Deutsche Bank Lowers GrubHub (NYSE:GRUB) Price Target to $40.00

GrubHub (NYSE:GRUB) had its price objective lowered by equities research analysts at Deutsche Bank from $67.00 to $40.00 in a research note issued to investors on Friday, The Fly reports. The firm currently has a “hold” rating on the information services provider’s stock. Deutsche Bank’s price objective would suggest a potential upside of 11.89% from the company’s previous close.

Several other brokerages have also issued reports on GRUB. Exane BNP Paribas assumed coverage on shares of GrubHub in a research report on Tuesday, October 29th. They issued a “neutral” rating for the company. Guggenheim lowered shares of GrubHub from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 29th. Needham & Company LLC reiterated a “hold” rating on shares of GrubHub in a research report on Friday, October 25th. Goldman Sachs Group lowered shares of GrubHub from a “buy” rating to a “neutral” rating and cut their target price for the stock from $86.00 to $30.00 in a research report on Tuesday, October 29th. Finally, Zacks Investment Research lowered shares of GrubHub from a “hold” rating to a “sell” rating and set a $84.00 price target for the company. in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. GrubHub has a consensus rating of “Hold” and a consensus target price of $61.20.

NYSE:GRUB traded up $1.14 during midday trading on Friday, hitting $35.75. The company had a trading volume of 54,289 shares, compared to its average volume of 6,428,580. GrubHub has a 52-week low of $32.11 and a 52-week high of $94.73. The stock’s fifty day moving average price is $51.99 and its 200-day moving average price is $63.78. The company has a market capitalization of $3.26 billion, a PE ratio of 28.99, a P/E/G ratio of 6.71 and a beta of 1.12. The company has a quick ratio of 2.42, a current ratio of 2.34 and a debt-to-equity ratio of 0.40.

GrubHub (NYSE:GRUB) last announced its earnings results on Monday, October 28th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.15. GrubHub had a net margin of 0.32% and a return on equity of 2.89%. The company had revenue of $322.05 million during the quarter, compared to analyst estimates of $329.54 million. During the same period in the previous year, the business earned $0.45 earnings per share. The firm’s quarterly revenue was up 30.3% compared to the same quarter last year. As a group, research analysts forecast that GrubHub will post 0.19 earnings per share for the current year.

In other news, Director Keith Richman bought 3,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was bought at an average cost of $33.31 per share, for a total transaction of $99,930.00. Following the completion of the acquisition, the director now owns 3,284 shares in the company, valued at approximately $109,390.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brandt Walter Kucharski sold 2,030 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $55.13, for a total transaction of $111,913.90. Following the sale, the insider now owns 2,030 shares of the company’s stock, valued at $111,913.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,874 shares of company stock valued at $268,646. 1.88% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Nuveen Asset Management LLC bought a new position in GrubHub in the second quarter worth about $214,636,000. Viking Global Investors LP bought a new stake in shares of GrubHub during the second quarter valued at approximately $98,984,000. Baillie Gifford & Co. increased its position in shares of GrubHub by 9.4% during the second quarter. Baillie Gifford & Co. now owns 10,040,807 shares of the information services provider’s stock valued at $783,082,000 after acquiring an additional 865,569 shares in the last quarter. VGI Partners Ltd bought a new stake in shares of GrubHub during the second quarter valued at approximately $49,895,000. Finally, Pelham Capital Ltd. increased its position in shares of GrubHub by 28.8% during the third quarter. Pelham Capital Ltd. now owns 2,816,607 shares of the information services provider’s stock valued at $158,321,000 after acquiring an additional 630,000 shares in the last quarter.

GrubHub Company Profile

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.

Read More: What is a bull market?

The Fly

Analyst Recommendations for GrubHub (NYSE:GRUB)

Receive News & Ratings for GrubHub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub and related companies with MarketBeat.com's FREE daily email newsletter.