BofA Merrill upgraded GrubHub (NYSE:GRUB) from Neutral to Buy in a report released today.
- Updated: October 13, 2016
Yesterday GrubHub (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
BofA Merrill has upgraded GrubHub (NYSE:GRUB) from Neutral to Buy in a report released on Thursday October 13, 2016.
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GrubHub has a price-earnings ratio of 85.73 with a one year low of $17.77 and a one year high of $44.58 GRUB’s total market value is presently $0.
A total of 17 equity analysts have released a ratings update on GRUB. Seven equity analysts rating the company a strong buy, six equity analysts rating the company a buy, seven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $30.65.
Brief Synopsis About GrubHub (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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