GrubHub Inc (GRUB) is Initiated by Wedbush to Outperform, Price Target at $40

GrubHub Inc (GRUB) was Initiated by Wedbush to “Outperform” and the brokerage firm has set the Price Target at $40. Wedbush advised their investors in a research report released on Jul 8, 2016.

Many Wall Street Analysts have commented on GrubHub Inc. Company shares were Reiterated by Mizuho on Jun 22, 2016 to “Buy”, Firm has raised the Price Target to $ 33 from a previous price target of $28 .Monness Crespi & Hardt Upgraded GrubHub Inc on Jun 6, 2016 to ” Buy”, Price Target of the shares are set at $33.Maxim Group Initiated GrubHub Inc on Jun 3, 2016 to “Buy”, Price Target of the shares are set at $33.

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 closed down -0.66 points or -2.14% at $30.11 with 11,68,400 shares getting traded on Tuesday. Post opening the session at $30.9, the shares hit an intraday low of $29.42 and an intraday high of $30.915 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jul 7, 2016, Matthew M. Maloney (CEO and President) sold 14,491 shares at $30.23 per share price. According to the SEC, on Jul 7, 2016, Adam Dewitt (CFO and Treasurer) sold 5,000 shares at $30.28 per share price. On Jun 27, 2016, Margo Drucker (SVP, Secretary, Gen Counsel) sold 6,325 shares at $29.38 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.