GrubHub (GRUB) PT Lowered to $101.00 at Morgan Stanley

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GrubHub (NYSE:GRUB) had its target price reduced by Morgan Stanley from $106.00 to $101.00 in a research note released on Tuesday. They currently have an equal weight rating on the information services provider’s stock.

Several other equities analysts have also weighed in on GRUB. Zacks Investment Research upgraded GrubHub from a sell rating to a hold rating in a research note on Monday, December 31st. ValuEngine upgraded GrubHub from a hold rating to a buy rating in a report on Wednesday, January 2nd. Needham & Company LLC initiated coverage on GrubHub in a report on Tuesday. They issued a hold rating on the stock. KeyCorp initiated coverage on GrubHub in a report on Thursday, December 20th. They issued a sector weight rating on the stock. Finally, Jefferies Financial Group reiterated a hold rating and issued a $85.00 price objective (down from $108.00) on shares of GrubHub in a report on Tuesday, November 20th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. GrubHub has a consensus rating of Hold and an average target price of $125.23.

Shares of GrubHub stock traded down $2.56 on Tuesday, hitting $78.41. The company’s stock had a trading volume of 76,950 shares, compared to its average volume of 1,717,114. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.20. GrubHub has a 1 year low of $66.07 and a 1 year high of $149.35. The firm has a market cap of $7.29 billion, a PE ratio of 79.89, a P/E/G ratio of 2.15 and a beta of 1.36.

GrubHub (NYSE:GRUB) last announced its quarterly earnings results on Thursday, October 25th. The information services provider reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.14. GrubHub had a return on equity of 10.64% and a net margin of 14.83%. The firm had revenue of $247.23 million during the quarter, compared to analyst estimates of $238.19 million. On average, sell-side analysts expect that GrubHub will post 1.3 EPS for the current year.

In other news, Director Linda Johnson Rice sold 596 shares of the business’s stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $115.87, for a total transaction of $69,058.52. Following the transaction, the director now directly owns 545 shares in the company, valued at approximately $63,149.15. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Maria Belousova sold 2,752 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $74.72, for a total value of $205,629.44. Following the transaction, the chief technology officer now owns 857 shares in the company, valued at $64,035.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,985 shares of company stock worth $1,960,449. Insiders own 1.59% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Csenge Advisory Group purchased a new stake in shares of GrubHub during the 3rd quarter valued at approximately $69,000. Federated Investors Inc. PA raised its position in shares of GrubHub by 1.0% during the 3rd quarter. Federated Investors Inc. PA now owns 682,115 shares of the information services provider’s stock valued at $94,555,000 after buying an additional 6,988 shares during the period. Marshall Wace LLP purchased a new stake in shares of GrubHub during the 3rd quarter valued at approximately $542,000. MARSHALL WACE ASIA Ltd raised its position in shares of GrubHub by 3.5% during the 3rd quarter. MARSHALL WACE ASIA Ltd now owns 456,617 shares of the information services provider’s stock valued at $63,296,000 after buying an additional 15,383 shares during the period. Finally, Great Lakes Advisors LLC purchased a new stake in shares of GrubHub during the 3rd quarter valued at approximately $235,000. Institutional investors and hedge funds own 92.46% of the company’s stock.

About GrubHub

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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Analyst Recommendations for GrubHub (NYSE:GRUB)

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