GrubHub Inc (NASDAQ:GRUB) target price raised to $44.00, issued a report today by Roth Capital
- Updated: October 10, 2016
GrubHub Inc (NASDAQ:GRUB) had its target price raised to $44.00 by Roth Capital in a report released 10/10/2016. The new target price indicates a possible upside of 0.08% based on the company's last stock close price.
Previously on 10/04/2016, Stifel Nicolaus reported about GrubHub Inc (NASDAQ:GRUB) raised the target price from $0.00 to $45.00. At the time, this indicated a possible upside of 0.05%.
Yesterday GrubHub Inc (NASDAQ:GRUB) traded 0.69% higher at $40.84. GRUB’s 50-day average is $41.10 and its two hundred day average is $31.81. With the last stock price close up 28.39% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. 1,453,183 shares of GRUB traded hands, down from an average trading volume of 1,817,160
Recent Performance Chart
GrubHub Inc has 52 week low of $17.77 and a 52 week high of $44.58 with a PE ratio of 85.08 and has a market capitalization of $0.
In addition to Roth Capital reporting its stock price target, a total of 17 brokerages have issued a ratings update on the company. The average stock price target is $30.65 with 7 brokerages rating the stock a strong buy, 6 brokerages rating the stock a buy, 7 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
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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