Mizuho cut shares of GrubHub Inc. (NYSE:GRUB) from a buy rating to a neutral rating in a research report report published on Thursday morning. The firm currently has $42.00 target price on the stock, down from their prior target price of $45.00.
Several other equities research analysts also recently issued reports on GRUB. Argus initiated coverage on GrubHub in a research report on Wednesday, October 12th. They issued a buy rating on the stock. Bank of America Corporation raised GrubHub from a neutral rating to a buy rating in a research report on Thursday, October 13th. Roth Capital raised GrubHub from a neutral rating to a buy rating in a research report on Thursday, October 27th. Stifel Nicolaus raised GrubHub from a hold rating to a buy rating in a research report on Monday, November 14th. Finally, Monness Crespi & Hardt downgraded GrubHub from a neutral rating to a sell rating in a research report on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $36.33.
GrubHub (NYSE:GRUB) opened at 36.70 on Thursday. The company has a 50-day moving average price of $39.15 and a 200 day moving average price of $39.24. GrubHub has a 1-year low of $19.73 and a 1-year high of $44.58. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 63.28 and a beta of 1.86.
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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.
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