Economy

Analysts See GrubHub Inc. (NYSE:GRUB) Rising 7.2%

Analysts See GrubHub Inc. (NYSE:GRUB) Rising 7.2%”

In related news, COO Stanley Chia sold 645 shares of the business's stock in a transaction that occurred on Tuesday, October 3rd.

Nokota Management Lp, which manages about $1.60B and $3.53B US Long portfolio, decreased its stake in Jd Com Inc (NASDAQ:JD) by 440,000 shares to 385,000 shares, valued at $15.10M in 2017Q2, according to the filing.

GrubHub Inc (NASDAQ:GRUB) opened at 51.98 on Wednesday. The stock decreased 1.72% or $0.9 during the last trading session, reaching $51.44. The rating was maintained by Oddo & Cie on Thursday, September 3 with "Neutral". The company has a 50-day moving average of $37.24 and a 200-day moving average of $36.85. At the time of writing GrubHub Inc. has an ROE of 0.057674. On average, equities research analysts forecast that GrubHub Inc will post $1.09 earnings per share for the current year. This is assuming the current $0.18 EPS is accurate. The company had revenue of $163.10 million during the quarter, compared to analyst estimates of $159.63 million.

According to GrubHub Inc.'s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 129.48%. About shares traded. Alteryx Inc (NYSE:AYX) has 0.00% since October 24, 2016 and is. If you are viewing this article on another website, it was illegally stolen and reposted in violation of United States & worldwide copyright & trademark laws.

This article was originally published by and is the sole property of American Banking News. If you are reading this article on another site, it was stolen and reposted in violation of USA and global trademark and copyright legislation.

GRUB has been the subject of several other reports. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of GrubHub in the 2nd quarter valued at about $29,203,000. Following the completion of the transaction, the insider now owns 11,559 shares of the company's stock, valued at approximately $646,957.23. T. Rowe Price Associates, Inc.is the second biggest holder with 9 million shares now valued at 370.83 million whilst Baillie Gifford & Co Limited. has 8 million shares valued at 365.61 million. Inc. increased its position in GrubHub by 3,273.0% in the third quarter. Companies may issue new shares and buy back their own shares. The value of the investment in (GRUB) went from $226,641,000 to $244,628,000 increasing 7.9% quarter to quarter.

A total of 17 brokerages have released a report on GRUB. Canaccord Genuity reiterated a "buy" rating and set a $50.00 price target (up previously from $47.00) on shares of GrubHub in a report on Friday, August 4th. The stock presently has a consensus rating of "Buy" and a consensus price target of $54.09. Roth Capital initiated coverage on shares of GrubHub in a report on Monday, October 10th. They issued a "neutral" rating and a $44.00 price target on the stock. Finally, Loop Capital reissued a "buy" rating on shares of GrubHub in a report on Thursday, December 15th. Of those analysts, 10 rate stock as a Strong Buy, 6 rate it as Hold, and just no analyst rates it as a Moderate Sell. The stock was sold at an average price of $53.57, for a total value of $34,552.65.

Grubhub Inc. provides an online and mobile platform for restaurant pick-up and delivery orders.

A lot of the Street's focus is on the company's M&A, and CEO Matt Maloney was upbeat on that matter, noting that "with the addition of the Eat24, Foodler and OrderUp restaurants to our network, we can help diners find their ideal local favorites better than ever before".

Grubhub will webcast a conference call today at 9 a.m. CT to discuss the third quarter 2017 financial results.



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