GrubHub Inc (NYSE:GRUB) Receives Average Recommendation of “Buy” from Brokerages

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Shares of GrubHub Inc (NYSE:GRUB) have earned a consensus recommendation of “Buy” from the twenty-six analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, thirteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $94.94.

A number of analysts have recently weighed in on GRUB shares. Zacks Investment Research lowered shares of GrubHub from a “hold” rating to a “sell” rating and set a $84.00 target price for the company. in a report on Wednesday, July 31st. ValuEngine upgraded shares of GrubHub from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Barclays raised their price objective on shares of GrubHub from $62.00 to $69.00 and gave the stock an “underweight” rating in a report on Wednesday, July 31st. Wells Fargo & Co lowered their price objective on shares of GrubHub from $85.00 to $74.00 and set an “in-line” rating for the company in a report on Tuesday, April 30th. Finally, Argus lowered shares of GrubHub from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd.

Shares of GrubHub stock traded up $1.39 during trading on Tuesday, reaching $59.94. 2,344,900 shares of the stock were exchanged, compared to its average volume of 3,825,620. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.41. The stock’s fifty day moving average is $72.50 and its 200 day moving average is $71.82. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 48.73, a price-to-earnings-growth ratio of 3.26 and a beta of 1.21. GrubHub has a 1 year low of $57.37 and a 1 year high of $149.35.

GrubHub (NYSE:GRUB) last posted its earnings results on Tuesday, July 30th. The information services provider reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.13. The company had revenue of $325.06 million during the quarter, compared to analyst estimates of $317.39 million. GrubHub had a net margin of 2.17% and a return on equity of 4.25%. GrubHub’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 earnings per share. Equities analysts forecast that GrubHub will post 0.71 earnings per share for the current year.

In other GrubHub news, insider Maria Belousova sold 6,821 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $69.26, for a total transaction of $472,422.46. Following the completion of the transaction, the insider now owns 6,661 shares of the company’s stock, valued at $461,340.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Margo Drucker sold 587 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $67.49, for a total transaction of $39,616.63. Following the transaction, the senior vice president now directly owns 7,727 shares of the company’s stock, valued at approximately $521,495.23. The disclosure for this sale can be found here. Insiders have sold 26,511 shares of company stock valued at $1,939,926 in the last ninety days. Insiders own 1.88% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in GRUB. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of GrubHub by 21.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 60,794 shares of the information services provider’s stock worth $4,742,000 after acquiring an additional 10,912 shares during the last quarter. Marathon Partners Equity Management LLC boosted its stake in shares of GrubHub by 87.5% during the 2nd quarter. Marathon Partners Equity Management LLC now owns 300,000 shares of the information services provider’s stock worth $23,397,000 after acquiring an additional 140,000 shares during the last quarter. Scholtz & Company LLC boosted its stake in shares of GrubHub by 89.1% during the 2nd quarter. Scholtz & Company LLC now owns 32,050 shares of the information services provider’s stock worth $2,500,000 after acquiring an additional 15,105 shares during the last quarter. United Services Automobile Association boosted its stake in shares of GrubHub by 612.2% during the 2nd quarter. United Services Automobile Association now owns 99,748 shares of the information services provider’s stock worth $7,779,000 after acquiring an additional 85,742 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of GrubHub by 23.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,494 shares of the information services provider’s stock worth $350,000 after acquiring an additional 857 shares during the last quarter.

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 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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Analyst Recommendations for GrubHub (NYSE:GRUB)

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