Trade Report: Today, Stifel Nicolaus Downgrades GrubHub Inc (GRUB) to Hold

Today, Stifel Nicolaus Downgrades GrubHub Inc (GRUB) to Hold

GrubHub Inc (NASDAQ:GRUB) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Tuesday. They presently have a $45.00 price target on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 10.19% from the stock’s previous close.

Several other brokerages also recently issued reports on GRUB. Zacks Investment Research downgraded GrubHub from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. Pacific Crest restated a “sector perform” rating on shares of GrubHub in a report on Tuesday, August 2nd. Mizuho restated a “buy” rating and set a $33.00 price target on shares of GrubHub in a report on Wednesday, July 27th. Citigroup Inc. raised their price target on GrubHub from $30.00 to $44.00 and gave the company a “buy” rating in a report on Friday, July 29th. Finally, Monness Crespi & Hardt upgraded GrubHub from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a report on Monday, June 6th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $39.71.

GrubHub (NASDAQ:GRUB) opened at 40.84 on Tuesday. GrubHub has a one year low of $17.77 and a one year high of $44.58. The company’s 50 day moving average price is $40.88 and its 200-day moving average price is $31.63. The company has a market cap of $3.48 billion and a P/E ratio of 85.08.

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

In related news, CEO Matthew M. Maloney sold 14,491 shares of the business’s stock in a transaction on Monday, September 26th. The stock was sold at an average price of $41.87, for a total transaction of $606,738.17. Following the completion of the transaction, the chief executive officer now owns 1,649 shares in the company, valued at approximately $69,043.63. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Margo Drucker sold 5,271 shares of the business’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $29.88, for a total value of $157,497.48. Following the transaction, the senior vice president now owns 5,771 shares of the company’s stock, valued at approximately $172,437.48. The disclosure for this sale can be found here.

A number of institutional investors have recently bought and sold shares of the stock. 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 during the last quarter. Legal & General Group Plc boosted its position in GrubHub by 1.6% in the second quarter. Legal & General Group Plc now owns 17,845 shares of the company’s stock worth $558,000 after buying an additional 284 shares during the last quarter. ProShare Advisors LLC boosted its position in GrubHub by 7.4% in the second quarter. ProShare Advisors LLC now owns 9,881 shares of the company’s stock worth $307,000 after buying an additional 678 shares during the last quarter. Principal Financial Group Inc. boosted its position in GrubHub by 7.3% in the second quarter. Principal Financial Group Inc. now owns 10,806 shares of the company’s stock worth $336,000 after buying an additional 735 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in GrubHub by 2.2% in the second quarter. UBS Asset Management Americas Inc. now owns 41,374 shares of the company’s stock worth $1,286,000 after buying an additional 894 shares during the last quarter.

GrubHub Company Profile

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