GrubHub (NYSE:GRUB) Given “Hold” Rating at Needham & Company LLC

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Needham & Company LLC restated their hold rating on shares of GrubHub (NYSE:GRUB) in a report published on Thursday, TipRanks reports.

Other equities analysts have also issued research reports about the company. Argus lifted their price target on Apple to $250.00 and gave the stock a buy rating in a research report on Thursday, May 2nd. BTIG Research lowered GrubHub from a buy rating to a positive rating in a research report on Wednesday, April 3rd. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Zacks Investment Research raised GreenTree Hospitality Group from a sell rating to a hold rating in a research report on Monday, April 15th. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $110.00 price target on shares of GrubHub in a research report on Friday, April 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $110.22.

GRUB stock traded up $1.86 on Thursday, reaching $75.86. The company’s stock had a trading volume of 2,193,532 shares, compared to its average volume of 1,870,028. The company has a fifty day moving average price of $70.78. GrubHub has a 12-month low of $60.20 and a 12-month high of $149.35. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 61.67, a PEG ratio of 3.72 and a beta of 1.21. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.28.

GrubHub (NYSE:GRUB) last announced its quarterly earnings data on Thursday, April 25th. The information services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.11 by $0.19. The business had revenue of $323.77 million during the quarter, compared to analyst estimates of $322.23 million. GrubHub had a return on equity of 6.14% and a net margin of 4.97%. The company’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share. On average, equities analysts expect that GrubHub will post 0.81 EPS for the current year.

In other news, CEO Matthew M. Maloney purchased 15,416 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was acquired at an average cost of $64.87 per share, for a total transaction of $1,000,035.92. Following the purchase, the chief executive officer now directly owns 13,621 shares in the company, valued at approximately $883,594.27. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Samuel Pike Hall sold 2,818 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $75.00, for a total value of $211,350.00. Following the sale, the insider now owns 940 shares of the company’s stock, valued at $70,500. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,545 shares of company stock valued at $261,371. Corporate insiders own 1.88% of the company’s stock.

Large investors have recently made changes to their positions in the stock. First Hawaiian Bank bought a new position in shares of GrubHub during the 1st quarter valued at approximately $30,000. YorkBridge Wealth Partners LLC bought a new position in shares of GrubHub during the 1st quarter valued at approximately $35,000. Valeo Financial Advisors LLC grew its stake in shares of GrubHub by 2,857.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 621 shares of the information services provider’s stock valued at $48,000 after acquiring an additional 600 shares during the period. Quadrant Capital Group LLC grew its stake in shares of GrubHub by 118.8% during the 1st quarter. Quadrant Capital Group LLC now owns 1,212 shares of the information services provider’s stock valued at $81,000 after acquiring an additional 658 shares during the period. Finally, Zions Bancorporation N.A. bought a new position in shares of GrubHub during the 2nd quarter valued at approximately $164,000.

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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