Craig Hallum Cuts GrubHub (GRUB) Price Target to $120.00

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GrubHub (NYSE:GRUB) had its price target cut by Craig Hallum from $150.00 to $120.00 in a report released on Friday, The Fly reports. They currently have a buy rating on the information services provider’s stock.

Several other equities research analysts have also recently weighed in on GRUB. Zacks Investment Research cut GrubHub from a buy rating to a hold rating in a research note on Monday, January 21st. ValuEngine raised GrubHub from a hold rating to a buy rating in a research note on Thursday. Bank of America raised GrubHub from a neutral rating to a buy rating and set a $108.00 price objective on the stock in a research note on Friday. Credit Suisse Group boosted their price objective on GrubHub from $130.00 to $140.00 and gave the stock an outperform rating in a research note on Friday. Finally, Roth Capital raised GrubHub from a neutral rating to a buy rating and boosted their price objective for the stock from $92.00 to $95.00 in a research note on Friday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. GrubHub currently has a consensus rating of Buy and an average price target of $119.82.

Shares of NYSE GRUB opened at $86.08 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.20. GrubHub has a 1-year low of $66.62 and a 1-year high of $149.35. The company has a market cap of $7.81 billion, a price-to-earnings ratio of 71.14, a P/E/G ratio of 2.36 and a beta of 1.27.

GrubHub (NYSE:GRUB) last issued its quarterly earnings data on Thursday, February 7th. The information services provider reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. GrubHub had a return on equity of 8.43% and a net margin of 7.79%. The company had revenue of $287.72 million for the quarter, compared to analysts’ expectations of $290.43 million. During the same period in the previous year, the firm posted $0.37 earnings per share. The firm’s revenue for the quarter was up 40.3% on a year-over-year basis. As a group, analysts predict that GrubHub will post 1.42 EPS for the current fiscal year.

In other news, CTO Maria Belousova sold 819 shares of the company’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $81.49, for a total transaction of $66,740.31. Following the transaction, the chief technology officer now owns 857 shares of the company’s stock, valued at $69,836.93. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 9,801 shares of company stock worth $773,267. Insiders own 1.59% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of GrubHub by 12.6% in the fourth quarter. BlackRock Inc. now owns 4,507,175 shares of the information services provider’s stock valued at $346,197,000 after purchasing an additional 502,745 shares during the period. Lansdowne Partners UK LLP boosted its holdings in shares of GrubHub by 15.3% in the third quarter. Lansdowne Partners UK LLP now owns 2,345,631 shares of the information services provider’s stock valued at $325,153,000 after purchasing an additional 310,959 shares during the period. Pelham Capital Ltd. boosted its holdings in shares of GrubHub by 17.1% in the fourth quarter. Pelham Capital Ltd. now owns 2,277,607 shares of the information services provider’s stock valued at $174,943,000 after purchasing an additional 332,443 shares during the period. First Trust Advisors LP boosted its holdings in shares of GrubHub by 11.9% in the fourth quarter. First Trust Advisors LP now owns 2,165,695 shares of the information services provider’s stock valued at $166,347,000 after purchasing an additional 231,012 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its holdings in shares of GrubHub by 23.7% in the third quarter. TIAA CREF Investment Management LLC now owns 2,102,310 shares of the information services provider’s stock valued at $291,422,000 after purchasing an additional 402,466 shares during the period. Hedge funds and other institutional investors own 92.63% 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.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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