GrubHub (GRUB) Gets a Buy Rating from Canaccord Genuity


Canaccord Genuity analyst Maria Ripps maintained a Buy rating on GrubHub (NYSE: GRUB) yesterday and set a price target of $152. The company’s shares opened today at $129, close to its 52-week high of $141.06.

Ripps observed:

“We hosted Grubhub President and CFO a fireside chat at our annual Canaccord Genuity Growth Conference. The discussion centered on GRUB’s market opportunity, growth initiatives, and partnership with YUM! Brands.”

Ripps has an average return of 9.3% when recommending GrubHub.

According to TipRanks.com, Ripps is ranked #2306 out of 4850 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GrubHub with a $136.69 average price target, a 6.0% upside from current levels. In a report issued on July 25, Oppenheimer also maintained a Buy rating on the stock with a $150 price target.

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Based on GrubHub’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $30.12 million. In comparison, last year the company had a net profit of $14.75 million.

Based on the recent corporate insider activity of 233 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

GrubHub, Inc. operates as an online and mobile food-ordering company, which connects diners with local takeout restaurants. Its online and mobile ordering platforms allow diners and corporate businesses to order directly from takeout restaurants in the United States and London. The company’s brands include GrubHub, Seamless, MenuPages, and Allmenus.

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