Published: Tue, August 08, 2017
Markets | By Noel Gibbs

GrubHub Inc. (GRUB) now has a monthly volatility of 3.02%

GrubHub Inc. (GRUB) now has a monthly volatility of 3.02%

Canaccord Genuity now has a buy rating on the information services provider's stock.

TRADEMARK VIOLATION NOTICE: "GrubHub Inc (NASDAQ:GRUB) Given New $50.00 Price Target at Canaccord Genuity" was first reported by TheOlympiaReport and is the property of of TheOlympiaReport.

GRUB has been the subject of several other research reports. Loop Capital reaffirmed a buy rating on shares of GrubHub in a research note on Wednesday, April 19th. Stifel Nicolaus maintained the shares of GRUB in report on Tuesday, August 1 with "Buy" rating.

Shares of GrubHub Inc (NASDAQ GRUB) opened at 52.62 on Monday.

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Investors and Traders continue to monitor technical levels of shares of GrubHub Inc. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Wedbush has "Buy" rating and $5000 target.

Just yesterday GrubHub (NYSE:GRUB) traded 4.28% higher at $52.62. The company had a trading volume of 7,443,127 shares. The company has a 50-day moving average price of $44.99 and a 200-day moving average price of $40.28. GrubHub has a one year low of $32.43 and a one year high of $57.26.

GrubHub (NASDAQ:GRUB) last posted its earnings results on Thursday, August 3rd. In the latest earnings report the EPS was $0.66 and is projected to be $1.12 for the current year with 86,203,000 shares now outstanding.

Trading volume for GrubHub Inc. was 7,219K in the last trading session. The company had revenue of $158.79 million during the quarter, compared to analyst estimates of $158.13 million. On average, equities analysts expect that GrubHub Inc will post $1.12 EPS for the current fiscal year. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and global trademark and copyright law. The original version of this article can be viewed at Also, CEO Matthew M. Maloney sold 6,250 shares of the stock in a transaction that occurred on Monday, June 5th. (NYSE:SD), 1 have Buy rating, 2 Sell and 3 Hold. Following the completion of the transaction, the chief financial officer now directly owns 26,890 shares in the company, valued at $1,208,705.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The shares were sold at an average price of $43.90, for a total transaction of $67,825.50. The stock was sold at an average price of $44.57, for a total value of $278,562.50. The Praesidium Investment Management Company Llc holds 337,644 shares with $25.10M value, down from 344,514 last quarter.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barton Investment Management boosted its stake in GrubHub by 2.7% in the second quarter. Global Endowment Management LP increased its stake in shares of GrubHub by 9.4% in the first quarter. Federated Investors Inc. PA now owns 958,755 shares of the information services provider's stock valued at $41,802,000 after buying an additional 74,555 shares during the period. Finally, Juncture Wealth Strategies LLC purchased a new stake in shares of GrubHub during the first quarter valued at approximately $234,000.

The company is expected to report earnings of $0.24 a share for the next quarter. The company reported revenue of $143.3 Million in the same period past year.

MMW can confirm that Groupon and Grubhub have entered into a commercial agreement that will allow Groupon to provide users with the ability to order food delivery from Grubhub's 55,000 restaurant partners via the Groupon platform and is expected to enable people to redeem Groupon deals when they order Grubhub delivery via Groupon. Meanwhile, Grubhub will be able to get its service in front of millions of potential customers who browse Yelp for restaurant recommendations (Yelp has more than 100 million monthly visitors to its app and mobile website).

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