GrubHub (NYSE:GRUB) Receives Outperform Rating from Credit Suisse Group

GrubHub (NYSE:GRUB)‘s stock had its “outperform” rating restated by Credit Suisse Group in a note issued to investors on Monday, January 6th, MarketBeat.com reports. They presently have a $52.00 price objective on the information services provider’s stock, up from their previous price objective of $42.00. Credit Suisse Group’s price target would suggest a potential downside of 7.49% from the stock’s previous close.

Several other equities analysts have also recently commented on GRUB. Guggenheim cut GrubHub from a “buy” rating to a “neutral” rating in a report on Tuesday, October 29th. Exane BNP Paribas initiated coverage on GrubHub in a report on Tuesday, October 29th. They issued a “neutral” rating for the company. Zacks Investment Research cut GrubHub from a “hold” rating to a “sell” rating and set a $47.00 price target for the company. in a report on Tuesday, December 17th. Canaccord Genuity upped their price target on GrubHub from $44.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Craig Hallum cut GrubHub from a “buy” rating to a “hold” rating and dropped their target price for the stock from $100.00 to $40.00 in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $61.60.

Shares of GRUB traded up $0.33 during trading hours on Monday, hitting $56.21. 38,658 shares of the company were exchanged, compared to its average volume of 3,557,883. The firm’s 50 day moving average is $46.73 and its 200-day moving average is $56.14. GrubHub has a 52 week low of $32.11 and a 52 week high of $87.98. The company has a market cap of $5.00 billion, a PE ratio of 45.76 and a beta of 1.24. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.34 and a current ratio of 2.34.

GrubHub (NYSE:GRUB) last announced its earnings results on Monday, October 28th. The information services provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.15. The firm had revenue of $322.05 million during the quarter, compared to the consensus estimate of $329.54 million. GrubHub had a return on equity of 2.89% and a net margin of 0.32%. The firm’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 EPS. As a group, equities analysts forecast that GrubHub will post 0.21 earnings per share for the current fiscal year.

In other GrubHub news, SVP Margo Drucker sold 587 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $60.00, for a total transaction of $35,220.00. Following the completion of the transaction, the senior vice president now directly owns 8,481 shares in the company, valued at $508,860. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Adam Dewitt sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $47.17, for a total transaction of $150,944.00. Following the transaction, the chief financial officer now owns 57,662 shares of the company’s stock, valued at $2,719,916.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,706 shares of company stock worth $421,239. 1.88% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the company. Wells Fargo & Company MN boosted its position in shares of GrubHub by 22.7% during the 2nd quarter. Wells Fargo & Company MN now owns 194,712 shares of the information services provider’s stock worth $15,186,000 after purchasing an additional 35,999 shares in the last quarter. Bank of Montreal Can increased its stake in shares of GrubHub by 239.6% during the 2nd quarter. Bank of Montreal Can now owns 33,517 shares of the information services provider’s stock worth $2,615,000 after purchasing an additional 23,648 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of GrubHub during the 2nd quarter worth approximately $289,000. Oppenheimer Asset Management Inc. increased its stake in shares of GrubHub by 19.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,050 shares of the information services provider’s stock worth $395,000 after purchasing an additional 826 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of GrubHub by 6.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 419,264 shares of the information services provider’s stock worth $32,699,000 after purchasing an additional 26,529 shares during 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.

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Analyst Recommendations for GrubHub (NYSE:GRUB)

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