GrubHub (GRUB) Gets a Hold Rating from Stifel Nicolaus

By Austin Angelo

In a report released today, John Egbert from Stifel Nicolaus maintained a Hold rating on GrubHub (GRUBResearch Report), with a price target of $40.00. The company’s shares closed last Monday at $54.08.

According to TipRanks.com, Egbert is a 4-star analyst with an average return of 13.6% and a 54.4% success rate. Egbert covers the Technology sector, focusing on stocks such as Tencent Music Entertainment Group, Spotify Technology SA, and Criteo SA.

The word on The Street in general, suggests a Hold analyst consensus rating for GrubHub with a $38.94 average price target.

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Based on GrubHub’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $1.01 million. In comparison, last year the company had a GAAP net loss of $5.15 million.

Based on the recent corporate insider activity of 117 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GRUB in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.