Needham & Company LLC restated their hold rating on shares of GrubHub (NYSE:GRUB) in a research note released on Thursday, TipRanks reports.
GRUB has been the subject of a number of other research reports. Citigroup began coverage on shares of Tallgrass Energy in a research note on Tuesday, June 25th. They issued a buy rating and a $23.00 price target for the company. Wedbush reiterated an outperform rating and issued a $22.00 price target on shares of Turtle Beach in a research note on Monday, April 29th. Craig Hallum reiterated a buy rating and issued a $100.00 price target (down previously from $120.00) on shares of GrubHub in a research note on Wednesday, April 17th. BNP Paribas began coverage on shares of GrubHub in a research note on Friday, June 7th. They issued an outperform rating and a $84.00 price target for the company. Finally, Gordon Haskett started coverage on shares of GrubHub in a research note on Monday, May 20th. They issued a buy rating and a $75.00 price target for the company. One research 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 stock. GrubHub currently has an average rating of Buy and an average price target of $110.22.
GrubHub stock traded up $1.86 during trading on Thursday, reaching $75.86. The stock had a trading volume of 2,193,532 shares, compared to its average volume of 1,870,028. GrubHub has a 52-week low of $60.20 and a 52-week high of $149.35. The firm has a 50 day moving average of $70.78. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market capitalization of $6.92 billion, a PE ratio of 61.67, a PEG ratio of 3.72 and a beta of 1.21.
GrubHub (NYSE:GRUB) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.19. GrubHub had a net margin of 4.97% and a return on equity of 6.14%. The company had revenue of $323.77 million during the quarter, compared to the consensus estimate of $322.23 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The firm’s quarterly revenue was up 39.2% on a year-over-year basis. As a group, sell-side analysts expect that GrubHub will post 0.81 EPS for the current fiscal year.
In other GrubHub news, CEO Matthew M. Maloney bought 15,416 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were acquired at an average cost of $64.87 per share, with a total value of $1,000,035.92. Following the acquisition, the chief executive officer now directly owns 13,621 shares of the company’s stock, valued at approximately $883,594.27. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Samuel Pike Hall sold 2,818 shares of GrubHub stock in a transaction on Friday, April 26th. The shares were sold at an average price of $75.00, for a total transaction of $211,350.00. Following the completion of the transaction, the insider now directly owns 940 shares in the company, valued at $70,500. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,545 shares of company stock worth $261,371. 1.88% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. LPL Financial LLC raised its holdings in GrubHub by 38.0% during the 4th quarter. LPL Financial LLC now owns 12,477 shares of the information services provider’s stock valued at $958,000 after acquiring an additional 3,433 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in GrubHub by 5.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,179 shares of the information services provider’s stock valued at $321,000 after acquiring an additional 206 shares during the period. Northern Trust Corp raised its holdings in GrubHub by 16.3% during the 4th quarter. Northern Trust Corp now owns 531,200 shares of the information services provider’s stock valued at $40,802,000 after acquiring an additional 74,537 shares during the period. Great West Life Assurance Co. Can raised its holdings in GrubHub by 135.1% during the 4th quarter. Great West Life Assurance Co. Can now owns 23,549 shares of the information services provider’s stock valued at $1,726,000 after acquiring an additional 13,531 shares during the period. Finally, Nomura Asset Management Co. Ltd. bought a new stake in GrubHub during the 4th quarter valued at $975,000.
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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