Zacks Investment Research downgraded GrubHub Inc (NASDAQ:GRUB) to Hold in a report released today.
- Updated: September 28, 2016
Zacks Investment Research has downgraded GrubHub Inc (NASDAQ:GRUB) to Hold in a report released on 9/28/2016.
Previously on 08/16/2016, Jefferies Group reported about GrubHub Inc (NASDAQ:GRUB) raised the target price from $0.00 to $43.00. At the time, this indicated a possible upside of 0.14%.
Yesterday GrubHub Inc (NASDAQ:GRUB) traded 0.27% higher at $43.93. The company’s 50-day moving average is $40.33 and its 200-day moving average is $30.97. The last stock close price is up 41.73% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 905,557 shares of the stock were exchanged, down from an average trading volume of 1,809,150
See Chart Below
GrubHub Inc has a 52 week low of $17.77 and a 52 week high of $44.39 with a P/E ratio of 91.44 GrubHub Inc’s market capitalization is currently $0.
In addition to Zacks Investment Research 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.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.