GrubHub Inc. (GRUB) PT Set at $62.00 by KeyCorp

Remigio Civitarese
Novembre 18, 2017

Wells Fargo & Company restated a "hold" rating and set a $58.00 price target on shares of GrubHub in a research report on Thursday, October 26th. The company presently has a consensus rating of "Buy" and a consensus price target of $58.18. KeyCorp reaffirmed a "buy" rating and set a $62.00 price objective (up from $56.00) on shares of GrubHub in a report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Mizuho maintained GrubHub Inc (NYSE:GRUB) on Wednesday, June 22 with "Buy" rating. The original version of this news story can be read at https://stocknewstimes.com/2017/11/17/insider-selling-grubhub-inc-grub-ceo-sells-84798-00-in-stock.html. (GRUB) traded up $1.52 during mid-day trading on Friday, hitting $64.51. The stock's last price was higher from the average trading price of 50 days recorded at $15.62 while enlarging the period to 200 trading days, the average price was $16.14.

GrubHub Inc. has a beta of 1.54, offering the possibility of a higher rate of return, but also posing more risk. The firm has a market capitalization of $3.79 billion and a price-to-earnings ratio of 66.80. The information services provider reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.04. The company had revenue of $163.10 million during the quarter, compared to the consensus estimate of $159.63 million. After $0.22 actual earnings per share reported by GrubHub Inc for the previous quarter, Wall Street now forecasts 9.09 % EPS growth. The firm's quarterly revenue was up 32.1% on a year-over-year basis. research analysts expect that GrubHub Inc. will post 0.88 EPS for the current fiscal year. Morgan Stanley upgraded the stock to "Overweight" rating in Friday, January 13 report. The stock was sold at an average price of $38.07, for a total transaction of $491,217.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Margo Drucker sold 1,756 shares of the business's stock in a transaction dated Friday, February 3rd. Following the completion of the sale, the chief operating officer now owns 4,671 shares in the company, valued at $253,028.07. Baillie Gifford & Co. raised its stake in GrubHub by 3.1% in the fourth quarter. California Public Employees Retirement System now owns 160,600 shares of the information services provider's stock valued at $8,457,000 after purchasing an additional 2,500 shares in the last quarter. Norges Bank bought a new stake in GrubHub during the fourth quarter valued at about $146,889,000. Janus Henderson Group PLC raised its holdings in shares of GrubHub by 58.3% during the 3rd quarter. Janus Henderson Group PLC now owns 1,048,396 shares of the information services provider's stock worth $55,210,000 after purchasing an additional 386,129 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in GrubHub by 6.7% in the third quarter.

NYSE:GRUB) was up +2.41% ($1.52) to $64.51 and showed a volume of 1.28 mln shares.

Grubhub Inc. provides an online and mobile platform for restaurant pick-up and delivery orders.

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