Morgan Stanley Trims GrubHub (GRUB) Target Price to $101.00

GrubHub (NYSE:GRUB) had its price target trimmed by Morgan Stanley from $106.00 to $101.00 in a research note published on Tuesday morning. The brokerage currently has an equal weight rating on the information services provider’s stock.

Other research analysts have also issued reports about the stock. Canaccord Genuity set a $140.00 target price on shares of GrubHub and gave the stock a buy rating in a research note on Friday, October 26th. DA Davidson raised shares of GrubHub from a neutral rating to a buy rating and increased their target price for the stock from $115.00 to $120.00 in a research note on Friday, October 26th. They noted that the move was a valuation call. Stifel Nicolaus raised shares of GrubHub from a hold rating to a buy rating and cut their target price for the stock from $140.00 to $125.00 in a research note on Friday, October 26th. ValuEngine lowered shares of GrubHub from a strong-buy rating to a buy rating in a research note on Friday, October 26th. Finally, Craig Hallum increased their target price on shares of GrubHub from $160.00 to $180.00 and gave the stock a buy rating in a research note on Tuesday, September 18th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $125.23.

NYSE:GRUB opened at $78.54 on Tuesday. 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 52 week low of $66.07 and a 52 week high of $149.35. The firm has a market capitalization of $7.29 billion, a PE ratio of 80.14, a PEG ratio of 2.15 and a beta of 1.36.

GrubHub (NYSE:GRUB) last issued its earnings results on Thursday, October 25th. The information services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.14. The business had revenue of $247.23 million for the quarter, compared to analyst estimates of $238.19 million. GrubHub had a net margin of 14.83% and a return on equity of 10.64%. Equities research analysts forecast that GrubHub will post 1.3 earnings per share for the current year.

In related news, CFO Adam Dewitt sold 2,250 shares of the firm’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $115.87, for a total transaction of $260,707.50. Following the completion of the sale, the chief financial officer now owns 17,646 shares in the company, valued at $2,044,642.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linda Johnson Rice sold 596 shares of the firm’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $115.87, for a total transaction of $69,058.52. Following the sale, the director now owns 545 shares of the company’s stock, valued at approximately $63,149.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,985 shares of company stock valued at $1,960,449. 1.59% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of GRUB. Csenge Advisory Group purchased a new stake in GrubHub during the third quarter worth about $69,000. Advisory Services Network LLC increased its holdings in GrubHub by 287.6% during the third quarter. Advisory Services Network LLC now owns 969 shares of the information services provider’s stock worth $134,000 after buying an additional 719 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in GrubHub during the third quarter worth about $146,000. Wakefield Asset Management LLLP purchased a new stake in GrubHub during the third quarter worth about $172,000. Finally, OLD National Bancorp IN bought a new position in GrubHub during the third quarter worth about $203,000. Institutional investors and hedge funds own 92.46% of the company’s stock.

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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