Today: The GrubHub Inc (GRUB) Now Covered by Roth Capital

The GrubHub Inc (GRUB) Now Covered by Roth Capital

Roth Capital initiated coverage on shares of GrubHub Inc (NASDAQ:GRUB) in a research note published on Monday morning. The firm issued a neutral rating and a $44.00 target price on the stock.

Several other equities analysts have also recently weighed in on the company. Citigroup Inc. restated a buy rating on shares of GrubHub in a research note on Wednesday, June 29th. Mizuho restated a buy rating and set a $33.00 price objective on shares of GrubHub in a research note on Wednesday, July 27th. Wedbush restated an outperform rating and set a $47.00 price objective on shares of GrubHub in a research note on Monday, August 15th. Canaccord Genuity reiterated a buy rating and set a $42.00 target price (up from $34.00) on shares of GrubHub in a research note on Sunday, July 31st. Finally, Bank of America Corp. cut GrubHub from a buy rating to a neutral rating and set a $40.00 target price on the stock. in a research note on Friday, July 29th. They noted that the move was a valuation call. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. GrubHub currently has an average rating of Hold and an average target price of $41.13.

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

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

In other GrubHub news, CEO Matthew M. Maloney sold 700 shares of GrubHub stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $40.00, for a total transaction of $28,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Adam Dewitt sold 5,000 shares of GrubHub stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $40.77, for a total value of $203,850.00. Following the transaction, the chief financial officer now directly owns 5,500 shares of the company’s stock, valued at approximately $224,235. The disclosure for this sale can be found here.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position 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 raised its position 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. bought a new position in GrubHub during the second quarter worth $21,899,000. DIAM Co. Ltd. raised its position 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 raised its position 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.

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