GrubHub (GRUB) Getting Favorable Press Coverage, Report Shows

Press coverage about GrubHub (NASDAQ:GRUB) has been trending positive on Sunday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. GrubHub earned a coverage optimism score of 0.29 on Accern’s scale. Accern also assigned media headlines about the information services provider an impact score of 93 out of 100, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the next few days.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

Insider Buying and Selling by Quarter for GrubHub (NASDAQ:GRUB)

Several research firms have recently commented on GRUB. Wedbush set a $50.00 price target on shares of GrubHub and gave the company a “buy” rating in a research report on Monday, June 19th. Wells Fargo & Company began coverage on shares of GrubHub in a research report on Thursday, June 15th. They set a “market perform” rating and a $45.00 price target on the stock. Canaccord Genuity reaffirmed a “buy” rating and set a $47.00 price target on shares of GrubHub in a research report on Thursday, May 25th. Roth Capital reaffirmed a “buy” rating on shares of GrubHub in a research report on Monday, May 22nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $43.00 price target on shares of GrubHub in a research report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. GrubHub has a consensus rating of “Buy” and a consensus price target of $44.21.

Shares of GrubHub (NASDAQ GRUB) opened at 47.70 on Friday. GrubHub has a 52-week low of $28.36 and a 52-week high of $47.84. The stock has a market cap of $4.11 billion and a price-to-earnings ratio of 72.27. The stock’s 50 day moving average price is $44.07 and its 200-day moving average price is $38.66.

GrubHub (NASDAQ:GRUB) last issued its earnings results on Thursday, April 27th. The information services provider reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.10. GrubHub had a net margin of 11.35% and a return on equity of 7.21%. The business had revenue of $156.10 million for the quarter, compared to the consensus estimate of $152.97 million. During the same quarter last year, the firm posted $0.20 EPS. The business’s revenue for the quarter was up 39.1% compared to the same quarter last year. On average, analysts predict that GrubHub will post $1.13 earnings per share for the current fiscal year.

In other news, CEO Matthew M. Maloney sold 6,250 shares of the firm’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $44.69, for a total value of $279,312.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Adam Dewitt sold 3,723 shares of the firm’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $33.02, for a total transaction of $122,933.46. Following the completion of the transaction, the chief financial officer now directly owns 28,960 shares in the company, valued at approximately $956,259.20. The disclosure for this sale can be found here. In the last three months, insiders sold 252,689 shares of company stock worth $10,874,899.

TRADEMARK VIOLATION NOTICE: “GrubHub (GRUB) Getting Favorable Press Coverage, Report Shows” was originally reported by sleekmoney and is owned by of sleekmoney. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://sleekmoney.com/grubhub-grub-getting-favorable-press-coverage-report-shows/1938678.html.

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.

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/grubhub-grub-getting-favorable-press-coverage-report-shows/1938678.html

Receive News & Ratings for GrubHub Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrubHub Inc and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *