GrubHub (NYSE:GRUB) Research Coverage Started at Benchmark

Benchmark initiated coverage on shares of GrubHub (NYSE:GRUB) in a research report report published on Friday, BenzingaRatingsTable reports. The firm issued a buy rating and a $95.00 target price on the information services provider’s stock.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of GreenTree Hospitality Group from a sell rating to a hold rating in a research report on Monday, April 15th. Argus lifted their price objective on shares of Apple to $250.00 and gave the company a buy rating in a research note on Thursday, May 2nd. Wedbush reaffirmed an outperform rating and set a $22.00 target price on shares of Turtle Beach in a report on Monday, April 29th. Wells Fargo & Co reissued a buy rating and issued a $157.00 price target on shares of Chubb in a report on Tuesday, April 30th. Finally, BNP Paribas began coverage on shares of GrubHub in a research note on Friday, June 7th. They set an outperform rating and a $84.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $109.58.

Shares of NYSE:GRUB opened at $75.35 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.28. The stock’s fifty day moving average is $72.23. GrubHub has a fifty-two week low of $60.20 and a fifty-two week high of $149.35. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 61.26, a price-to-earnings-growth ratio of 3.69 and a beta of 1.21.

GrubHub (NYSE:GRUB) last released its quarterly earnings data on Thursday, April 25th. The information services provider reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.19. GrubHub had a net margin of 4.97% and a return on equity of 6.14%. The business had revenue of $323.77 million during the quarter, compared to analyst estimates of $322.23 million. During the same quarter last year, the business earned $0.52 earnings per share. GrubHub’s quarterly revenue was up 39.2% compared to the same quarter last year. Equities research analysts anticipate that GrubHub will post 0.81 EPS for the current year.

In other news, insider Samuel Pike Hall sold 2,818 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $75.00, for a total transaction of $211,350.00. Following the transaction, the insider now owns 940 shares of the company’s stock, valued at approximately $70,500. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Adam Dewitt sold 2,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $75.45, for a total transaction of $150,900.00. Following the transaction, the chief financial officer now directly owns 44,044 shares in the company, valued at approximately $3,323,119.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,249 shares of company stock worth $465,387. Corporate insiders own 1.88% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. First Hawaiian Bank purchased a new stake in GrubHub during the first quarter worth about $30,000. YorkBridge Wealth Partners LLC purchased a new stake in GrubHub during the first quarter worth about $35,000. Valeo Financial Advisors LLC increased its stake in GrubHub by 2,857.1% during the second quarter. Valeo Financial Advisors LLC now owns 621 shares of the information services provider’s stock worth $48,000 after purchasing an additional 600 shares during the period. Quadrant Capital Group LLC increased its stake in GrubHub by 118.8% during the first quarter. Quadrant Capital Group LLC now owns 1,212 shares of the information services provider’s stock worth $81,000 after purchasing an additional 658 shares during the period. Finally, Zions Bancorporation N.A. purchased a new stake in GrubHub during the second quarter worth about $164,000.

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 105,000 local restaurants with diners with diners in various cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, eat24.com, and menupages.com.

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Analyst Recommendations for GrubHub (NYSE:GRUB)

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