Takes Position in GrubHub Inc (NYSE:GRUB)

Postado Março 15, 2018

GrubHub (NYSE:GRUB)'s stock had its "overweight" rating reiterated by investment analysts at KeyCorp in a research report issued to clients and investors on Thursday, February 22nd, Marketbeat Ratings reports. ValuEngine upgraded shares of GrubHub from a "hold" rating to a "buy" rating in a report on Thursday, March 1st.

A number of other research firms have also commented on GRUB. Cowen restated a "buy" rating and set a $96.00 price target on shares of GrubHub in a research note on Friday, February 9th. The target price by Cowen & Co. would suggest a potential downside of -28.83 % from the company's current price. They noted that the move was a valuation call. Koch Industries Inc. acquired a new stake in shares of GrubHub in the 2nd quarter worth $456,000. (NYSE:GRUB) earned "Buy" rating by Maxim Group on Friday, June 3. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. The stock presently has a consensus rating of Hold and a consensus target price of $74.07. As per Wednesday, October 28, the company rating was maintained by Northland Capital.

GrubHub (GRUB) traded up $1.03 on Thursday, reaching $109.59. GrubHub has a one year low of $32.43 and a one year high of $102.65. The firm has a market cap of $9,600.00, a price-to-earnings ratio of 146.70, a P/E/G ratio of 3.98 and a beta of 1.00.

GrubHub (NYSE:GRUB) last posted its quarterly earnings results on Thursday, February 8th. The information services provider reported $0.31 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.24 by $0.07. GrubHub had a return on equity of 8.29% and a net margin of 14.49%. The firm had revenue of $205.10 million during the quarter, compared to analysts' expectations of $201.55 million. During the same quarter a year ago, the business earned $0.23 EPS. During the same quarter in the previous year, the company posted $0.23 EPS. research analysts forecast that GrubHub will post 1.15 earnings per share for the current fiscal year.

In related news, CEO Matthew M. Maloney sold 6,250 shares of GrubHub stock in a transaction that occurred on Monday, December 18th. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

On 3/5/2018 Maria Belousova, CTO, sold 400 with an average share price of $99.18 per share and the total transaction amounting to $39,672.00. Following the completion of the transaction, the chief operating officer now directly owns 1,215 shares in the company, valued at $86,265. The disclosure for this sale can be found here. Insiders sold a total of 329,351 shares of company stock worth $25,178,630 over the last three months. Bronfman E.L. Rothschild L.P. now owns 2,533 shares of the information services provider's stock valued at $182,000 after purchasing an additional 885 shares during the last quarter. Credit Suisse downgraded GrubHub Inc. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider's stock worth $108,000 after purchasing an additional 148 shares during the last quarter. It also reduced its holding in Vanguard Total Bond Market Etf (BND) by 12,179 shares in the quarter, leaving it with 37,663 shares, and cut its stake in Scripps Networks Interactive Inc A (NYSE:SNI). The firm has "Equal-Weight" rating by Morgan Stanley given on Monday, October 26. Canada Pension Plan Investment Board now owns 967,371 shares of the information services provider's stock valued at $50,942,000 after acquiring an additional 297,571 shares during the last quarter. Finally, Zeke Capital Advisors LLC bought a new position in GrubHub in the 4th quarter worth approximately $297,000.

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GrubHub Inc., together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States.