Wall Street analysts expect GrubHub Inc (NYSE:GRUB) to post $288.93 million in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have made estimates for GrubHub’s earnings. The highest sales estimate is $292.24 million and the lowest is $286.85 million. GrubHub reported sales of $205.08 million during the same quarter last year, which indicates a positive year over year growth rate of 40.9%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 14th.
On average, analysts expect that GrubHub will report full year sales of $1.01 billion for the current financial year. For the next fiscal year, analysts forecast that the company will post sales of $1.33 billion, with estimates ranging from $1.25 billion to $1.44 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover GrubHub.
GrubHub (NYSE:GRUB) last issued its quarterly earnings data on Thursday, October 25th. The information services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.14. GrubHub had a return on equity of 10.64% and a net margin of 14.83%. The firm had revenue of $247.23 million during the quarter, compared to the consensus estimate of $238.19 million.
Several brokerages recently issued reports on GRUB. Credit Suisse Group lifted their price objective on GrubHub from $121.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 24th. DA Davidson upgraded GrubHub from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $115.00 to $120.00 in a research report on Friday, October 26th. They noted that the move was a valuation call. Zacks Investment Research upgraded GrubHub from a “sell” rating to a “hold” rating in a research report on Wednesday, October 3rd. Wedbush reiterated an “outperform” rating and issued a $150.00 price target on shares of GrubHub in a report on Thursday, November 29th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $152.00 price target on shares of GrubHub in a report on Friday, August 10th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $129.95.
In other news, CTO Maria Belousova sold 2,751 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $81.05, for a total transaction of $222,968.55. Following the completion of the sale, the chief technology officer now directly owns 857 shares in the company, valued at approximately $69,459.85. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Adam Dewitt sold 4,000 shares of the company’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $138.90, for a total value of $555,600.00. Following the sale, the chief financial officer now owns 18,476 shares of the company’s stock, valued at $2,566,316.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,296 shares of company stock valued at $5,818,514. Insiders own 2.37% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new stake in shares of GrubHub during the 3rd quarter worth $542,000. MARSHALL WACE ASIA Ltd increased its holdings in shares of GrubHub by 3.5% during the 3rd quarter. MARSHALL WACE ASIA Ltd now owns 456,617 shares of the information services provider’s stock worth $63,296,000 after buying an additional 15,383 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in shares of GrubHub during the 3rd quarter worth $235,000. Legal & General Group Plc increased its holdings in shares of GrubHub by 30.7% during the 3rd quarter. Legal & General Group Plc now owns 58,031 shares of the information services provider’s stock worth $8,045,000 after buying an additional 13,624 shares during the last quarter. Finally, Standard Life Aberdeen plc boosted its position in GrubHub by 0.7% during the 3rd quarter. Standard Life Aberdeen plc now owns 450,339 shares of the information services provider’s stock worth $62,428,000 after purchasing an additional 3,175 shares during the period. Institutional investors and hedge funds own 92.49% of the company’s stock.
Shares of GrubHub stock traded down $4.61 during trading on Monday, hitting $76.80. 2,580,641 shares of the company were exchanged, compared to its average volume of 2,434,381. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.31 and a quick ratio of 2.31. GrubHub has a fifty-two week low of $66.07 and a fifty-two week high of $149.35. The company has a market capitalization of $7.38 billion, a P/E ratio of 78.37, a P/E/G ratio of 2.53 and a beta of 1.56.
GrubHub Company Profile
GrubHub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.
Recommended Story: Cost of Capital Explained
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GrubHub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub and related companies with MarketBeat.com's FREE daily email newsletter.