GrubHub (NYSE:GRUB) has an average broker rating of 1.76, which is interpreted as a Buy, as rated by 17 equity analysts. Nonetheless, 10 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
GrubHub (NYSE:GRUB) : The consensus price target for GrubHub (NYSE:GRUB) is $30.69 for the short term with a standard deviation of $4.19. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $37, however, the pessimist price target for the company is $22.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Monness Crespi Hardt upgrades the rating on GrubHub (NYSE:GRUB). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 6, 2016.
GrubHub (NYSE:GRUB): stock turned positive on Tuesday. Though the stock opened at $29, the bulls momentum made the stock top out at $29.31 level for the day. The stock recorded a low of $28.65 and closed the trading day at $28.73, in the green by 0.38%. The total traded volume for the day was 1,790,968. The stock had closed at $28.62 in the previous days trading.
In an insider trading activity, Dewitt Adam, officer (CFO and Treasurer) of Grubhub Inc., unloaded 46,000 shares at an average price of $30.04 on June 17, 2016. The total amount of the transaction was worth $1,381,840, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.