GrubHub Inc (NYSE:GRUB) – Investment analysts at Jefferies Group issued their FY2018 earnings per share (EPS) estimates for GrubHub in a note issued to investors on Monday. Jefferies Group analyst G. Thorne forecasts that the information services provider will earn $1.12 per share for the year. Jefferies Group also issued estimates for GrubHub’s FY2020 earnings at $2.18 EPS.
Several other equities analysts have also weighed in on GRUB. Canaccord Genuity increased their price objective on GrubHub from $50.00 to $60.00 and gave the company a “buy” rating in a report on Monday, September 18th. Craig Hallum initiated coverage on GrubHub in a report on Monday, September 25th. They set a “buy” rating and a $70.00 price objective for the company. Pacific Crest reissued an “overweight” rating and set a $62.00 price objective on shares of GrubHub in a report on Monday, September 25th. Wedbush reissued an “outperform” rating and set a $60.00 price objective (down from $63.00) on shares of GrubHub in a report on Tuesday, September 26th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $53.00 price objective on shares of GrubHub in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. GrubHub presently has an average rating of “Buy” and an average target price of $62.61.
Shares of GrubHub (GRUB) traded up $2.39 during midday trading on Thursday, reaching $70.61. The company’s stock had a trading volume of 1,542,947 shares, compared to its average volume of 1,235,086. GrubHub has a 1-year low of $32.43 and a 1-year high of $74.81. The company has a market capitalization of $5,914.30, a price-to-earnings ratio of 103.84, a price-to-earnings-growth ratio of 2.91 and a beta of 1.67.
GrubHub (NYSE:GRUB) last announced its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. GrubHub had a return on equity of 7.45% and a net margin of 9.60%. The business had revenue of $163.10 million during the quarter, compared to analyst estimates of $159.63 million. During the same period in the prior year, the company earned $0.23 earnings per share. GrubHub’s revenue was up 32.1% compared to the same quarter last year.
In related news, CEO Matthew M. Maloney sold 50,000 shares of GrubHub stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $70.96, for a total transaction of $3,548,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew M. Maloney sold 56,250 shares of GrubHub stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $71.09, for a total value of $3,998,812.50. The disclosure for this sale can be found here. Insiders sold 442,393 shares of company stock valued at $28,330,028 over the last ninety days. Corporate insiders own 2.37% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC bought a new stake in GrubHub during the third quarter valued at $105,000. PNC Financial Services Group Inc. boosted its stake in GrubHub by 6.4% during the second quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock valued at $108,000 after buying an additional 148 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in GrubHub by 11.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after buying an additional 285 shares during the period. Asset Dedication LLC bought a new stake in GrubHub during the third quarter valued at $165,000. Finally, BT Investment Management Ltd bought a new stake in GrubHub during the third quarter valued at $195,000.
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GrubHub Company Profile
Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.
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