Oppenheimer Assigns a Buy Rating on GrubHub

By Carrie Williams

In a report released today, Jason Helfstein from Oppenheimer assigned a Buy rating to GrubHub (NYSE: GRUB). The company’s shares opened today at $50.33.

According to TipRanks.com, Helfstein is a 5-star analyst with an average return of 14.7% and a 63.2% success rate. Helfstein covers the Technology sector, focusing on stocks such as Endurance International, Interxion Holding NV, and IAC/InterActiveCorp.

Currently, the analyst consensus on GrubHub is Moderate Buy and the average price target is $56.36, representing an 12.0% upside.

In a report issued on October 1, Stifel Nicolaus also reiterated a Buy rating on the stock with a $53 price target.

The company has a one-year high of $57.61 and a one-year low of $32.43. Currently, GrubHub has an average volume of 1.78M.

Based on the recent corporate insider activity of 180 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2017, Adam Dewitt, the CFO & Treasurer of GRUB sold 10,500 shares for a total of $574,924.

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 hungry 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 company’s brands include GrubHub, Seamless, MenuPages and Allmenus.