GrubHub (GRUB) : Analyst Rating Update

GrubHub (GRUB) : Zacks Investment Research ranks GrubHub (GRUB) as 3, which is a Hold recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 1.81, which indicates as a Buy.

GrubHub (GRUB) : The most positive equity analysts on GrubHub (GRUB) expects the shares to touch $37, whereas, the least positive believes that the stock will trade at $22 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $30.69 with an expected fluctuation of $4.19 from the mean.

GrubHub (NYSE:GRUB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.34 and $30.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.84, notching a gain of 2.42% for the day. The total traded volume was 1,644,975 . The stock had closed at $30.11 on the previous day.

Also, In a research note released to the investors, Monness Crespi Hardt upgrades its rating on GrubHub (NYSE:GRUB).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 6, 2016. The company shares have dropped -4.17% from its 1 Year high price. On Jul 28, 2015, the shares registered one year high at $36.31 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $27.57 and the 200 Day Moving Average price is recorded at $24.36.

GrubHub Inc. is an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 30,000 local restaurants with diners in more than 800 cities across the United States. The Companys 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 Companys 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.

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