Grubhub (GRUB) Downgraded by Morgan Stanley to Equal Weight

Morgan Stanley cut shares of Grubhub (NYSE:GRUB) from an overweight rating to an equal weight rating in a report issued on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has $100.00 target price on the information services provider’s stock.

GRUB has been the topic of several other research reports. Zacks Investment Research upgraded Grubhub from a hold rating to a buy rating and set a $112.00 price objective on the stock in a research note on Wednesday, April 11th. Wedbush lowered Grubhub from an outperform rating to a neutral rating and upped their price objective for the company from $65.00 to $70.00 in a research note on Monday, January 8th. They noted that the move was a valuation call. Oppenheimer upped their price objective on Grubhub to $80.00 and gave the company an outperform rating in a research note on Friday, January 5th. Wells Fargo restated a market perform rating and issued a $68.00 price objective (up previously from $58.00) on shares of Grubhub in a research note on Monday, January 8th. Finally, Barclays lowered Grubhub from an equal weight rating to an underweight rating and set a $56.00 price objective on the stock. in a research note on Tuesday, January 30th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $81.02.

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Shares of NYSE GRUB opened at $101.67 on Wednesday. Grubhub has a 52 week low of $34.40 and a 52 week high of $112.41. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.15. The company has a market cap of $8,871.14, a P/E ratio of 103.74, a P/E/G ratio of 3.79 and a beta of 0.98.

Grubhub (NYSE:GRUB) last issued its quarterly earnings results on Thursday, February 8th. The information services provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.24 by $0.07. Grubhub had a return on equity of 8.29% and a net margin of 14.49%. The firm had revenue of $205.10 million during the quarter, compared to analysts’ expectations of $201.55 million. During the same period in the prior year, the firm posted $0.23 earnings per share. The business’s quarterly revenue was up 49.2% compared to the same quarter last year. equities research analysts anticipate that Grubhub will post 1.16 EPS for the current year.

In other Grubhub news, insider Maria Belousova sold 28,761 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $86.57, for a total value of $2,489,839.77. Following the sale, the insider now owns 14,685 shares of the company’s stock, valued at approximately $1,271,280.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Matthew M. Maloney sold 18,750 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $75.18, for a total value of $1,409,625.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 199,484 shares of company stock worth $16,659,203. Company insiders own 2.37% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Profund Advisors LLC boosted its holdings in shares of Grubhub by 1,053.1% during the 4th quarter. Profund Advisors LLC now owns 45,523 shares of the information services provider’s stock valued at $3,269,000 after acquiring an additional 41,575 shares in the last quarter. Macquarie Group Ltd. boosted its holdings 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 acquiring an additional 94,823 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Grubhub during the 4th quarter valued at $2,663,000. Amalgamated Bank boosted its holdings in shares of Grubhub by 6.9% during the 4th quarter. Amalgamated Bank now owns 11,701 shares of the information services provider’s stock valued at $840,000 after acquiring an additional 759 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Grubhub by 2.6% during the 4th quarter. BlackRock Inc. now owns 5,477,332 shares of the information services provider’s stock valued at $393,274,000 after acquiring an additional 140,964 shares in the last quarter.

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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.

Analyst Recommendations for Grubhub (NYSE:GRUB)

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