GrubHub Inc (GRUB) Lowered to Sell at Zacks Investment Research

GrubHub Inc (NASDAQ:GRUB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday, August 8th.

According to Zacks, “GrubHub Inc. is an online and mobile food ordering company. The Company’s platform assists diners in searching for local restaurant, tracking the order and re-order for convenience. It operates within the United States and the United Kingdom. GrubHub Inc. is based in United States. “

GRUB has been the subject of several other research reports. Maxim Group reissued a “hold” rating on shares of GrubHub in a report on Thursday, April 20th. Wedbush reaffirmed an “outperform” rating and set a $47.00 target price on shares of GrubHub in a report on Wednesday, April 19th. Oppenheimer Holdings, Inc. lifted their target price on GrubHub from $42.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Roth Capital reissued a “buy” rating on shares of GrubHub in a report on Monday, May 22nd. Finally, Wells Fargo & Company assumed coverage on GrubHub in a report on Thursday, June 15th. They set a “market perform” rating and a $45.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. GrubHub currently has a consensus rating of “Buy” and an average price target of $48.87.

Shares of GrubHub (GRUB) traded up 0.58% during midday trading on Tuesday, hitting $53.87. 1,087,868 shares of the stock were exchanged. The firm has a market cap of $4.65 billion and a P/E ratio of 79.22. The stock’s 50 day moving average is $48.28 and its 200 day moving average is $41.49. GrubHub has a 12-month low of $32.43 and a 12-month high of $57.26.

GrubHub (NASDAQ:GRUB) last issued its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. GrubHub had a return on equity of 5.84% and a net margin of 9.29%. The business had revenue of $158.79 million for the quarter, compared to analysts’ expectations of $158.13 million. On average, equities research analysts forecast that GrubHub will post $1.10 earnings per share for the current fiscal year.

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In other news, COO Stanley Chia sold 837 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $44.61, for a total transaction of $37,338.57. Following the transaction, the chief operating officer now directly owns 1,215 shares of the company’s stock, valued at $54,201.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew M. Maloney sold 6,250 shares of the stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $44.57, for a total value of $278,562.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 289,592 shares of company stock worth $14,500,728.

Several hedge funds have recently added to or reduced their stakes in GRUB. Caledonia Private Investments Pty Ltd boosted its stake in GrubHub by 3.4% in the second quarter. Caledonia Private Investments Pty Ltd now owns 9,911,910 shares of the information services provider’s stock valued at $432,159,000 after buying an additional 329,401 shares in the last quarter. Baillie Gifford & Co. boosted its position in GrubHub by 1.7% in the second quarter. Baillie Gifford & Co. now owns 8,385,444 shares of the information services provider’s stock valued at $365,605,000 after buying an additional 142,445 shares in the last quarter. Vanguard Group Inc. boosted its position in GrubHub by 3.0% in the second quarter. Vanguard Group Inc. now owns 6,952,748 shares of the information services provider’s stock valued at $303,139,000 after buying an additional 203,802 shares in the last quarter. BlackRock Inc. boosted its position in GrubHub by 4.3% in the second quarter. BlackRock Inc. now owns 5,296,672 shares of the information services provider’s stock valued at $230,935,000 after buying an additional 216,307 shares in the last quarter. Finally, Carmignac Gestion boosted its position in GrubHub by 55.4% in the second quarter. Carmignac Gestion now owns 4,976,545 shares of the information services provider’s stock valued at $216,977,000 after buying an additional 1,773,959 shares in the last quarter.

About GrubHub

Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.

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