports. They presently have a $100.00 price objective on the information services provider’s stock, down from their previous price objective of $120.00. Craig Hallum’s price objective indicates a potential upside of 50.47% from the stock’s current price.

GRUB has been the subject of a number of other research reports. KeyCorp began coverage on shares of GrubHub in a report on Thursday, December 20th. They set a “sector weight” rating for the company. Wells Fargo & Co set a $85.00 target price on shares of GrubHub and gave the company a “market perform” rating in a report on Wednesday, January 16th. ValuEngine downgraded shares of GrubHub from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. Barclays dropped their target price on shares of GrubHub from $72.00 to $68.00 and set an “underweight” rating for the company in a report on Friday, February 8th. Finally, Needham & Company LLC began coverage on shares of GrubHub in a report on Tuesday, January 8th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $116.18.

Shares of NYSE GRUB traded up $0.15 during midday trading on Wednesday, reaching $66.46. 481,497 shares of the stock were exchanged, compared to its average volume of 2,459,064. The company has a market capitalization of $6.08 billion, a P/E ratio of 54.03, a P/E/G ratio of 3.50 and a beta of 1.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.63 and a quick ratio of 1.63. GrubHub has a twelve month low of $64.57 and a twelve month high of $149.35.

GrubHub (NYSE:GRUB) last announced its quarterly earnings results on Thursday, February 7th. The information services provider reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. The business had revenue of $287.72 million during the quarter, compared to the consensus estimate of $290.43 million. GrubHub had a net margin of 7.79% and a return on equity of 8.25%. The business’s revenue was up 40.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 EPS. As a group, research analysts expect that GrubHub will post 0.84 EPS for the current year.

In other GrubHub news, CTO Maria Belousova sold 2,753 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $80.09, for a total value of $220,487.77. Following the completion of the transaction, the chief technology officer now owns 857 shares of the company’s stock, valued at approximately $68,637.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 4,298 shares of company stock valued at $344,320 in the last three months. 1.59% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. First Hawaiian Bank purchased a new stake in shares of GrubHub during the 1st quarter worth $30,000. Parallel Advisors LLC lifted its position in shares of GrubHub by 99.1% during the 4th quarter. Parallel Advisors LLC now owns 432 shares of the information services provider’s stock worth $33,000 after purchasing an additional 215 shares during the last quarter. Csenge Advisory Group purchased a new stake in shares of GrubHub during the 3rd quarter worth $69,000. LS Investment Advisors LLC purchased a new stake in shares of GrubHub during the 4th quarter worth $64,000. Finally, Massey Quick Simon & CO. LLC lifted its position in shares of GrubHub by 20.0% during the 4th quarter. Massey Quick Simon & CO. LLC now owns 1,117 shares of the information services provider’s stock worth $86,000 after purchasing an additional 186 shares during the last quarter.

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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