GrubHub (GRUB) Shares are Up 2.6%

GrubHub (GRUB) : Traders are bullish on GrubHub (GRUB) as it has outperformed the S&P 500 by a wide margin of 3.12% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.28%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.6% in the last 1 week, and is up 2.9% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.07% and the fifty day Moving Average is 15.59%. GrubHub Inc. is up 56.27% in the last three month period. Year-to-Date the stock performance stands at 61.24%.

GrubHub (GRUB) : 13 investment research analysts covering GrubHub (GRUB) have an average price target of $38.85 for the near short term. The highest target price given by the Brokerage Firm to the stock is $47 and the lowest target is $25 for the short term. Analysts expect the variance to be within $6.43 of the average price.


GrubHub (NYSE:GRUB): stock turned positive on Friday. Though the stock opened at $38.96, the bulls momentum made the stock top out at $40 level for the day. The stock recorded a low of $38.67 and closed the trading day at $39.02, in the green by 0.57%. The total traded volume for the day was 1,711,638. The stock had closed at $38.8 in the previous days trading.

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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