GrubHub (NYSE:GRUB) had its price objective decreased by equities research analysts at Deutsche Bank from $67.00 to $40.00 in a report issued on Friday, The Fly reports. The firm currently has a “hold” rating on the information services provider’s stock. Deutsche Bank’s price objective suggests a potential upside of 11.89% from the company’s previous close.
A number of other research firms have also recently weighed in on GRUB. Benchmark decreased their price target on GrubHub from $90.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Jefferies Financial Group decreased their price target on GrubHub from $78.00 to $45.00 and set a “hold” rating for the company in a report on Tuesday, October 29th. Zacks Investment Research cut GrubHub from a “hold” rating to a “sell” rating and set a $84.00 price target for the company. in a report on Wednesday, July 31st. Wedbush cut GrubHub from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $90.00 to $30.00 in a research note on Wednesday, October 30th. Finally, Bank of America cut GrubHub from a “buy” rating to an “underperform” rating in a research note on Tuesday, October 29th. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $61.20.
GRUB stock traded up $1.14 during trading on Friday, hitting $35.75. The stock had a trading volume of 54,289 shares, compared to its average volume of 6,428,580. The company’s 50 day moving average price is $51.99 and its two-hundred day moving average price is $63.78. GrubHub has a 1-year low of $32.11 and a 1-year high of $94.73. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 6.71 and a beta of 1.12. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.42 and a current ratio of 2.34.
GrubHub (NYSE:GRUB) last posted its earnings results on Monday, October 28th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.15. The firm had revenue of $322.05 million during the quarter, compared to the consensus estimate of $329.54 million. GrubHub had a net margin of 0.32% and a return on equity of 2.89%. The company’s revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. As a group, sell-side analysts forecast that GrubHub will post 0.19 earnings per share for the current fiscal year.
In related news, Director Keith Richman bought 3,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were purchased at an average cost of $33.31 per share, with a total value of $99,930.00. Following the completion of the transaction, the director now directly owns 3,284 shares of the company’s stock, valued at $109,390.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Samuel Pike Hall sold 704 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $57.58, for a total value of $40,536.32. Following the completion of the sale, the insider now directly owns 2,695 shares in the company, valued at $155,178.10. The disclosure for this sale can be found here. Insiders have sold 4,874 shares of company stock worth $268,646 over the last 90 days. 1.88% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Elkfork Partners LLC bought a new position in GrubHub during the second quarter valued at about $26,000. Meadow Creek Investment Management LLC bought a new position in GrubHub during the second quarter valued at about $33,000. Glen Harbor Capital Management LLC bought a new position in GrubHub during the second quarter valued at about $40,000. Steward Partners Investment Advisory LLC bought a new position in GrubHub during the second quarter valued at about $41,000. Finally, Avestar Capital LLC boosted its stake in GrubHub by 44.9% during the second quarter. Avestar Capital LLC now owns 842 shares of the information services provider’s stock valued at $44,000 after buying an additional 261 shares in the last quarter.
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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