Boosts Rating On GrubHub Inc. (GRUB)

Geronimo Vena
Luglio 14, 2017

In other GrubHub news, CFO Adam Dewitt sold 2,000 shares of the company's stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $43.68, for a total transaction of $36,560.16. Following the sale, the senior vice president now owns 1,291 shares of the company's stock, valued at $56,623.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

GrubHub Inc (NASDAQ:GRUB) has been given a consensus recommendation of "Buy" by the twenty-six brokerages that are presently covering the company, MarketBeat.com reports. The company has a 50 day moving average of $44.08 and a 200 day moving average of $39.04. Oppenheimer maintained GrubHub Inc (NYSE:GRUB) rating on Wednesday, July 29. The stock has a market capitalization of $3.94 billion and a P/E ratio of 69.30.

GrubHub (NASDAQ:GRUB) last issued its quarterly earnings results on Thursday, April 27th. It also provides diners with information about their orders and status. GrubHub had a net margin of 11.35% and a return on equity of 7.21%. The company had revenue of $156.10 million for the quarter, compared to analysts' expectations of $152.97 million. During the same period in the previous year, the firm posted $0.20 earnings per share. The firm's revenue for the quarter was up 39.1% compared to the same quarter a year ago. They expect $0.20 EPS, up 5.26% or $0.01 from last year's $0.19 per share.

Hedge funds have recently added to or reduced their stakes in the stock. Karp Capital Management Corp bought a new stake in shares of GrubHub during the first quarter valued at $214,000. Caledonia Private Investments Pty Ltd now owns 9,582,509 shares of the information services provider's stock valued at $315,169,000 after buying an additional 1,174,124 shares in the last quarter. Vanguard Group Inc. now owns 6,748,946 shares of the information services provider's stock worth $221,973,000 after buying an additional 281,024 shares in the last quarter. The Caledonia Private Investments Pty Ltd holds 8.41 million shares with $316.32 million value, up from 7.53 million last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of GrubHub by 14.3% in the first quarter. Grubhub Inc had 60 analyst reports since July 27, 2015 according to SRatingsIntel. Zacks Investment Research downgraded GrubHub from a "buy" rating to a "hold" rating in a research report on Wednesday, June 28th. Morgan Stanley downgraded the shares of GRUB in report on Monday, June 26 to "Equal-Weight" rating. On October 27 the company was upgraded to "Buy" from "Neutral" in a report from Roth Capital.

On November 14 the stock rating was upgraded to "Buy" from "Hold" with a current price target of $46.00 in an announcement from Stifel Nicolaus. The shares were sold at an average price of $43.86, for a total value of $46,228.44.

ILLEGAL ACTIVITY WARNING: This piece was first reported by Stock Observer and is the sole property of of Stock Observer. Also, COO Stanley Chia sold 1,202 shares of the business's stock in a transaction on Thursday, April 27th. If you are accessing this report on another website, it was stolen and reposted in violation of US and global trademark & copyright legislation. The disclosure for this sale can be found here. 1,153,120 shares of the stock were exchanged. In the last three months, insiders sold 267,077 shares of company stock worth $11,781,177. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/07/12/grubhub-inc-nasdaqgrub-upgraded-by-cowen-and-company-to-outperform.html.

Grubhub's first-mover advantage means that as the popularity of ordering delivery online really picks up steam over the next half-decade, it's poised to scoop up new customers at a faster rate than competitors.

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