Today, GrubHub Inc. (GRUB) Lifted to “Buy” at Bank of America Corp.

Today, GrubHub Inc. (GRUB) Lifted to “Buy” at Bank of America Corp.

Bank of America Corp. upgraded shares of GrubHub Inc. (NYSE:GRUB) from a neutral rating to a buy rating in a report published on Thursday.

Other analysts have also recently issued reports about the company. Maxim Group cut GrubHub from a buy rating to a hold rating in a research report on Friday, July 29th. Jefferies Group initiated coverage on GrubHub in a research report on Tuesday, August 16th. They set a hold rating for the company. Vetr upgraded GrubHub from a hold rating to a buy rating and set a $30.64 price target for the company in a research report on Monday, June 27th. Stifel Nicolaus boosted their price target on GrubHub from $32.00 to $45.00 and gave the stock a buy rating in a research report on Friday, July 29th. Finally, Wedbush boosted their price target on GrubHub from $40.00 to $47.00 and gave the stock an outperform rating in a research report on Friday, July 29th. Fourteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $33.68.

Shares of GrubHub (NYSE:GRUB) opened at 42.01 on Thursday. GrubHub has a 12 month low of $17.77 and a 12 month high of $44.58. The company has a market capitalization of $3.58 billion, a P/E ratio of 87.52 and a beta of 1.87. The company has a 50-day moving average price of $41.54 and a 200-day moving average price of $32.62.

A number of institutional investors have recently added to or reduced their stakes in GRUB. Bayesian Capital Management LP bought a new position in GrubHub during the first quarter valued at $342,000. Logan Capital Management Inc. increased its position in GrubHub by 42.4% in the first quarter. Logan Capital Management Inc. now owns 16,111 shares of the company’s stock valued at $405,000 after buying an additional 4,800 shares during the last quarter. Barclays PLC increased its position in GrubHub by 3.2% in the first quarter. Barclays PLC now owns 87,800 shares of the company’s stock valued at $2,196,000 after buying an additional 2,752 shares during the last quarter. Geode Capital Management LLC increased its position in GrubHub by 3.6% in the first quarter. Geode Capital Management LLC now owns 511,586 shares of the company’s stock valued at $12,856,000 after buying an additional 17,942 shares during the last quarter. Finally, State Street Corp increased its position in GrubHub by 3.1% in the first quarter. State Street Corp now owns 1,251,105 shares of the company’s stock valued at $31,440,000 after buying an additional 37,963 shares during the last quarter.

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