Stifel Nicolaus Sticks to Its Buy Rating for GrubHub (GRUB)

By Jason Carr

Stifel Nicolaus analyst John Egbert reiterated a Buy rating on GrubHub (GRUBResearch Report) today and set a price target of $105. The company’s shares closed last Monday at $66.41, close to its 52-week low of $55.61.

Egbert observed:

“We reiterate our Buy rating and $105 Target Price on Grubhub shares.”

According to TipRanks.com, Egbert is a 4-star analyst with an average return of 16.2% and a 44.2% success rate. Egbert covers the Technology sector, focusing on stocks such as Tencent Music Entertainment Group, Spotify Technology SA, and Yelp Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GrubHub with a $92.14 average price target, a 37.4% upside from current levels. In a report issued on September 6, Cowen & Co. also maintained a Buy rating on the stock with a $91 price target.

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GrubHub’s market cap is currently $6.13B and has a P/E ratio of 245.16. The company has a Price to Book ratio of 4.13.

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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.