Zacks Investment Research downgraded GrubHub Inc (NASDAQ:GRUB) to Hold in a statement released earlier today.
- Updated: April 20, 2017
Displaying a price of $34.72, GrubHub Inc (NASDAQ:GRUB) traded 0.14% higher on the day. The last stock close price is down -7.20% from the 200-day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. GrubHub Inc has recorded a 50-day average of $34.02 and a two hundred day average of $37.41. Volume of trade was down over the average, with 1,912,237 shares of GRUB changing hands under the typical 2,141,500
Zacks Investment Research has downgraded GrubHub Inc (NASDAQ:GRUB) to Hold in a statement released on 4/20/2017.
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GrubHub Inc has a 52 week low of $21.41 and a 52 week high of $44.58 with a P/E ratio of 59.86 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 17 firms have reported on the stock. The consensus target price is $30.65 with 7 firms rating the stock a strong buy, 6 firms rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About GrubHub Inc (NASDAQ:GRUB)
Grubhub Inc. provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites. As of December 31, 2016, the Company connected more than 50,000 local restaurants with diners in more than 1,100 cities across the United States. In certain markets, the Company also provides delivery services to restaurants on its platform that do not have their own delivery operations. The Company provides diners on the platform with a personalized platform that helps them search for local restaurants and then place an order from an Internet-connected device. It also provides diners with information about their orders and status. The Company also provides delivery services to restaurants on its platform that do not have their own delivery operations.
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