GrubHub Inc (NYSE:GRUB)’s share price gapped down before the market opened on Monday . The stock had previously closed at $53.42, but opened at $52.38. GrubHub shares last traded at $53.35, with a volume of 114,021 shares traded.
A number of equities analysts have commented on the stock. Barclays upgraded shares of GrubHub from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $27.00 to $51.00 in a research report on Friday, November 15th. BNP Paribas downgraded shares of GrubHub from an “outperform” rating to a “neutral” rating in a research report on Tuesday, October 29th. Craig Hallum downgraded shares of GrubHub from a “buy” rating to a “hold” rating and cut their price objective for the stock from $100.00 to $40.00 in a research report on Tuesday, October 29th. Morgan Stanley restated a “hold” rating and set a $33.00 price objective on shares of GrubHub in a research report on Thursday, January 9th. Finally, Canaccord Genuity upped their price objective on shares of GrubHub from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. GrubHub currently has a consensus rating of “Hold” and a consensus price target of $60.64.
The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 44.46 and a beta of 1.24. The stock’s 50 day moving average price is $46.47 and its two-hundred day moving average price is $56.24.
GrubHub (NYSE:GRUB) last posted its quarterly earnings results on Monday, October 28th. The information services provider reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.15. GrubHub had a net margin of 0.32% and a return on equity of 2.89%. The business had revenue of $322.05 million for the quarter, compared to analysts’ expectations of $329.54 million. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. On average, sell-side analysts forecast that GrubHub Inc will post 0.21 earnings per share for the current fiscal year.
In other news, CFO Adam Dewitt sold 3,200 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $47.17, for a total transaction of $150,944.00. Following the transaction, the chief financial officer now directly owns 57,662 shares of the company’s stock, valued at approximately $2,719,916.54. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Keith Richman purchased 3,000 shares of the stock in a transaction dated Friday, November 1st. The shares were bought at an average cost of $33.31 per share, for a total transaction of $99,930.00. Following the completion of the purchase, the director now owns 3,284 shares in the company, valued at $109,390.04. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 8,706 shares of company stock worth $421,239. Corporate insiders own 1.88% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE grew its stake in GrubHub by 14.6% in the 2nd quarter. US Bancorp DE now owns 2,500 shares of the information services provider’s stock valued at $195,000 after acquiring an additional 319 shares during the last quarter. Wedbush Securities Inc. grew its stake in GrubHub by 10.2% in the 3rd quarter. Wedbush Securities Inc. now owns 3,906 shares of the information services provider’s stock valued at $220,000 after acquiring an additional 360 shares during the last quarter. Meadow Creek Investment Management LLC acquired a new stake in GrubHub in the 2nd quarter valued at about $33,000. Quadrant Capital Group LLC grew its stake in GrubHub by 81.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 993 shares of the information services provider’s stock valued at $53,000 after acquiring an additional 446 shares during the last quarter. Finally, Glen Harbor Capital Management LLC acquired a new stake in GrubHub in the 2nd quarter valued at about $40,000.
About GrubHub (NYSE:GRUB)
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.