GrubHub Inc (NASDAQ:GRUB) stock price target increased to $45.00, issued a research note today by Stifel Nicolaus
- Updated: October 3, 2016
Having a price of $42.68, GrubHub Inc (NASDAQ:GRUB) traded -0.72% lower on the day. With the last stock price up 35.80% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. GRUB has recorded a 50-day average of $40.67 and a two hundred day average of $31.43. Trade Volume was down over the average, with 1,110,729 shares of GRUB changing hands under the typical 1,793,870
In a report issued 10/04/2016 Stifel Nicolaus raised the target price of GrubHub Inc (NASDAQ:GRUB) to $45.00 reporting a possible upside of 0.05%.
Recent Performance Chart
GrubHub Inc has PE ratio of 88.92 with a one year low of $17.77 and a one year high of $44.58 and has a market capitalization of $0.
A total of 17 brokerages have issued a ratings update on the stock. 7 firms rating the stock a strong buy, 6 firms rating the stock a buy, 7 firms rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $30.65.
Brief Synopsis On GrubHub Inc (NASDAQ: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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