GrubHub Inc (GRUB) is Initiated by Maxim Group to Buy, Price Target at $33

GrubHub Inc (GRUB) was Initiated by Maxim Group to “Buy” and the brokerage firm has set the Price Target at $33. Maxim Group advised their investors in a research report released on Jun 3, 2016.

Many Wall Street Analysts have commented on GrubHub Inc. GrubHub Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on May 4, 2016. Shares were Reiterated by Canaccord Genuity on May 4, 2016 to “Buy” and Lowered the Price Target to $ 34 from a previous price target of $35 .Company shares were Reiterated by Mizuho on May 3, 2016 to “Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $26 .

On the company’s financial health, GrubHub Inc reported $0.20 EPS for the quarter, based on the information available during the earnings call on May 3, 2016. Analyst had a consensus estimate of $0.20. The company had revenue of $112.20 million for the quarter, compared to analysts expectations of $111.31 million. The company’s revenue was up 27.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

GrubHub Inc opened for trading at $25.58 and hit $27.17 on the upside on Wednesday, eventually ending the session at $26.22, with a gain of 2.46% or 0.63 points. The heightened volatility saw the trading volume jump to 28,01,506 shares. Company has a market cap of $2,221 M.

In a different news, on May 31, 2016, Benjamin C. Spero (director) sold 500,000 shares at $24.54 per share price. According to the SEC, on May 17, 2016, Matthew M. Maloney (CEO and President) sold 148,953 shares at $25.22 per share price. On May 13, 2016, Margo Drucker (SVP, Secretary, Gen Counsel) sold 6,609 shares at $25.02 per share price, according to the Form-4 filing with the securities and exchange commission.

GrubHub Inc. is an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 30000 local restaurants with diners in more than 800 cities across the United States. The Company’s target market is primarily composed of independent restaurants. The Company provides diners on the platform with a personalized platform that helps them search for local restaurants and then place an order from an Internet-connected device. It also provides diners with information about their orders and status. In addition the Company enables re-ordering by storing previous orders preferences and payment information. The Company’s products include GrubHub and seamless Websites GrubHub and seamless mobile applications and mobile Website seamless corporate program allmenus and menupages orderhub and boost restaurant Websites and delivery.

GrubHub Inc

Leave a Reply

GrubHub Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on GrubHub Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.