GrubHub (NYSE:GRUB) Rating Reiterated by Credit Suisse Group

GrubHub (NYSE:GRUB)‘s stock had its “hold” rating reissued by research analysts at Credit Suisse Group in a research note issued to investors on Friday, AnalystRatings.com reports. They presently have a $75.00 target price on the information services provider’s stock. Credit Suisse Group’s target price points to a potential upside of 3.82% from the stock’s current price.

Several other equities analysts have also commented on GRUB. Benchmark lowered shares of GrubHub from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. ValuEngine lowered shares of GrubHub from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 1st. Barclays lowered shares of GrubHub from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $79.00 to $65.00 in a research report on Thursday, June 11th. Craig Hallum increased their price objective on shares of GrubHub from $45.00 to $65.00 and gave the stock a “hold” rating in a research report on Thursday, June 11th. Finally, BNP Paribas lowered shares of GrubHub from a “neutral” rating to an “underperform” rating and set a $30.00 price objective for the company. in a research report on Monday, April 27th. Four investment analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and three have issued a buy rating to the stock. GrubHub has a consensus rating of “Hold” and an average price target of $53.57.

GRUB stock traded up $2.04 on Friday, hitting $72.24. 1,814,460 shares of the company were exchanged, compared to its average volume of 1,624,228. GrubHub has a twelve month low of $29.35 and a twelve month high of $73.43. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.59 and a quick ratio of 2.52. The business’s fifty day moving average is $68.25 and its two-hundred day moving average is $53.98. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of -63.37 and a beta of 1.24.

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

In other GrubHub news, CEO Matthew M. Maloney sold 1,000 shares of GrubHub stock in a transaction that occurred on Friday, July 17th. The stock was sold at an average price of $69.60, for a total value of $69,600.00. Following the completion of the sale, the chief executive officer now directly owns 48,208 shares in the company, valued at $3,355,276.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Adam Dewitt sold 10,000 shares of GrubHub stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $60.00, for a total value of $600,000.00. Following the completion of the sale, the chief financial officer now owns 69,266 shares of the company’s stock, valued at $4,155,960. The disclosure for this sale can be found here. Insiders have sold 41,659 shares of company stock worth $2,649,541 over the last three months. Insiders own 1.88% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Korea Investment CORP purchased a new stake in GrubHub during the 1st quarter valued at about $929,000. Squarepoint Ops LLC raised its position in shares of GrubHub by 345.7% in the 1st quarter. Squarepoint Ops LLC now owns 48,825 shares of the information services provider’s stock worth $1,989,000 after acquiring an additional 37,870 shares in the last quarter. Thrivent Financial for Lutherans increased its position in GrubHub by 153.2% during the 1st quarter. Thrivent Financial for Lutherans now owns 60,499 shares of the information services provider’s stock valued at $2,465,000 after buying an additional 36,604 shares in the last quarter. Janus Henderson Group PLC increased its position in GrubHub by 172.0% during the 1st quarter. Janus Henderson Group PLC now owns 41,609 shares of the information services provider’s stock valued at $1,694,000 after buying an additional 26,311 shares in the last quarter. Finally, State Street Corp increased its position in GrubHub by 3.9% during the 1st quarter. State Street Corp now owns 2,994,532 shares of the information services provider’s stock valued at $121,967,000 after buying an additional 113,431 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.

Recommended Story: Arbitrage

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.