Cowen & Co. analyst Thomas Champion reiterated a Buy rating on GrubHub (GRUB) on November 14 and set a price target of $116. The company’s shares closed on Friday at $87.49.
Champion has an average return of 39.2% when recommending GrubHub.
According to TipRanks.com, Champion is ranked #2557 out of 4897 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GrubHub with a $128.88 average price target, which is a 47.3% upside from current levels. In a report issued on October 31, Guggenheim also reiterated a Buy rating on the stock with a $165 price target.
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Based on GrubHub’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $22.75 million. In comparison, last year the company had a net profit of $12.99 million.
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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.
