GrubHub (GRUB) Earning Somewhat Favorable News Coverage, Analysis Shows

Media coverage about GrubHub (NYSE:GRUB) has trended somewhat positive on Wednesday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. GrubHub earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the information services provider an impact score of 44.8874613925548 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news headlines that may have effected Accern’s scoring:

GrubHub (NYSE GRUB) traded up $0.84 during mid-day trading on Wednesday, reaching $68.42. 657,367 shares of the company’s stock traded hands, compared to its average volume of 1,971,885. GrubHub has a 52-week low of $32.43 and a 52-week high of $69.82. The company has a market cap of $5,920.00, a price-to-earnings ratio of 76.94, a P/E/G ratio of 3.67 and a beta of 1.67.

GrubHub (NYSE:GRUB) last released its earnings results on Wednesday, October 25th. The information services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. The firm had revenue of $163.10 million for the quarter, compared to analyst estimates of $159.63 million. During the same period last year, the firm earned $0.23 EPS. The business’s quarterly revenue was up 32.1% compared to the same quarter last year. analysts anticipate that GrubHub will post 0.89 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on the stock. Oppenheimer raised their target price on shares of GrubHub from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. Barclays raised their target price on shares of GrubHub from $45.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Wedbush restated an “outperform” rating and set a $54.93 target price (down previously from $63.00) on shares of GrubHub in a research note on Wednesday, August 23rd. Stifel Nicolaus lifted their price objective on shares of GrubHub from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Craig Hallum reiterated a “buy” rating and issued a $80.00 price objective (up previously from $70.00) on shares of GrubHub in a research note on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $59.18.

In related news, CFO Adam Dewitt sold 5,000 shares of GrubHub stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $51.13, for a total transaction of $255,650.00. Following the sale, the chief financial officer now directly owns 20,114 shares of the company’s stock, valued at approximately $1,028,428.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Barbara Martin Coppola sold 728 shares of GrubHub stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $67.51, for a total transaction of $49,147.28. Following the sale, the chief marketing officer now directly owns 7,097 shares in the company, valued at $479,118.47. The disclosure for this sale can be found here. Over the last three months, insiders sold 338,633 shares of company stock worth $20,241,687. Insiders own 2.37% of the company’s stock.

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GrubHub Company Profile

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.

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