Cowen and Company reissued an "outperform" rating and issued a $65.00 target price (up previously from $54.00) on shares of GrubHub in a report on Thursday, September 14th.
The stock of GrubHub Inc (NYSE:GRUB) hit a new 52-week high and has $68.72 target or 7.00 % above today's $64.22 share price. Zacks Investment Research lowered GrubHub from a "buy" rating to a "hold" rating in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Bank of America maintained it with "Buy" rating and $64 target in Tuesday, September 5 report.
More news for GrubHub Inc (NYSE:GRUB) were recently published by: Seekingalpha.com, which released: "GrubHub: $70 Seems Reasonable" on October 28, 2017. 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 has a 12 month low of $21.41 and a 12 month high of $45.09. GrubHub Inc (NYSE:GRUB) has risen 94.22% since November 17, 2016 and is uptrending. The information services provider reported $0.29 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.19 by $0.10. Revenue during the quarter was $163.06 million, representing 32% growth from $123.46 million in year-ago quarter. In the last earnings report the EPS was $0.68 with 86.69M shares outstanding. The company's revenue for the quarter was up 39.1% compared to the same quarter previous year. 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. The shares were sold at an average price of $63.00, for a total transaction of $84,798.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Margo Drucker sold 1,756 shares of the business's stock in a transaction dated Friday, February 3rd. The total value of its holdings increased 22.3%. Alliancebernstein L.P. owns 2,297,754 shares valued at $121,000,000. California Public Employees Retirement System now owns 160,600 shares of the information services provider's stock valued at $8,457,000 after buying an additional 2,500 shares during the period. Highbridge Capital Management LLC bought a new position in shares of GrubHub during the 3rd quarter valued at $230,000. BlackRock Fund Advisors raised its stake in GrubHub by 10.2% in the third 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 in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in GrubHub by 6.7% in the third quarter. First Mercantile Trust Co now holds 2,390 shares worth $126,000. Finally, State Street Corp raised its position in GrubHub by 1.1% in the fourth quarter. Short interest grew 1,710,142 over that timeframe.
Grubhub Inc. provides an online and mobile platform for restaurant pick-up and delivery orders.