GrubHub (GRUB) Shares Down 9.3% After Analyst Downgrade

Shares of GrubHub Inc (NYSE:GRUB) were down 9.3% during mid-day trading on Monday after Roth Capital downgraded the stock from a buy rating to a neutral rating. The company traded as low as $77.75 and last traded at $78.08. Approximately 6,540,733 shares traded hands during mid-day trading, an increase of 103% from the average daily volume of 3,224,801 shares. The stock had previously closed at $86.08.

GRUB has been the subject of a number of other reports. Craig Hallum lowered their price target on GrubHub from $150.00 to $120.00 and set a “buy” rating for the company in a report on Friday. Needham & Company LLC initiated coverage on GrubHub in a report on Tuesday, January 8th. They set a “hold” rating for the company. ValuEngine upgraded GrubHub from a “hold” rating to a “buy” rating in a report on Thursday. Credit Suisse Group upgraded GrubHub from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $125.00 to $130.00 in a report on Monday, January 28th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $85.00 price target (down from $108.00) on shares of GrubHub in a report on Tuesday, November 20th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $119.82.

In related news, CTO Maria Belousova sold 2,752 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $74.72, for a total transaction of $205,629.44. Following the completion of the transaction, the chief technology officer now directly owns 857 shares in the company, valued at approximately $64,035.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 9,801 shares of company stock valued at $773,267 over the last 90 days. 1.59% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in GRUB. Parallel Advisors LLC boosted its stake in shares of GrubHub by 99.1% in the 4th quarter. Parallel Advisors LLC now owns 432 shares of the information services provider’s stock valued at $33,000 after buying an additional 215 shares during the period. LS Investment Advisors LLC purchased a new position in shares of GrubHub in the 4th quarter valued at about $64,000. Csenge Advisory Group purchased a new position in shares of GrubHub in the 3rd quarter valued at about $69,000. Massey Quick Simon & CO. LLC boosted its stake in shares of GrubHub by 20.0% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 1,117 shares of the information services provider’s stock valued at $86,000 after buying an additional 186 shares during the period. Finally, Advisory Services Network LLC boosted its stake in shares of GrubHub by 287.6% in the 3rd quarter. Advisory Services Network LLC now owns 969 shares of the information services provider’s stock valued at $134,000 after buying an additional 719 shares during the period. Institutional investors own 92.63% of the company’s stock.

The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.20. The company has a market cap of $7.81 billion, a PE ratio of 63.48, a PEG ratio of 2.36 and a beta of 1.27.

GrubHub (NYSE:GRUB) last announced its quarterly earnings data on Thursday, February 7th. The information services provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. GrubHub had a return on equity of 8.43% and a net margin of 7.79%. The business had revenue of $287.72 million during the quarter, compared to analysts’ expectations of $290.43 million. During the same quarter last year, the business posted $0.37 EPS. The business’s quarterly revenue was up 40.3% compared to the same quarter last year. Analysts expect that GrubHub Inc will post 1.42 earnings per share for the current year.

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GrubHub Company Profile (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 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.

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