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Boosts Rating On GrubHub Inc. (GRUB)
15 July 2017, 02:45 | Justin Tyler
Despite competition Grubhub still has the best market share in online-ordering
GrubHub Inc. (NYSE:GRUB), stock is trading $47.84 above the 52-week high and has displayed a high EPS growth of 24.80% in last 5 years. The stock was sold at an average price of $46.69, for a total transaction of $1,005,235.70. Its 1.93% appreciation from Wednesday's close has set alarm bells ringing. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The lowest 12-month price target for the shares is $31.00, which would be decrease of about -32% of its current value.
On Monday, June 19th, Adam Dewitt sold 2,000 shares of GrubHub stock. The shares were sold at an average price of $35.00, for a total transaction of $70,000.00. The correct version of this piece can be viewed at https://www.com-unik.info/2017/07/13/somewhat-positive-news-coverage-likely-to-affect-grubhub-grub-stock-price.html. Also, COO Stanley Chia sold 837 shares of GrubHub stock in a transaction on Wednesday, May 3rd. On Thursday, February 2 Knutson Lisa A sold $300,000 worth of E. W. Scripps Co (NYSE:SSP) or 15,000 shares. The stock of GrubHub Inc (NYSE:GRUB) earned "Buy" rating by Mizuho on Thursday, December 3. Over the last week of the month, it was 6.45%, 30.98% over the last quarter, and 23.51% for the past six months. About shares traded. GrubHub Inc (NYSE:GRUB) has risen 94.22% since July 12, 2016 and is uptrending. It is 0.00% or $0 reaching $45.91 per share. GrubHub Inc has a one year low of $29.42 and a one year high of $47.84. It is now trading at $45.91 slightly over $44.08, the stock's 50 day moving average and a tad above the 200 day moving average of $39.04. The P/E Ratio measures its current share price relative to its per-share earnings.
GrubHub (NASDAQ:GRUB) last issued its quarterly earnings data on Thursday, April 27th. The information services provider reported $0.29 EPS for the quarter, topping the Zacks' consensus estimate of $0.19 by $0.10. GrubHub had a net margin of 11.35% and a return on equity of 7.21%. The firm had revenue of $156.10 million for the quarter, compared to analysts' expectations of $152.97 million. The firm's revenue for the quarter was up 39.1% on a year-over-year basis. As of the last earnings report the EPS was $0.66 and is expected to be $1.12 for the current year with 86,203,000 shares now outstanding.
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GrubHub (NASDAQ GRUB) traded up 0.02% during midday trading on Wednesday, hitting $45.92.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caledonia Private Investments Pty Ltd increased its stake in shares of GrubHub by 14.0% in the first quarter. Wellington Management Group LLP now owns 1,915,048 shares of the information services provider's stock valued at $62,986,000 after buying an additional 239,762 shares in the last quarter. Finally, Gotham Asset Management LLC bought a new stake in shares of GrubHub during the first quarter worth $768,000. Global Endowment Management LP now owns 6,520 shares of the information services provider's stock valued at $215,000 after buying an additional 560 shares during the period. Grubhub Inc now has $4.04 billion valuation. In the last 90 days, insiders have sold 267,077 shares of company stock worth $11,781,177. Karp Capital Management Corp purchased a new position in shares of GrubHub during the first quarter valued at approximately $214,000. Its up 13.99% from 16.39 million shares, reported previously.
On October 27 the company was upgraded to "Buy" from "Neutral" in a report issued by Roth Capital. Finally, Pacific Crest reiterated an "overweight" rating and set a $50.00 target price on shares of GrubHub in a report on Wednesday, June 28th. The stock of GrubHub Inc (NYSE:GRUB) has "Outperform" rating given on Friday, April 28 by Wedbush. Morgan Stanley downgraded the shares of GRUB in report on Monday, June 26 to "Equal-Weight" rating. Wells Fargo analysts stated on 15/06/2017 that they launched coverage on this stock with Market Perform rating.