Stifel Nicolaus Raises GrubHub (GRUB) Price Target to $75.00

GrubHub (NYSE:GRUB) had its price objective upped by stock analysts at Stifel Nicolaus from $63.00 to $75.00 in a report released on Tuesday. The brokerage currently has a “buy” rating on the information services provider’s stock. Stifel Nicolaus’ target price suggests a potential upside of 10.04% from the stock’s previous close.

Several other brokerages have also recently commented on GRUB. Barclays cut shares of GrubHub from an “equal weight” rating to an “underweight” rating and set a $56.00 target price for the company. in a research report on Tuesday, January 30th. Wedbush cut shares of GrubHub from an “outperform” rating to a “neutral” rating and upped their target price for the company from $65.00 to $70.00 in a research report on Monday, January 8th. They noted that the move was a valuation call. Wells Fargo & Co reiterated a “market perform” rating and set a $68.00 target price (up previously from $58.00) on shares of GrubHub in a research report on Monday, January 8th. DA Davidson reiterated a “hold” rating and set a $65.00 target price on shares of GrubHub in a research report on Thursday, February 1st. They noted that the move was a valuation call. Finally, Oppenheimer upped their target price on shares of GrubHub to $80.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $66.18.

Shares of GrubHub (NYSE:GRUB) opened at $68.16 on Tuesday. The company has a market cap of $6,124.97, a price-to-earnings ratio of 100.24, a price-to-earnings-growth ratio of 3.01 and a beta of 1.54. GrubHub has a 1 year low of $32.43 and a 1 year high of $77.99.

In related news, CEO Matthew M. Maloney sold 56,250 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $71.09, for a total value of $3,998,812.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Margo Drucker sold 1,237 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $71.87, for a total transaction of $88,903.19. Following the completion of the sale, the senior vice president now owns 892 shares of the company’s stock, valued at approximately $64,108.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 326,558 shares of company stock valued at $22,806,527. 2.37% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC acquired a new position in GrubHub in the 3rd quarter worth $105,000. PNC Financial Services Group Inc. boosted its stake in GrubHub by 6.4% in the 2nd quarter. 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 period. Asset Dedication LLC acquired a new position in GrubHub in the 3rd quarter worth $165,000. BT Investment Management Ltd acquired a new position in GrubHub in the 3rd quarter worth $195,000. Finally, Comerica Bank acquired a new position in GrubHub in the 3rd quarter worth $201,000.

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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 (NYSE:GRUB)

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