News stories about GrubHub (NASDAQ:GRUB) have trended somewhat positive recently, AlphaOne Sentiment Analysis reports. The research firm, a division of Accern, scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. GrubHub earned a media sentiment score of 0.19 on AlphaOne’s scale. AlphaOne also assigned press coverage about the information services provider an impact score of 75 out of 100, meaning that recent media coverage is likely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Alpha One Sentiment Analysis’s scoring:
- Subway Brings in New Technology to Solve Sales Slump (courant.com)
- Grubhub Wants To Sanction Driver For Confidential Info Leak (law360.com)
- Reviewing Snap (SNAP) & GrubHub (GRUB) (americanbankingnews.com)
- Subway Looks to Fix Its Sales Slump With Tech Upgrades (bloomberg.com)
- Wells Fargo Starts Coverage on GrubHub Inc. (GRUB) By Announcing An Initial Rating Of “Market Perform” (highlightpress.com)
GRUB has been the topic of several research reports. Pacific Crest restated an “overweight” rating and issued a $45.00 price target on shares of GrubHub in a report on Thursday, March 23rd. CIBC increased their price objective on shares of GrubHub from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, April 28th. Zacks Investment Research raised shares of GrubHub from a “sell” rating to a “hold” rating and set a $39.00 price objective for the company in a research report on Tuesday, April 11th. Maxim Group reaffirmed a “hold” rating on shares of GrubHub in a research report on Thursday, April 20th. Finally, Oppenheimer Holdings, Inc. raised shares of GrubHub from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research report on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the stock. GrubHub currently has a consensus rating of “Buy” and a consensus target price of $44.21.
GrubHub (NASDAQ GRUB) traded down 0.62% during trading on Friday, reaching $43.32. 1,454,604 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $43.92 and its 200-day moving average price is $38.46. The company has a market capitalization of $3.73 billion and a price-to-earnings ratio of 65.64. GrubHub has a 52-week low of $28.36 and a 52-week high of $46.83.
GrubHub (NASDAQ:GRUB) last released its quarterly earnings data on Thursday, April 27th. The information services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. The business had revenue of $156.10 million for the quarter, compared to analysts’ expectations of $152.97 million. GrubHub had a return on equity of 7.21% and a net margin of 11.35%. GrubHub’s quarterly revenue was up 39.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 earnings per share. Equities analysts expect that GrubHub will post $1.13 earnings per share for the current year.
In other news, COO Stanley Chia sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, April 12th. The stock was sold at an average price of $35.77, for a total transaction of $42,924.00. Following the sale, the chief operating officer now directly owns 1,202 shares in the company, valued at $42,995.54. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Matthew M. Maloney sold 83,116 shares of the company’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $45.21, for a total value of $3,757,674.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 245,553 shares of company stock worth $10,546,643.
GrubHub Company Profile
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.
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