Trading Report: The Brokers Offer Predictions for GrubHub Inc’s Q1 2017 Earnings (GRUB)

The Brokers Offer Predictions for GrubHub Inc’s Q1 2017 Earnings (GRUB)

GrubHub Inc (NASDAQ:GRUB) – Oppenheimer Holdings issued their Q1 2017 earnings per share estimates for shares of GrubHub in a research report issued to clients and investors on Wednesday. Oppenheimer Holdings analyst J. Helfstein forecasts that the firm will post earnings per share of $0.24 for the quarter. Oppenheimer Holdings also issued estimates for GrubHub’s Q2 2017 earnings at $0.21 EPS, Q3 2017 earnings at $0.23 EPS and Q4 2017 earnings at $0.27 EPS.

GrubHub (NASDAQ:GRUB) last announced its earnings results on Wednesday, October 26th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. The business had revenue of $123.50 million for the quarter, compared to analyst estimates of $118.36 million. During the same quarter in the previous year, the company earned $0.08 EPS. The business’s revenue for the quarter was up 44.1% on a year-over-year basis.

Several other analysts have also commented on the stock. Roth Capital raised shares of GrubHub from a “neutral” rating to a “buy” rating in a research report on Thursday. Mizuho reaffirmed a “buy” rating and issued a $33.00 price objective on shares of GrubHub in a research report on Wednesday, July 27th. Canaccord Genuity reaffirmed a “buy” rating and issued a $42.00 price objective (up previously from $34.00) on shares of GrubHub in a research report on Sunday, July 31st. Wedbush reaffirmed an “outperform” rating and issued a $47.00 price objective on shares of GrubHub in a research report on Monday, August 15th. Finally, Bank of America Corp. lowered shares of GrubHub from a “buy” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a research report on Friday, July 29th. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $41.41.

GrubHub (NASDAQ:GRUB) opened at 38.43 on Monday. The firm’s 50 day moving average is $41.54 and its 200-day moving average is $33.60. GrubHub has a 12 month low of $17.77 and a 12 month high of $44.58. The firm has a market cap of $3.27 billion and a price-to-earnings ratio of 69.87.

In other GrubHub news, CEO Matthew M. Maloney sold 700 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $40.00, for a total value of $28,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Stanley Chia sold 5,838 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $38.81, for a total transaction of $226,572.78. The disclosure for this sale can be found here.

A number of institutional investors have recently added to or reduced their stakes in GRUB. Societe Generale bought a new position in GrubHub during the second quarter worth approximately $113,000. SG Americas Securities LLC bought a new position in GrubHub during the second quarter worth approximately $113,000. BlackRock Inc. boosted its position in GrubHub by 133.5% in the first quarter. BlackRock Inc. now owns 4,927 shares of the company’s stock worth $124,000 after buying an additional 2,817 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in GrubHub by 6.6% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,323 shares of the company’s stock worth $134,000 after buying an additional 269 shares in the last quarter. Finally, Sei Investments Co. bought a new position in GrubHub during the second quarter worth approximately $148,000.

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