The GrubHub Inc. (GRUB) Now Covered by Argus

The GrubHub Inc. (GRUB) Now Covered by Argus

Equities researchers at Argus began coverage on shares of GrubHub Inc. (NYSE:GRUB) in a report issued on Wednesday. The brokerage set a “buy” rating on the stock.

A number of other analysts have also recently weighed in on GRUB. Vetr cut shares of GrubHub from a “buy” rating to a “hold” rating and set a $31.52 target price on the stock. in a research note on Monday, June 20th. Mizuho boosted their target price on shares of GrubHub from $28.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, June 22nd. Wedbush initiated coverage on shares of GrubHub in a research note on Friday, July 8th. They set an “outperform” rating and a $40.00 target price on the stock. Maxim Group cut shares of GrubHub from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Finally, Monness Crespi & Hardt cut shares of GrubHub from a “buy” rating to a “neutral” rating in a research note on Friday, July 29th. Thirteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.68.

Shares of GrubHub (NYSE:GRUB) opened at 41.18 on Wednesday. The firm has a market cap of $3.51 billion, a P/E ratio of 85.79 and a beta of 1.87. GrubHub has a 52 week low of $17.77 and a 52 week high of $44.58. The company’s 50-day moving average price is $41.38 and its 200 day moving average price is $32.25.

Several institutional investors have recently made changes to their positions in GRUB. State Street Corp raised its stake in GrubHub by 3.1% in the first quarter. State Street Corp now owns 1,251,105 shares of the company’s stock worth $31,440,000 after buying an additional 37,963 shares in the last quarter. Geode Capital Management LLC raised its stake in GrubHub by 3.6% in the first quarter. Geode Capital Management LLC now owns 511,586 shares of the company’s stock worth $12,856,000 after buying an additional 17,942 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in GrubHub during the first quarter worth $342,000. Barclays PLC raised its stake in GrubHub by 3.2% in the first quarter. Barclays PLC now owns 87,800 shares of the company’s stock worth $2,196,000 after buying an additional 2,752 shares in the last quarter. Finally, Bridger Management LLC acquired a new stake in GrubHub during the first quarter worth $41,602,000.

GrubHub Company Profile

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