Grubhub (NYSE:GRUB) had its target price upped by Citigroup to $110.00 in a report released on Thursday morning. Citigroup currently has a neutral rating on the information services provider’s stock. The analysts noted that the move was a valuation call.
Several other equities research analysts have also issued reports on GRUB. Canaccord Genuity restated a buy rating and set a $80.00 price target on shares of Grubhub in a research note on Tuesday, January 2nd. Credit Suisse Group set a $65.00 price target on shares of Grubhub and gave the stock a hold rating in a research note on Thursday, January 4th. They noted that the move was a valuation call. Oppenheimer raised their price target on shares of Grubhub to $80.00 and gave the stock an outperform rating in a research note on Friday, January 5th. Wedbush lowered shares of Grubhub from an outperform rating to a neutral rating and raised their price target for the stock from $65.00 to $70.00 in a research note on Monday, January 8th. They noted that the move was a valuation call. Finally, Wells Fargo restated a market perform rating and set a $68.00 price target (up previously from $58.00) on shares of Grubhub in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Grubhub has an average rating of Hold and a consensus target price of $79.40.
NYSE:GRUB traded down $1.75 on Thursday, hitting $98.15. The stock had a trading volume of 423,760 shares, compared to its average volume of 1,796,228. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market cap of $8,572.94, a price-to-earnings ratio of 99.99, a price-to-earnings-growth ratio of 3.66 and a beta of 0.98. Grubhub has a 1 year low of $33.76 and a 1 year high of $112.41.
Grubhub (NYSE:GRUB) last posted its quarterly earnings data on Thursday, February 8th. The information services provider reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.07. Grubhub had a net margin of 14.49% and a return on equity of 8.29%. The firm had revenue of $205.10 million during the quarter, compared to analyst estimates of $201.55 million. During the same quarter last year, the business posted $0.23 EPS. The company’s revenue for the quarter was up 49.2% on a year-over-year basis. sell-side analysts forecast that Grubhub will post 1.16 earnings per share for the current year.
In other Grubhub news, SVP Margo Drucker sold 1,759 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $70.70, for a total value of $124,361.30. Following the completion of the transaction, the senior vice president now directly owns 892 shares of the company’s stock, valued at approximately $63,064.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Adam Dewitt sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $71.20, for a total transaction of $356,000.00. Following the completion of the transaction, the chief financial officer now directly owns 16,366 shares of the company’s stock, valued at $1,165,259.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 201,831 shares of company stock valued at $16,568,467. Insiders own 2.37% of the company’s stock.
Large investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB purchased a new stake in shares of Grubhub during the 4th quarter valued at $544,000. MetLife Investment Advisors LLC purchased a new stake in shares of Grubhub during the 4th quarter valued at $2,816,000. Macquarie Group Ltd. raised its position in shares of Grubhub by 10.3% during the 4th quarter. Macquarie Group Ltd. now owns 1,014,954 shares of the information services provider’s stock valued at $72,874,000 after buying an additional 94,823 shares in the last quarter. Lido Advisors LLC purchased a new stake in shares of Grubhub during the 4th quarter valued at $502,000. Finally, Zeke Capital Advisors LLC purchased a new stake in shares of Grubhub during the 4th quarter valued at $297,000.
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 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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