The GrubHub Inc (GRUB) Coverage Initiated at Argus

The GrubHub Inc (GRUB) Coverage Initiated at Argus

Research analysts at Argus initiated coverage on shares of GrubHub Inc (NASDAQ:GRUB) in a research report issued on Wednesday. The brokerage set a “buy” rating and a $52.00 price target on the stock. Argus’ price objective points to a potential upside of 26.27% from the stock’s current price.

GRUB has been the subject of a number of other reports. Stifel Nicolaus lowered shares of GrubHub from a “buy” rating to a “hold” rating and set a $45.00 target price for the company. in a report on Tuesday, October 4th. Roth Capital started coverage on shares of GrubHub in a report on Monday. They set a “neutral” rating and a $44.00 target price for the company. Canaccord Genuity reiterated a “buy” rating and set a $42.00 target price (up from $34.00) on shares of GrubHub in a report on Sunday, July 31st. Maxim Group lowered shares of GrubHub from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Finally, Jefferies Group started coverage on shares of GrubHub in a report on Tuesday, August 16th. They set a “hold” rating and a $43.00 target price for the company. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. GrubHub currently has a consensus rating of “Hold” and a consensus price target of $41.13.

GrubHub (NASDAQ:GRUB) opened at 41.18 on Wednesday. The firm has a market cap of $3.51 billion and a P/E ratio of 85.79. GrubHub has a 1-year low of $17.77 and a 1-year high of $44.58. The firm’s 50-day moving average price is $41.38 and its 200-day moving average price is $32.25.

GrubHub (NASDAQ:GRUB) last posted its earnings results on Thursday, July 28th. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. The firm had revenue of $120.20 million for the quarter, compared to analysts’ expectations of $114.13 million. The business’s revenue for the quarter was up 36.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 earnings per share. Equities research analysts anticipate that GrubHub will post $0.84 earnings per share for the current fiscal year.

In other GrubHub news, CEO Matthew M. Maloney sold 14,491 shares of the firm’s stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $29.97, for a total transaction of $434,295.27. Following the completion of the transaction, the chief executive officer now owns 1,649 shares of the company’s stock, valued at $49,420.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Benjamin C. Spero sold 1,968,007 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $38.84, for a total transaction of $76,437,391.88. The disclosure for this sale can be found here.

Several institutional investors have recently made changes to their positions in GRUB. JPMorgan Chase & Co. boosted its stake in GrubHub by 8.0% in the second quarter. JPMorgan Chase & Co. now owns 2,288,586 shares of the company’s stock worth $71,106,000 after buying an additional 169,633 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in GrubHub by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 320,356 shares of the company’s stock worth $9,953,000 after buying an additional 13,879 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in GrubHub during the second quarter worth approximately $21,899,000. DIAM Co. Ltd. boosted its stake in GrubHub by 12.9% in the second quarter. DIAM Co. Ltd. now owns 43,976 shares of the company’s stock worth $1,342,000 after buying an additional 5,020 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in GrubHub by 16.2% in the first quarter. TIAA CREF Investment Management LLC now owns 1,558,304 shares of the company’s stock worth $39,160,000 after buying an additional 217,357 shares during the last quarter.

GrubHub Company Profile

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