JMP Securities Downgrades GrubHub (NYSE:GRUB) to Market Perform

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GrubHub (NYSE:GRUB) was downgraded by research analysts at JMP Securities from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday, October 30th, Marketbeat.com reports.

A number of other equities analysts have also recently issued reports on GRUB. Stifel Nicolaus cut shares of GrubHub from a “buy” rating to a “hold” rating and cut their target price for the stock from $105.00 to $40.00 in a report on Tuesday, October 29th. Oppenheimer cut GrubHub from an “outperform” rating to an “underperform” rating and cut their price target for the company from $91.00 to $34.00 in a report on Tuesday, October 29th. Zacks Investment Research cut GrubHub from a “hold” rating to a “sell” rating and set a $84.00 price target on the stock. in a report on Wednesday, July 31st. DA Davidson set a $100.00 price target on GrubHub and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $100.00 price target (down previously from $122.00) on shares of GrubHub in a report on Monday, October 28th. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. GrubHub presently has a consensus rating of “Hold” and a consensus price target of $61.20.

NYSE GRUB traded up $1.58 during trading hours on Wednesday, reaching $36.19. The company’s stock had a trading volume of 4,543,027 shares, compared to its average volume of 2,958,332. The company has a current ratio of 2.34, a quick ratio of 2.42 and a debt-to-equity ratio of 0.40. The business has a 50-day simple moving average of $51.51 and a 200 day simple moving average of $63.64. GrubHub has a 52 week low of $32.11 and a 52 week high of $91.79. The stock has a market cap of $3.26 billion, a PE ratio of 29.42, a PEG ratio of 6.71 and a beta of 1.12.

GrubHub (NYSE:GRUB) last issued its earnings results on Monday, October 28th. The information services provider reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.15. GrubHub had a net margin of 0.32% and a return on equity of 2.89%. The firm had revenue of $322.05 million for the quarter, compared to analysts’ expectations of $329.54 million. During the same quarter last year, the company posted $0.45 earnings per share. GrubHub’s revenue was up 30.3% on a year-over-year basis. As a group, equities analysts predict that GrubHub will post 0.19 EPS for the current year.

In other GrubHub news, SVP Margo Drucker sold 587 shares of GrubHub stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $60.00, for a total transaction of $35,220.00. Following the completion of the sale, the senior vice president now owns 8,315 shares of the company’s stock, valued at approximately $498,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Samuel Pike Hall sold 704 shares of GrubHub stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $57.58, for a total transaction of $40,536.32. Following the sale, the insider now directly owns 2,695 shares of the company’s stock, valued at approximately $155,178.10. The disclosure for this sale can be found here. Insiders have sold a total of 4,874 shares of company stock valued at $268,646 in the last three months. Company insiders own 1.88% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Elkfork Partners LLC acquired a new stake in shares of GrubHub in the 2nd quarter valued at $26,000. Meadow Creek Investment Management LLC acquired a new stake in shares of GrubHub in the 2nd quarter valued at $33,000. Glen Harbor Capital Management LLC acquired a new stake in shares of GrubHub in the 2nd quarter valued at $40,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of GrubHub in the 2nd quarter valued at $41,000. Finally, Avestar Capital LLC lifted its stake in shares of GrubHub by 44.9% in the 2nd quarter. Avestar Capital LLC now owns 842 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 261 shares during the last quarter.

GrubHub Company Profile

Grubhub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 105,000 local restaurants with diners with diners in various cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, eat24.com, and menupages.com.

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Analyst Recommendations for GrubHub (NYSE:GRUB)

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