GrubHub Inc (NASDAQ:GRUB) Stake Boosted by American International Group Inc

GrubHub Inc (NASDAQ:GRUB) Stake Boosted by American International Group Inc”

Zacks Investment Research downgraded GrubHub from a "buy" rating to a "hold" rating in a report on Wednesday, June 28th. Cowen and Company now has $54.00 price objective on the information services provider's stock.

Grubhub Inc (NYSE:GRUB) now has a trailing P/E of 68.24 while its forward P/E according to Thomson Reuters is 32.4. Zacks Investment Research cut GrubHub from a "buy" rating to a "hold" rating in a research note on Wednesday, June 28th.

On June 26 the company was set at "Equal-Weight" in a report from Morgan Stanley which is down from the previous "Equal-weight" rating. They set a "market perform" rating and a $45.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company.

On October 13 the stock rating was upgraded to "Buy" from "Neutral" and a price target of $46.00 was set by analysts at Bank of America.

GrubHub Inc. (NYSE:GRUB) ended its day at $45.04 with the rising stream of 3.42% and its total traded volume was 4.22 million shares more than the average volume. GrubHub Inc (NYSE:GRUB) has risen 94.22% since July 12, 2016 and is uptrending. The company has market cap of $4.02 billion.

The stock is now moving with a Positive distance from 200-Day Simple Moving Average of about 14.78% and has a pretty decent Year to Date (YTD) Performance of 19.72% which means the stock is constantly adding to its value from previous fiscal year end price.

GrubHub (NASDAQ:GRUB) last issued its quarterly earnings data on Thursday, April 27th. The expected GRUB's profit could reach $17.22 million giving the stock 54.44 P/E in the case that $0.20 earnings per share is reported. Credit Suisse initiated GrubHub Inc (NYSE:GRUB) on Wednesday, January 11 with "Outperform" rating. The firm had revenue of $156.10 million for the quarter, compared to analysts' expectations of $152.97 million. During the same quarter past year, the firm earned $0.20 EPS. The company's revenue was up 39.1% on a year-over-year basis. Analysts anticipate that GrubHub Inc will post $1.12 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: "GrubHub Inc (NASDAQ:GRUB) Upgraded by Cowen and Company to Outperform" was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another website, it was copied illegally and reposted in violation of United States and worldwide copyright and trademark laws. The legal version of this piece can be read at The shares were sold at an average price of $35.00, for a total transaction of $70,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Stanley Chia sold 1,202 shares of the business's stock in a transaction on Thursday, April 27th. The disclosure for this sale can be found here. The stock ended last trade at $16.62 a share and the price is up more than -51.80% so far this year.

Hedge funds have recently added to or reduced their stakes in the stock. Juncture Wealth Strategies LLC bought a new stake in shares of GrubHub during the first quarter valued at $234,000. Vanguard Group Inc. now owns 6,748,946 shares of the information services provider's stock worth $221,973,000 after buying an additional 281,024 shares in the last quarter. Following the completion of the sale, the chief operating officer now directly owns 1,215 shares of the company's stock, valued at $52,901.10. Global Endowment Management LP boosted its position in shares of GrubHub by 9.4% in the first quarter. Finally, Teza Capital Management LLC bought a new position in GrubHub during the first quarter valued at approximately $257,000. Finally, Stifel Financial Corp acquired a new stake in shares of GrubHub during the first quarter valued at approximately $252,000.

Price/Earnings to growth ratio for the company is 1.8 and the stock shows its Price/Sales (ttm) of 7.23 and Price/Book for the most recent quarter of 3.88. Prudential Financial Inc. raised its position in GrubHub by 22.5% in the first quarter.

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