The stock of GrubHub Inc (NYSE:GRUB) is a huge mover today! About 304,165 shares traded hands. GrubHub Inc (NYSE:GRUB) has risen 57.88% since March 9, 2016 and is uptrending. It has outperformed by 50.47% the S&P500.
The move comes after 5 months positive chart setup for the $3.33B company. It was reported on Oct, 12 by Barchart.com. We have $48.69 PT which if reached, will make NYSE:GRUB worth $699.30 million more.
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 $12.41 million for 67.07 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. Cowen & Co downgraded the stock to “Market Perform” rating in Monday, July 27 report. The stock of GrubHub Inc (NYSE:GRUB) has “Buy” rating given on Friday, July 29 by Stifel Nicolaus. The rating was maintained by Canaccord Genuity on Friday, July 29 with “Buy”. Mizuho initiated GrubHub Inc (NYSE:GRUB) rating on Thursday, December 3. Mizuho has “Buy” rating and $31 price target. The stock has “Buy” rating given by Mizuho on Friday, July 29. The firm earned “Outperform” rating on Wednesday, October 28 by Oppenheimer. The firm earned “Sector Perform” rating on Friday, February 5 by RBC Capital Markets. The firm has “Buy” rating given on Monday, June 6 by Monness Crespi & Hardt. Barclays Capital downgraded GrubHub Inc (NYSE:GRUB) rating on Wednesday, August 26. Barclays Capital has “Overweight” rating and $32 price target. The rating was initiated by Susquehanna with “Positive” on Monday, August 10.
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 important recent GrubHub Inc (NYSE:GRUB) news were published by: Streetinsider.com which released: “Argus Starts GrubHub Inc. (GRUB) at Buy” on October 12, 2016, also Bloomberg.com published article titled: “Square Said to Have Discussed Caviar Sale With Uber, GrubHub”, Investorplace.com published: “Why GrubHub Inc (GRUB), Netflix, Inc. (NFLX) and Kite Pharma Inc Are 3 of …” on September 27, 2016. More interesting news about GrubHub Inc (NYSE:GRUB) was released by: Streetinsider.com and their article: “UPDATE: Stifel Downgrades GrubHub Inc. (GRUB) to Hold” with publication date: October 04, 2016.
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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