Deutsche Bank Lowers GrubHub (NYSE:GRUB) Price Target to $40.00

GrubHub (NYSE:GRUB) had its price target dropped by stock analysts at Deutsche Bank from $67.00 to $40.00 in a research note issued on Friday, The Fly reports. The brokerage currently has a “hold” rating on the information services provider’s stock. Deutsche Bank’s price target would indicate a potential upside of 10.53% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of GrubHub in a report on Friday, October 25th. Bank of America cut shares of GrubHub from a “buy” rating to an “underperform” rating in a report on Tuesday, October 29th. Craig Hallum cut shares of GrubHub from a “buy” rating to a “hold” rating and reduced their price target for the company from $100.00 to $40.00 in a report on Tuesday, October 29th. BNP Paribas cut shares of GrubHub from an “outperform” rating to a “neutral” rating in a report on Tuesday, October 29th. Finally, Gordon Haskett cut shares of GrubHub from a “buy” rating to a “hold” rating and set a $45.00 price target for the company. in a report on Tuesday, October 29th. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $61.20.

Shares of GrubHub stock traded up $1.58 on Friday, hitting $36.19. The company had a trading volume of 4,543,027 shares, compared to its average volume of 2,958,332. The firm has a market capitalization of $3.26 billion, a P/E ratio of 29.42, a P/E/G ratio of 6.71 and a beta of 1.12. GrubHub has a twelve month low of $32.11 and a twelve month high of $91.79. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.34 and a quick ratio of 2.42. The stock has a 50-day moving average of $51.51 and a 200-day moving average of $63.64.

GrubHub (NYSE:GRUB) last released its quarterly earnings results on Monday, October 28th. The information services provider reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.15. The company had revenue of $322.05 million during the quarter, compared to analysts’ expectations of $329.54 million. GrubHub had a net margin of 0.32% and a return on equity of 2.89%. The business’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 earnings per share. Equities analysts predict that GrubHub will post 0.19 EPS for the current year.

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In other news, Director Keith Richman purchased 3,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were purchased at an average cost of $33.31 per share, with a total value of $99,930.00. Following the completion of the transaction, the director now owns 3,284 shares of the company’s stock, valued at approximately $109,390.04. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Margo Drucker sold 587 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $60.00, for a total transaction of $35,220.00. Following the sale, the senior vice president now directly owns 8,315 shares in the company, valued at $498,900. The disclosure for this sale can be found here. In the last three months, insiders sold 4,874 shares of company stock worth $268,646. 1.88% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Elkfork Partners LLC bought a new stake in GrubHub during the second quarter worth $26,000. Meadow Creek Investment Management LLC bought a new stake in GrubHub during the second quarter worth $33,000. Glen Harbor Capital Management LLC bought a new stake in GrubHub during the second quarter worth $40,000. Steward Partners Investment Advisory LLC bought a new stake in GrubHub during the second quarter worth $41,000. Finally, Valeo Financial Advisors LLC raised its position in GrubHub by 2,857.1% during the second quarter. Valeo Financial Advisors LLC now owns 621 shares of the information services provider’s stock worth $48,000 after acquiring an additional 600 shares in the last quarter.

GrubHub Company Profile

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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