The stock of GrubHub Inc (NYSE:GRUB) is a huge mover today! The stock decreased 1.66% or $0.69 during the last trading session, hitting $40.84. About 2.31M shares traded hands or 66.19% up from the average. GrubHub Inc (NYSE:GRUB) has risen 72.47% since March 2, 2016 and is uptrending. It has outperformed by 64.21% the S&P500.
The move comes after 5 months negative chart setup for the $3.39B company. It was reported on Oct, 5 by Barchart.com. We have $37.98 PT which if reached, will make NYSE:GRUB worth $237.30 million less.
Analysts await GrubHub Inc (NYSE:GRUB) to report earnings on October, 25. They expect $0.15 EPS, up 36.36% or $0.04 from last year’s $0.11 per share. GRUB’s profit will be $12.45 million for 68.07 P/E if the $0.15 EPS becomes a reality. After $0.19 actual EPS reported by GrubHub Inc for the previous quarter, Wall Street now forecasts -21.05% negative EPS growth.
GrubHub Inc (NYSE:GRUB) Ratings Coverage
Out of 18 analysts covering Grubhub Inc (NYSE:GRUB), 7 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 39% are positive. Grubhub Inc has been the topic of 38 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, June 22 by Mizuho. Pacific Crest initiated the shares of GRUB in a report on Friday, April 8 with “Sector Weight” rating. The rating was downgraded by Barclays Capital to “Overweight” on Wednesday, August 26. Maxim Group initiated the shares of GRUB in a report on Friday, June 3 with “Buy” rating. Maxim Group downgraded the stock to “Hold” rating in Friday, July 29 report. The firm has “Buy” rating given on Wednesday, October 28 by Brean Capital. The company was initiated on Friday, July 8 by Wedbush. The firm has “Equal Weight” rating given on Friday, July 29 by Barclays Capital. The rating was maintained by Wedbush with “Outperform” on Friday, July 29. The stock of GrubHub Inc (NYSE:GRUB) earned “Buy” rating by Mizuho on Thursday, December 3.
According to Zacks Investment Research, “GrubHub Inc. is an online and mobile food ordering company. The Company’s platform assists diners in searching for local restaurant, tracking the order and re-order for convenience. It operates within the United States and the United Kingdom. GrubHub Inc. is based in United States.”
More news for GrubHub Inc (NYSE:GRUB) were recently published by: Seekingalpha.com, which released: “GrubHub: Competition Still Lurks” on October 04, 2016. Investorplace.com‘s article titled: “Why GrubHub Inc (GRUB), Netflix, Inc. (NFLX) and Kite Pharma Inc Are 3 of …” and published on September 27, 2016 is yet another important article.
GRUB Company Profile
Grubhub Inc. (Grubhub), incorporated on May 10, 2013, is a well-known provider of an online and mobile platform for restaurant pick-up and delivery orders. The Firm connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices. The Company’s target market is primarily consists of independent restaurants. In certain markets, the Company also provides delivery services to restaurants on its platform that do not have their own delivery operations. The Firm 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.
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