Brokerage Firm Rating Update on GrubHub (GRUB)

GrubHub (GRUB) : Zacks Investment Research ranks GrubHub (GRUB) as 2, which is a Buy recommendation. 5 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 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 2.31, which indicates as a Buy.

GrubHub (GRUB) : Average target price received by GrubHub (GRUB) is $39.33 with an expected standard deviation of $6.46. The most aggressive target on the stock is $47, whereas the most downbeat target is $25. 12 financial analysts are currently covering the stock.


For the current week, the company shares have a recommendation consensus of Buy. Also, Jefferies initiates coverage on GrubHub (NYSE:GRUB) The brokerage firm has issued a Hold rating on the shares. The rating by the firm was issued on August 16, 2016.

GrubHub (NYSE:GRUB): stock was range-bound between the intraday low of $41.89 and the intraday high of $42.77 after having opened at $42.66 on Wednesdays session. The stock finally closed in the red at $42.66, a loss of -0.86%. The stock remained in the red for the whole trading day. The total traded volume was 1,526,252 shares. The stock failed to cross $42.77 in Wednesdays trading. The stocks closing price on Thursday was $42.83.

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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