GrubHub (GRUB) Raised to Buy at Roth Capital

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Roth Capital upgraded shares of GrubHub (NYSE:GRUB) from a neutral rating to a buy rating in a research note released on Friday morning, MarketBeat.com reports. Roth Capital currently has $95.00 price target on the information services provider’s stock, up from their prior price target of $92.00.

Several other analysts also recently weighed in on GRUB. Stifel Nicolaus upgraded shares of GrubHub from a hold rating to a buy rating and cut their price objective for the company from $140.00 to $125.00 in a research report on Friday, October 26th. TheStreet downgraded shares of GrubHub from a b rating to a c+ rating in a research report on Monday, October 29th. Goldman Sachs Group upgraded shares of GrubHub from a buy rating to a conviction-buy rating in a research report on Friday, October 26th. Morgan Stanley cut their price objective on shares of GrubHub from $106.00 to $101.00 and set an equal weight rating on the stock in a research report on Tuesday, January 8th. Finally, DA Davidson upgraded shares of GrubHub from a neutral rating to a buy rating and lifted their price objective for the company from $115.00 to $120.00 in a research report on Friday, October 26th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. GrubHub currently has a consensus rating of Buy and an average target price of $119.82.

GrubHub stock opened at $86.08 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.31 and a current ratio of 2.31. GrubHub has a 1 year low of $66.62 and a 1 year high of $149.35. The stock has a market capitalization of $7.81 billion, a PE ratio of 71.14, a price-to-earnings-growth ratio of 2.36 and a beta of 1.27.

GrubHub (NYSE:GRUB) last posted 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. GrubHub had a net margin of 7.79% and a return on equity of 8.43%. The company had revenue of $287.72 million for the quarter, compared to the consensus estimate of $290.43 million. During the same period last year, the firm posted $0.37 EPS. The company’s revenue for the quarter was up 40.3% on a year-over-year basis. On average, research analysts expect that GrubHub will post 1.42 earnings per share for the current year.

In other GrubHub news, CTO Maria Belousova sold 819 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The shares were 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 approximately $69,836.93. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders have sold 9,801 shares of company stock worth $773,267. 1.59% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its stake in GrubHub by 99.1% during the 4th quarter. Parallel Advisors LLC now owns 432 shares of the information services provider’s stock valued at $33,000 after buying an additional 215 shares during the period. Csenge Advisory Group acquired a new position in GrubHub during the 3rd quarter valued at about $69,000. LS Investment Advisors LLC acquired a new position in GrubHub during the 4th quarter valued at about $64,000. Advisory Services Network LLC increased its stake in GrubHub by 287.6% during the 3rd quarter. Advisory Services Network LLC now owns 969 shares of the information services provider’s stock valued at $134,000 after buying an additional 719 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in GrubHub during the 3rd quarter valued at about $146,000. 92.63% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for GrubHub (NYSE:GRUB)

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