Bank of America Corp. upgraded GrubHub Inc (NYSE:GRUB) to Buy in a report released today.
- Updated: October 13, 2016
Bank of America Corp. has upgraded GrubHub Inc (NYSE:GRUB) to Buy in a report released on 10/13/2016.
Yesterday GrubHub Inc (NYSE:GRUB) traded 1.98% higher at $40.35. The company’s 50-day moving average is $41.30 and its 200-day moving average is $32.18. The last closing price is up 27.87% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 1,315,882 shares of the stock traded hands, down from an average trading volume of 1,805,040
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GrubHub Inc has a 52 week low of $17.77 and a 52 week high of $44.58 with a P/E ratio of 85.73 The company’s market cap is currently $0.
In addition to Bank of America Corp. reporting its stock price target, a total of 17 brokers have issued a research note on the company. The average stock price target is $30.65 with 7 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 7 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About GrubHub Inc (NYSE:GRUB)
Grubhub Inc. (Grubhub) is a provider of an online and mobile platform for restaurant pick-up and delivery orders. The Company 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. Diners can access the platform through www.grubhub.com and www.seamless.com. The Company offers diners access to the network through its mobile applications designed for iPhone, iPad, Android, iWatch and Apple TV devices. The Company provides a corporate program that helps businesses address problems in food ordering and associated billing. In certain markets, the Company also provides delivery services to restaurants on its platform that do not have their own delivery operations. Allmenus.com and MenuPages.com provide an aggregated database of approximately 380,000 menus from restaurants.
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