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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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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