GrubHub Inc (GRUB) Earns “Outperform” Rating from Cowen and Company

Cowen and Company restated their outperform rating on shares of GrubHub Inc (NASDAQ:GRUB) in a research report released on Thursday morning. They currently have a $65.00 target price on the information services provider’s stock, up from their prior target price of $54.00.

Several other equities analysts also recently weighed in on the company. DA Davidson began coverage on GrubHub in a report on Wednesday. They set a neutral rating and a $48.00 price target for the company. BidaskClub downgraded GrubHub from a buy rating to a hold rating in a report on Wednesday. Deutsche Bank AG downgraded GrubHub from a buy rating to a hold rating in a report on Tuesday, September 12th. Credit Suisse Group downgraded GrubHub from an outperform rating to a neutral rating and raised their price target for the company from $50.00 to $53.00 in a report on Monday, September 11th. Finally, KeyCorp restated a buy rating and set a $62.00 price target (up from $56.00) on shares of GrubHub in a report on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. GrubHub has an average rating of Hold and an average target price of $51.21.

GrubHub (NASDAQ:GRUB) traded down 2.58% during trading on Thursday, reaching $53.56. 3,166,959 shares of the company’s stock were exchanged. GrubHub has a 12 month low of $32.43 and a 12 month high of $57.61. The stock has a market cap of $4.63 billion and a PE ratio of 78.76. The firm has a 50 day moving average of $54.00 and a 200-day moving average of $43.79.

GrubHub (NASDAQ:GRUB) last issued its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. GrubHub had a return on equity of 5.84% and a net margin of 9.29%. The firm had revenue of $158.79 million during the quarter, compared to the consensus estimate of $158.13 million. On average, equities research analysts anticipate that GrubHub will post $1.10 earnings per share for the current fiscal year.

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In other GrubHub news, COO Stanley Chia sold 837 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $43.54, for a total value of $36,442.98. Following the transaction, the chief operating officer now directly owns 1,215 shares of the company’s stock, valued at $52,901.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew M. Maloney sold 6,250 shares of the firm’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $44.69, for a total value of $279,312.50. The disclosure for this sale can be found here. Insiders sold 411,568 shares of company stock worth $21,454,308 over the last three months.

A number of large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its position in shares of GrubHub by 6.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock valued at $108,000 after buying an additional 148 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of GrubHub by 11.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after buying an additional 285 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new position in shares of GrubHub during the 2nd quarter valued at about $146,000. Chicago Partners Investment Group LLC purchased a new position in shares of GrubHub during the 2nd quarter valued at about $154,000. Finally, Karp Capital Management Corp purchased a new position in shares of GrubHub during the 1st quarter valued at about $214,000.

About GrubHub

Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.

Analyst Recommendations for GrubHub (NASDAQ:GRUB)

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