GrubHub (GRUB) Receives a Hold from Credit Suisse

By Jason Carr

In a report released today, Stephen Ju from Credit Suisse maintained a Hold rating on GrubHub (GRUBResearch Report), with a price target of $75.00. The company’s shares closed last Friday at $71.27, close to its 52-week high of $73.43.

According to TipRanks.com, Ju is a top 100 analyst with an average return of 21.7% and a 70.3% success rate. Ju covers the Technology sector, focusing on stocks such as Endurance International, Headhunter Group, and Boingo Wireless.

Currently, the analyst consensus on GrubHub is a Hold with an average price target of $68.43, which is a -4.3% downside from current levels. In a report issued on July 27, Piper Sandler also initiated coverage with a Hold rating on the stock with a $75.00 price target.

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Based on GrubHub’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $363 million and GAAP net loss of $33.43 million. In comparison, last year the company earned revenue of $324 million and had a net profit of $6.89 million.

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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. The firm’s products and services include Grubhub, Seamless and Eat24 Mobile Apps and Mobile Website, Grubhub, Seamless, Eat24 and MenuPages Websites, Corporate Program, Delivery Services, Grubhub for Restaurants, Technology and Fulfillment Services, Point of Sale Integration, Restaurant Websites and Mobile Applications and Allmenus. Grubhub was founded in 2004 and is headquartered in Chicago, IL.