Jefferies Financial Group Weighs in on GrubHub Inc’s FY2018 Earnings (GRUB)

GrubHub Inc (NYSE:GRUB) – Equities researchers at Jefferies Financial Group issued their FY2018 EPS estimates for shares of GrubHub in a research note issued on Tuesday, November 20th. Jefferies Financial Group analyst B. Thill forecasts that the information services provider will post earnings of $1.27 per share for the year. Jefferies Financial Group has a “Hold” rating and a $85.00 price objective on the stock. Jefferies Financial Group also issued estimates for GrubHub’s Q4 2018 earnings at $0.14 EPS, Q1 2019 earnings at $0.33 EPS, Q2 2019 earnings at $0.40 EPS, Q3 2019 earnings at $0.37 EPS, Q4 2019 earnings at $0.40 EPS, FY2019 earnings at $1.50 EPS and FY2020 earnings at $2.31 EPS.

GrubHub (NYSE:GRUB) last released its quarterly earnings results on Thursday, October 25th. The information services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.14. GrubHub had a net margin of 14.83% and a return on equity of 10.64%. The company had revenue of $247.23 million for the quarter, compared to analysts’ expectations of $238.19 million.

Several other research firms have also recently issued reports on GRUB. Barclays reaffirmed a “sell” rating and set a $110.00 price target on shares of GrubHub in a research note on Friday, July 27th. Argus decreased their price target on shares of GrubHub from $170.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Zacks Investment Research cut shares of GrubHub from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Guggenheim reaffirmed a “buy” rating and set a $165.00 price target on shares of GrubHub in a research note on Friday, July 27th. Finally, TheStreet cut shares of GrubHub from a “b” rating to a “c+” rating in a research note on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $129.95.

GrubHub stock opened at $78.98 on Thursday. GrubHub has a 12-month low of $65.14 and a 12-month high of $149.35. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of 80.59, a PEG ratio of 2.44 and a beta of 1.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.31 and a current ratio of 2.31.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Lansdowne Partners UK LLP raised its holdings in GrubHub by 15.3% in the third quarter. Lansdowne Partners UK LLP now owns 2,345,631 shares of the information services provider’s stock valued at $325,153,000 after buying an additional 310,959 shares during the period. TIAA CREF Investment Management LLC raised its holdings in GrubHub by 23.7% in the third quarter. TIAA CREF Investment Management LLC now owns 2,102,310 shares of the information services provider’s stock valued at $291,422,000 after buying an additional 402,466 shares during the period. First Trust Advisors LP raised its holdings in GrubHub by 7.9% in the third quarter. First Trust Advisors LP now owns 1,934,683 shares of the information services provider’s stock valued at $268,186,000 after buying an additional 141,266 shares during the period. FMR LLC raised its holdings in GrubHub by 3.4% in the second quarter. FMR LLC now owns 1,361,927 shares of the information services provider’s stock valued at $142,880,000 after buying an additional 44,626 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in GrubHub by 1.2% in the third quarter. Janus Henderson Group PLC now owns 536,775 shares of the information services provider’s stock valued at $74,408,000 after buying an additional 6,157 shares during the period. Hedge funds and other institutional investors own 95.08% of the company’s stock.

In related news, CTO Maria Belousova sold 2,752 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $92.25, for a total value of $253,872.00. Following the transaction, the chief technology officer now owns 857 shares in the company, valued at $79,058.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Adam Dewitt sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $144.27, for a total transaction of $577,080.00. Following the completion of the transaction, the chief financial officer now owns 18,486 shares in the company, valued at approximately $2,666,975.22. The disclosure for this sale can be found here. Insiders sold 58,437 shares of company stock worth $7,752,921 over the last three months. Corporate insiders own 2.37% of the company’s stock.

About GrubHub

GrubHub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.

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Earnings History and Estimates for GrubHub (NYSE:GRUB)

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