GrubHub (GRUB) Price Target Lowered to $100.00 at DA Davidson

GrubHub (NYSE:GRUB) had its price target trimmed by DA Davidson to $100.00 in a research report report published on Friday, The Fly reports. The firm currently has a buy rating on the information services provider’s stock.

GRUB has been the subject of a number of other research reports. Canaccord Genuity set a $140.00 price target on shares of GrubHub and gave the company a buy rating in a research note on Friday, October 26th. Stifel Nicolaus raised shares of GrubHub from a hold rating to a buy rating and lowered their price target for the stock from $140.00 to $125.00 in a research report on Friday, October 26th. ValuEngine lowered shares of GrubHub from a strong-buy rating to a buy rating in a research report on Friday, October 26th. Argus decreased their target price on shares of GrubHub from $170.00 to $120.00 and set a buy rating on the stock in a report on Friday, November 2nd. Finally, Craig Hallum decreased their target price on shares of GrubHub from $180.00 to $150.00 and set a buy rating on the stock in a report on Tuesday, December 18th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $119.82.

Shares of NYSE GRUB opened at $78.08 on Friday. GrubHub has a fifty-two week low of $66.62 and a fifty-two week high of $149.35. The company has a market capitalization of $7.81 billion, a P/E ratio of 63.48, a price-to-earnings-growth ratio of 2.36 and a beta of 1.27. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.20.

GrubHub (NYSE:GRUB) last issued its earnings results on Thursday, February 7th. The information services provider reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. GrubHub had a net margin of 7.79% and a return on equity of 8.43%. The firm had revenue of $287.72 million during the quarter, compared to the consensus estimate of $290.43 million. During the same quarter in the prior year, the firm earned $0.37 earnings per share. The business’s quarterly revenue was up 40.3% on a year-over-year basis. Research analysts predict that GrubHub will post 1.42 EPS for the current fiscal year.

In related news, CTO Maria Belousova sold 2,753 shares of GrubHub stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $80.09, for a total value of $220,487.77. Following the completion of the sale, the chief technology officer now directly owns 857 shares in the company, valued at approximately $68,637.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 9,801 shares of company stock valued at $773,267 over the last quarter. 1.59% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its holdings in GrubHub by 73.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 29,757 shares of the information services provider’s stock worth $3,122,000 after purchasing an additional 12,587 shares in the last quarter. FMR LLC increased its position in shares of GrubHub by 3.4% during the 2nd quarter. FMR LLC now owns 1,361,927 shares of the information services provider’s stock valued at $142,880,000 after purchasing an additional 44,626 shares during the last quarter. United Services Automobile Association grew its position in GrubHub by 7.2% in the 2nd quarter. United Services Automobile Association now owns 14,530 shares of the information services provider’s stock valued at $1,524,000 after acquiring an additional 982 shares during the last quarter. Aperio Group LLC grew its position in GrubHub by 24.3% in the 3rd quarter. Aperio Group LLC now owns 17,898 shares of the information services provider’s stock valued at $2,481,000 after acquiring an additional 3,495 shares during the last quarter. Finally, Oakbrook Investments LLC bought a new position in GrubHub in the 3rd quarter valued at $388,000. 92.63% of the stock is currently owned by hedge funds and other institutional investors.

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.

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