GrubHub Inc (NASDAQ:GRUB) – Equities research analysts at Wedbush cut their Q2 2017 EPS estimates for shares of GrubHub in a research note issued to investors on Thursday. Wedbush analyst A. Turner now forecasts that the brokerage will earn $0.23 per share for the quarter, down from their prior estimate of $0.26. Wedbush currently has a “Outperform” rating and a $47.00 target price on the stock. Wedbush also issued estimates for GrubHub’s Q3 2017 earnings at $0.24 EPS, Q4 2017 earnings at $0.28 EPS and FY2017 earnings at $1.00 EPS.
A number of other research firms have also recently weighed in on GRUB. Roth Capital initiated coverage on shares of GrubHub in a research report on Monday, October 10th. They issued a “neutral” rating and a $44.00 price objective for the company. Mizuho reissued a “buy” rating and issued a $45.00 price objective on shares of GrubHub in a research report on Friday, November 4th. Zacks Investment Research raised shares of GrubHub from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Monday, October 31st. Credit Suisse Group AG initiated coverage on shares of GrubHub in a research report on Wednesday, January 11th. They issued an “outperform” rating and a $48.00 price objective for the company. Finally, Morgan Stanley raised shares of GrubHub from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $36.00 to $44.00 in a research report on Friday, January 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $42.63.
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In other GrubHub news, CFO Adam Dewitt sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $37.79, for a total value of $188,950.00. Following the sale, the chief financial officer now owns 5,500 shares in the company, valued at $207,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Barbara Martin Coppola sold 11,950 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $38.58, for a total transaction of $461,031.00. Following the completion of the sale, the insider now owns 1,160 shares in the company, valued at approximately $44,752.80. The disclosure for this sale can be found here. Insiders sold 106,006 shares of company stock worth $3,956,208 in the last 90 days.
TRADEMARK VIOLATION NOTICE: “Wedbush Weighs in on GrubHub Inc’s Q2 2017 Earnings (GRUB)” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this report on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this report can be accessed at https://www.com-unik.info/2017/01/24/wedbush-weighs-in-on-grubhub-incs-q2-2017-earnings-grub.html.
Several large investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of GrubHub by 12.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,476 shares of the company’s stock valued at $106,000 after buying an additional 266 shares during the last quarter. Sei Investments Co. purchased a new stake in shares of GrubHub during the second quarter valued at approximately $148,000. Pacad Investment Ltd. bought a new position in GrubHub during the second quarter valued at about $158,000. BlackRock Inc. boosted its position in GrubHub by 39.3% in the second quarter. BlackRock Inc. now owns 6,863 shares of the company’s stock valued at $213,000 after buying an additional 1,936 shares during the period. Finally, Cetera Investment Advisers bought a new position in GrubHub during the third quarter valued at about $219,000.
GrubHub Company Profile
Grubhub Inc (Grubhub) is a provider of an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices.
