GrubHub (NYSE:GRUB) Given New $133.00 Price Target at Credit Suisse Group
GrubHub (NYSE:GRUB) had its price target reduced by Credit Suisse Group from $140.00 to $133.00 in a research note published on Friday, BenzingaRatingsTable reports. Credit Suisse Group currently has an outperform rating on the information services provider’s stock.
Other research analysts have also recently issued reports about the company. Wells Fargo & Co reaffirmed a buy rating and set a $157.00 price objective on shares of Chubb in a research report on Tuesday, April 30th. Argus lifted their price objective on Apple to $250.00 and gave the company a buy rating in a research report on Thursday, May 2nd. Wedbush reaffirmed an outperform rating and set a $22.00 price objective on shares of Turtle Beach in a research report on Monday, April 29th. Gordon Haskett started coverage on GrubHub in a research report on Monday, May 20th. They set a buy rating and a $75.00 price objective on the stock. Finally, Benchmark reaffirmed a buy rating on shares of Harvard Bioscience in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $102.10.
NYSE GRUB traded up $1.65 during trading hours on Friday, hitting $74.64. The company’s stock had a trading volume of 1,494,535 shares, compared to its average volume of 1,431,485. GrubHub has a 12 month low of $60.20 and a 12 month high of $149.35. The stock has a 50 day moving average price of $73.66. The company has a market capitalization of $6.81 billion, a P/E ratio of 60.68, a P/E/G ratio of 3.58 and a beta of 1.21. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.51 and a current ratio of 1.51.
In other GrubHub news, CFO Adam Dewitt sold 2,000 shares of GrubHub stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $75.45, for a total value of $150,900.00. Following the sale, the chief financial officer now owns 44,044 shares of the company’s stock, valued at approximately $3,323,119.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Margo Drucker sold 15,489 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $74.99, for a total value of $1,161,520.11. Following the transaction, the senior vice president now directly owns 12,574 shares in the company, valued at approximately $942,924.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,920 shares of company stock worth $1,415,557. Corporate insiders own 1.88% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clearbridge Investments LLC grew its position in GrubHub by 257.6% in the 1st quarter. Clearbridge Investments LLC now owns 6,028,803 shares of the information services provider’s stock valued at $418,821,000 after acquiring an additional 4,342,673 shares during the last quarter. BlackRock Inc. grew its position in GrubHub by 0.5% in the 1st quarter. BlackRock Inc. now owns 4,529,013 shares of the information services provider’s stock valued at $314,632,000 after acquiring an additional 21,838 shares during the last quarter. Pelham Capital Ltd. grew its position in GrubHub by 16.2% in the 1st quarter. Pelham Capital Ltd. now owns 2,646,607 shares of the information services provider’s stock valued at $183,860,000 after acquiring an additional 369,000 shares during the last quarter. FMR LLC grew its position in GrubHub by 83.4% in the 4th quarter. FMR LLC now owns 1,898,751 shares of the information services provider’s stock valued at $145,843,000 after acquiring an additional 863,674 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in GrubHub by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 840,976 shares of the information services provider’s stock valued at $64,549,000 after acquiring an additional 48,515 shares during the last quarter.
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.
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