Roth Capital Cuts GrubHub (GRUB) Price Target to $110.00

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GrubHub (NYSE:GRUB) had its target price lowered by Roth Capital from $130.00 to $110.00 in a research note issued to investors on Friday morning, The Fly reports. The brokerage currently has a neutral rating on the information services provider’s stock.

A number of other equities research analysts have also commented on the company. Wedbush dropped their price target on GrubHub from $180.00 to $150.00 and set an outperform rating on the stock in a research report on Friday. Canaccord Genuity set a $140.00 price target on GrubHub and gave the stock a buy rating in a research report on Friday. Goldman Sachs Group raised GrubHub from a buy rating to a conviction-buy rating in a research report on Friday. DA Davidson raised GrubHub from a neutral rating to a buy rating and raised their price target for the stock from $115.00 to $120.00 in a research report on Friday. They noted that the move was a valuation call. Finally, Stifel Nicolaus raised GrubHub from a hold rating to a buy rating and dropped their price target for the stock from $140.00 to $125.00 in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $134.48.

NYSE:GRUB opened at $84.44 on Friday. GrubHub has a 1-year low of $59.34 and a 1-year high of $149.35. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 86.16, a P/E/G ratio of 2.38 and a beta of 1.14.

GrubHub (NYSE:GRUB) last released its earnings results on Thursday, October 25th. The information services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.14. GrubHub had a return on equity of 11.09% and a net margin of 14.83%. The firm had revenue of $247.23 million for the quarter, compared to analyst estimates of $238.19 million. Research analysts anticipate that GrubHub will post 1.5 EPS for the current year.

In related news, CEO Matthew M. Maloney sold 3,125 shares of the company’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $128.64, for a total value of $402,000.00. Following the completion of the transaction, the chief executive officer now owns 7,946 shares of the company’s stock, valued at approximately $1,022,173.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Margo Drucker sold 1,666 shares of the company’s stock in a transaction on Monday, October 22nd. The stock was sold at an average price of $115.65, for a total transaction of $192,672.90. Following the completion of the transaction, the senior vice president now directly owns 1,766 shares of the company’s stock, valued at approximately $204,237.90. The disclosure for this sale can be found here. Insiders sold a total of 96,749 shares of company stock valued at $12,874,593 in the last ninety days. 1.59% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC purchased a new stake in GrubHub in the 1st quarter worth $747,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in GrubHub by 229.0% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,583 shares of the information services provider’s stock worth $261,000 after purchasing an additional 1,798 shares in the last quarter. Xact Kapitalforvaltning AB lifted its stake in GrubHub by 43.5% in the 1st quarter. Xact Kapitalforvaltning AB now owns 10,881 shares of the information services provider’s stock worth $1,104,000 after purchasing an additional 3,300 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in GrubHub in the 1st quarter worth $750,000. Finally, Brown Advisory Inc. purchased a new stake in GrubHub in the 1st quarter worth $435,000. 98.84% of the stock is owned by institutional investors.

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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