Credit Suisse Group Reaffirms “Hold” Rating for GrubHub (NYSE:GRUB)

GrubHub (NYSE:GRUB)‘s stock had its “hold” rating reissued by investment analysts at Credit Suisse Group in a report issued on Friday, AnalystRatings.com reports. They currently have a $75.00 target price on the information services provider’s stock. Credit Suisse Group’s target price would suggest a potential upside of 3.82% from the company’s previous close.

A number of other equities analysts also recently commented on GRUB. Piper Sandler began coverage on shares of GrubHub in a research note on Monday, July 27th. They issued a “neutral” rating and a $75.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of GrubHub from $47.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. KeyCorp reaffirmed a “hold” rating on shares of GrubHub in a research report on Thursday, June 11th. Morgan Stanley upped their price target on GrubHub from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 14th. Finally, Canaccord Genuity downgraded GrubHub from a “buy” rating to a “hold” rating and upped their price target for the stock from $65.00 to $70.00 in a research report on Thursday, June 25th. Four research analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and three have given a buy rating to the company. GrubHub presently has an average rating of “Hold” and an average price target of $53.57.

Shares of NYSE GRUB traded up $2.04 during trading hours on Friday, reaching $72.24. The stock had a trading volume of 1,814,460 shares, compared to its average volume of 1,624,228. The company has a current ratio of 1.59, a quick ratio of 2.52 and a debt-to-equity ratio of 0.42. The firm has a market cap of $6.63 billion, a price-to-earnings ratio of -63.37 and a beta of 1.24. The business’s fifty day moving average price is $68.25 and its two-hundred day moving average price is $53.98. GrubHub has a 52-week low of $29.35 and a 52-week high of $73.43.

GrubHub (NYSE:GRUB) last announced its quarterly earnings results on Thursday, July 30th. The information services provider reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.24. The firm had revenue of $459.28 million during the quarter, compared to analyst estimates of $398.16 million. GrubHub had a negative return on equity of 3.66% and a negative net margin of 7.10%. Equities research analysts anticipate that GrubHub will post -1.28 earnings per share for the current fiscal year.

In other news, CEO Matthew M. Maloney sold 18,000 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $66.00, for a total transaction of $1,188,000.00. Following the sale, the chief executive officer now directly owns 47,285 shares of the company’s stock, valued at approximately $3,120,810. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Adam Dewitt sold 1,200 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $44.59, for a total transaction of $53,508.00. Following the sale, the chief financial officer now directly owns 55,574 shares in the company, valued at $2,478,044.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,659 shares of company stock worth $2,649,541. 1.88% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC increased its position in shares of GrubHub by 186.5% in the first quarter. Parallel Advisors LLC now owns 616 shares of the information services provider’s stock worth $25,000 after acquiring an additional 401 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of GrubHub in the 1st quarter worth about $25,000. Exchange Traded Concepts LLC acquired a new stake in shares of GrubHub in the 2nd quarter worth about $59,000. First PREMIER Bank acquired a new stake in shares of GrubHub in the 1st quarter worth about $41,000. Finally, Truvestments Capital LLC acquired a new stake in shares of GrubHub in the 1st quarter worth about $41,000.

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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