GrubHub (NYSE:GRUB) had its price target lifted by Morgan Stanley from $33.00 to $60.00 in a research report report published on Tuesday morning, BenzingaRatingsTable reports. The brokerage currently has an equal weight rating on the information services provider’s stock.
GRUB has been the subject of a number of other research reports. Oppenheimer lowered GrubHub from an outperform rating to an underperform rating and lowered their target price for the company from $91.00 to $34.00 in a research note on Tuesday, October 29th. ValuEngine upgraded GrubHub from a buy rating to a strong-buy rating in a research note on Tuesday, November 5th. BTIG Research lowered GrubHub from a buy rating to a neutral rating in a research note on Tuesday, October 29th. Gordon Haskett lowered GrubHub from a buy rating to a hold rating and set a $45.00 target price for the company. in a research note on Tuesday, October 29th. Finally, Cowen lowered GrubHub from an outperform rating to a market perform rating in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $62.12.
Shares of GRUB stock traded up $1.24 during trading hours on Tuesday, reaching $56.92. The company had a trading volume of 792,390 shares, compared to its average volume of 3,257,113. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34. GrubHub has a twelve month low of $32.11 and a twelve month high of $87.98. The company has a market capitalization of $5.12 billion, a P/E ratio of 1,897.33 and a beta of 1.24. The stock’s fifty day simple moving average is $48.29 and its 200 day simple moving average is $55.51.
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, beating analysts’ consensus estimates of $0.12 by $0.15. GrubHub had a return on equity of 2.89% and a net margin of 0.32%. The business had revenue of $322.05 million during the quarter, compared to analyst estimates of $329.54 million. During the same quarter last year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year. As a group, equities analysts expect that GrubHub will post 0.21 earnings per share for the current year.
In related news, SVP Margo Drucker sold 587 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $60.00, for a total value of $35,220.00. Following the completion of the sale, the senior vice president now owns 8,481 shares of the company’s stock, valued at $508,860. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Adam Dewitt sold 3,200 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $47.17, for a total transaction of $150,944.00. Following the completion of the transaction, the chief financial officer now owns 57,662 shares of the company’s stock, valued at approximately $2,719,916.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,706 shares of company stock worth $421,239. Insiders own 1.88% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. CSat Investment Advisory L.P. purchased a new position in GrubHub during the 2nd quarter worth approximately $52,000. Quadrant Capital Group LLC grew its position in GrubHub by 81.5% during the third quarter. Quadrant Capital Group LLC now owns 993 shares of the information services provider’s stock valued at $53,000 after buying an additional 446 shares during the period. Truvestments Capital LLC purchased a new stake in GrubHub during the third quarter worth about $60,000. AdvisorNet Financial Inc raised its position in GrubHub by 1,050.0% in the third quarter. AdvisorNet Financial Inc now owns 1,150 shares of the information services provider’s stock worth $65,000 after acquiring an additional 1,050 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its position in GrubHub by 195.2% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,491 shares of the information services provider’s stock worth $84,000 after acquiring an additional 986 shares during the period.
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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