Analyst Explains Why They Downgraded Their Rating on GrubHub (GRUB)

By Austin Angelo

Stifel Nicolaus analyst John Egbert downgraded GrubHub (GRUBResearch Report) to Hold yesterday and set a price target of $40.00. The company’s shares closed last Monday at $33.11, close to its 52-week low of $32.55.

According to TipRanks.com, Egbert is a 4-star analyst with an average return of 15.2% and a 43.6% success rate. Egbert covers the Technology sector, focusing on stocks such as Tencent Music Entertainment Group, Spotify Technology SA, and Facebook.

GrubHub has an analyst consensus of Hold, with a price target consensus of $61.67, which is a 59.0% upside from current levels. In a report released yesterday, Gordon Haskett Capital Corporation also downgraded the stock to Hold with a $45.00 price target.

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The company has a one-year high of $97.96 and a one-year low of $32.55. Currently, GrubHub has an average volume of 3.12M.

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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.