Roth Capital analyst Darren Aftahi maintained a Hold rating on GrubHub (NYSE: GRUB) today and set a price target of $130. The company’s shares opened today at $119.31.
Aftahi noted:
“We expect mostly in-line 3Q18 estimates when GRUB reports BMO on 10/25. While we expect strong topline and adj. EBITDA growth in 3Q, go forward comparables begin to become more challenging in 4Q18 as GRUB laps its Eat24 acquisition. We focus on the incremental impact GRUB’s most recent acquisitions have on forward guidance as tougher comparables commence in 4Q18. We continue to see GRUB as a marketplace leader but remain at Neutral on valuation in light of moderating organic growth. 3Q18 expectations. We model for 3Q18 sales/adj. EBITDA/Non-GAAP EPS estimates of ~$239.5M/$62.1M/$0.40, mixed relative to consensus estimates of ~$238.8M/$62.8M/$0.41.”
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 11.7% and a 51.8% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.
GrubHub has an analyst consensus of Moderate Buy, with a price target consensus of $146.40.
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The company has a one-year high of $149.35 and a one-year low of $51.21. Currently, GrubHub has an average volume of 1.5M.
Based on the recent corporate insider activity of 220 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, David Fisher, a Director at GRUB sold 19,000 shares for a total of $2,471,330.
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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.
