GrubHub (GRUB) Receives Buy Rating from Craig Hallum

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GrubHub (NYSE:GRUB)‘s stock had its “buy” rating reaffirmed 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 target price would suggest a potential upside of 50.47% from the stock’s current price.

A number of other analysts have also weighed in on the company. Zacks Investment Research upgraded GrubHub from a “strong sell” rating to a “hold” rating in a report on Monday. Stifel Nicolaus restated a “buy” rating and set a $110.00 target price on shares of GrubHub in a report on Friday, April 12th. Wedbush set a $100.00 target price on GrubHub and gave the stock an “outperform” rating in a report on Friday, April 12th. BTIG Research lowered GrubHub from a “buy” rating to a “positive” rating in a report on Wednesday, April 3rd. Finally, Roth Capital lowered GrubHub from a “buy” rating to a “neutral” rating in a report on Monday, February 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. GrubHub currently has a consensus rating of “Buy” and a consensus target price of $116.18.

Shares of NYSE GRUB traded up $0.15 during trading hours on Wednesday, reaching $66.46. The stock had a trading volume of 481,497 shares, compared to its average volume of 2,459,064. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 54.03, a PEG ratio of 3.50 and a beta of 1.23. GrubHub has a 52-week low of $64.57 and a 52-week 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, beating analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $287.72 million during the quarter, compared to analyst estimates of $290.43 million. GrubHub had a return on equity of 8.25% and a net margin of 7.79%. GrubHub’s quarterly revenue was up 40.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 earnings per share. Analysts forecast that GrubHub will post 0.84 earnings per share for the current year.

In related news, CTO Maria Belousova sold 2,753 shares of the company’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $80.09, for a total value of $220,487.77. Following the transaction, the chief technology officer now directly owns 857 shares of the company’s stock, valued at approximately $68,637.13. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 4,298 shares of company stock worth $344,320. Insiders own 1.59% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GRUB. Massey Quick Simon & CO. LLC boosted its holdings in GrubHub by 20.0% in the fourth quarter. Massey Quick Simon & CO. LLC now owns 1,117 shares of the information services provider’s stock valued at $86,000 after purchasing an additional 186 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in GrubHub by 5.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,179 shares of the information services provider’s stock valued at $321,000 after purchasing an additional 206 shares during the last quarter. Parallel Advisors LLC boosted its holdings in GrubHub by 99.1% in the fourth quarter. Parallel Advisors LLC now owns 432 shares of the information services provider’s stock valued at $33,000 after purchasing an additional 215 shares during the last quarter. Private Vista LLC boosted its holdings in GrubHub by 8.0% in the fourth quarter. Private Vista LLC now owns 2,930 shares of the information services provider’s stock valued at $225,000 after purchasing an additional 216 shares during the last quarter. Finally, Chartwell Investment Partners LLC boosted its holdings in GrubHub by 5.4% in the first quarter. Chartwell Investment Partners LLC now owns 4,570 shares of the information services provider’s stock valued at $317,000 after purchasing an additional 233 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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The Fly

Analyst Recommendations for GrubHub (NYSE:GRUB)

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