GrubHub (GRUB) Receives a Hold from Needham

By Jason Carr

Needham analyst Brad Erickson maintained a Hold rating on GrubHub (GRUBResearch Report) today. The company’s shares closed last Monday at $58.39, close to its 52-week low of $51.57.

Erickson has an average return of 37.0% when recommending GrubHub.

According to TipRanks.com, Erickson is ranked #4293 out of 5580 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GrubHub with a $86.43 average price target, implying a 47.7% upside from current levels. In a report issued on October 15, Morgan Stanley also maintained a Hold rating on the stock with a $59.00 price target.

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GrubHub’s market cap is currently $5.39B and has a P/E ratio of 213.34. The company has a Price to Book ratio of 3.60.

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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.