GrubHub (NYSE:GRUB) Cut to “Buy” at ValuEngine

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GrubHub (NYSE:GRUB) was downgraded by research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday, ValuEngine reports.

GRUB has been the subject of a number of other research reports. DA Davidson set a $100.00 price objective on shares of GrubHub and gave the company a “buy” rating in a report on Friday, August 16th. Zacks Investment Research cut shares of GrubHub from a “hold” rating to a “sell” rating and set a $84.00 price objective for the company. in a report on Wednesday, July 31st. Wedbush set a $90.00 price objective on shares of GrubHub and gave the company an “in-line” rating in a report on Wednesday, July 31st. Morgan Stanley cut their price objective on shares of GrubHub from $72.00 to $68.00 and set an “equal weight” rating for the company in a report on Wednesday, July 31st. Finally, Benchmark reaffirmed a “buy” rating and issued a $90.00 price objective on shares of GrubHub in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $96.14.

Shares of GrubHub stock traded down $2.04 during trading on Tuesday, hitting $56.46. 1,706,954 shares of the company’s stock were exchanged, compared to its average volume of 2,697,813. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.42 and a current ratio of 2.42. The business has a 50-day simple moving average of $68.65 and a 200-day simple moving average of $70.78. GrubHub has a 52-week low of $56.25 and a 52-week high of $149.35. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 45.90, a PEG ratio of 3.22 and a beta of 1.21.

GrubHub (NYSE:GRUB) last issued its earnings results on Tuesday, July 30th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.13. GrubHub had a net margin of 2.17% and a return on equity of 4.25%. The firm had revenue of $325.06 million during the quarter, compared to analysts’ expectations of $317.39 million. During the same quarter last year, the company posted $0.50 earnings per share. The firm’s revenue was up 35.6% compared to the same quarter last year. On average, equities analysts anticipate that GrubHub will post 0.71 earnings per share for the current fiscal year.

In other news, insider Maria Belousova sold 6,821 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 6,661 shares of the company’s stock, valued at $461,340.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Margo Drucker sold 587 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $67.49, for a total transaction of $39,616.63. Following the sale, 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 three months. Corporate insiders own 1.88% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in GRUB. Clearbridge Investments LLC increased its stake in shares of GrubHub by 257.6% during the first quarter. Clearbridge Investments LLC now owns 6,028,803 shares of the information services provider’s stock worth $418,821,000 after purchasing an additional 4,342,673 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of GrubHub during the second quarter worth about $214,636,000. Viking Global Investors LP purchased a new stake in shares of GrubHub during the second quarter worth about $98,984,000. Baillie Gifford & Co. increased its stake in shares of GrubHub by 9.4% during the second quarter. Baillie Gifford & Co. now owns 10,040,807 shares of the information services provider’s stock worth $783,082,000 after purchasing an additional 865,569 shares in the last quarter. Finally, VGI Partners Ltd purchased a new stake in shares of GrubHub during the second quarter worth about $49,895,000.

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 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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