GrubHub (GRUB) Raised to Buy at Roth Capital

Roth Capital upgraded shares of GrubHub (NYSE:GRUB) from a neutral rating to a buy rating in a research report report published on Friday morning, Marketbeat.com reports. Roth Capital currently has $95.00 price target on the information services provider’s stock, up from their prior price target of $92.00.

Several other research firms have also recently commented on GRUB. Credit Suisse Group raised their price target on shares of GrubHub from $121.00 to $125.00 and gave the stock a neutral rating in a report on Wednesday, October 24th. Goldman Sachs Group upgraded shares of GrubHub from a buy rating to a conviction-buy rating in a report on Friday, October 26th. Canaccord Genuity set a $140.00 price target on shares of GrubHub and gave the stock a buy rating in a report on Friday, October 26th. DA Davidson upgraded shares of GrubHub from a neutral rating to a buy rating and raised their price target for the stock from $115.00 to $120.00 in a report on Friday, October 26th. They noted that the move was a valuation call. Finally, Stifel Nicolaus upgraded shares of GrubHub from a hold rating to a buy rating and decreased their price target for the stock from $140.00 to $125.00 in a report on Friday, October 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. GrubHub has an average rating of Buy and an average target price of $119.82.

Shares of GRUB opened at $86.08 on Friday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 71.14, a PEG ratio of 2.36 and a beta of 1.27. GrubHub has a one year low of $66.62 and a one year high of $149.35.

GrubHub (NYSE:GRUB) last posted its quarterly earnings results on Thursday, February 7th. The information services provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $287.72 million during the quarter, compared to analysts’ expectations of $290.43 million. GrubHub had a net margin of 7.79% and a return on equity of 8.43%. The firm’s quarterly revenue was up 40.3% compared to the same quarter last year. During the same period last year, the company posted $0.37 earnings per share. As a group, analysts anticipate that GrubHub will post 1.42 earnings per share for the current fiscal year.

In other GrubHub news, CTO Maria Belousova sold 819 shares of GrubHub stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $81.49, for a total value of $66,740.31. Following the completion of the sale, the chief technology officer now directly owns 857 shares in the company, valued at $69,836.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 9,801 shares of company stock valued at $773,267 over the last quarter. Corporate insiders own 1.59% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of GRUB. Advisors Asset Management Inc. lifted its stake in GrubHub by 73.3% in the second quarter. Advisors Asset Management Inc. now owns 29,757 shares of the information services provider’s stock valued at $3,122,000 after acquiring an additional 12,587 shares during the last quarter. FMR LLC lifted its stake 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 acquiring an additional 44,626 shares during the last quarter. United Services Automobile Association lifted its stake in GrubHub by 7.2% in the second quarter. United Services Automobile Association now owns 14,530 shares of the information services provider’s stock valued at $1,524,000 after acquiring an additional 982 shares during the last quarter. Aperio Group LLC lifted its stake in GrubHub by 24.3% in the third quarter. Aperio Group LLC now owns 17,898 shares of the information services provider’s stock valued at $2,481,000 after acquiring an additional 3,495 shares during the last quarter. Finally, Oakbrook Investments LLC acquired a new stake in GrubHub in the third quarter valued at approximately $388,000. Hedge funds and other institutional investors own 92.63% 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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Analyst Recommendations for GrubHub (NYSE:GRUB)

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