GrubHub Inc. (NYSE:GRUB) is now being followed by Jefferies, as they initiated the stock at Hold on November 20. Analysts at Wedbush, maintained the company shares at Outperform on October 26 but switched target price from $180 to $150. Analysts at Wedbush, made their first call about the stock on September 14, recommending it is Outperform.
GrubHub Inc. (GRUB) hit an intraday high Thursday at $81.55. The shares finished at $81.41, after trading as low as $73.1 earlier in the session. It rose 4.69% in recent trade and currently has a stock-market value of $7.56B. Trading activity significantly improved as the volume at ready counter increased to 3,345,242 shares versus 2,680,995 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,829,667 shares. The stock is now 23.22% above against its bear-market low of $66.07 on February 06, 2018. It has retreated -83.45% since it’s 52-week high of $149.35 reached in September. Now the market price is up 20.46% on the year and up 13.38% YTD.
GRUB’s 50 day simple moving average (SMA 50) price is $102.28 and its 200-day simple moving average (SMA 200) price is $110.83. The company’s stock currently has a total float of 90.45M shares. Its weekly volatility is hovering around 6.29% and felt 5.6% volatility in price over a month. On the upside, the share price will test short term resistance at around $84.27. On a downside, the stock is likely to find some support, which begins at $75.82. The failure to get near-term support could push it to $70.24.
Separately, it has been reported that multiple insider activity took place at GrubHub Inc. (GRUB). Chief Technology Officer Belousova Maria sold 3,368 shares in transaction occurred on 2018/12/04. After making this transaction, the Chief Technology Officer owns a direct stake of 273,717 shares. On 2018/12/03 Rice Linda Johnson, Director at GRUB, dumped 180 shares at an average price of $81.05 per share. The selling total is valued at $15,142.
Director, Rice Linda Johnson had divested 186 shares for $186 through a trade on 2018/11/27. Following this activity, the insider holds 14,986 shares worth $15,142 as of recent close. Wall Street’s most bullish GrubHub Inc. (NYSE:GRUB) analysts are predicting the share price to blow past $180 per share during the next 12 months. The current median share price forecast by them is $118, suggesting that the stock could increase 44.95% in that time frame. The average price target of $123.36 calls for a nearly 51.53% increase in the stock price.
When looking at valuations, GrubHub Inc. (GRUB) has a pricey P/E of 71.92x as compared to industry average of 34.45x. Moreover, it trades for 40.58 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 5.15x price/book and 8.18x price/sales. Compared to others, GrubHub Inc. is in a different league with regards to profitability, having net margins of 14.8%. To put some perspective around this, the industry’s average net margin is 11.71%. GRUB’s ROE is 10.8%, which is also considerably worse than the industry’s ROE of 15.39%. It’s also very liquid in the near term, with a current ratio of 2.3. The stock has a debt/capital of 0.21.
Shares of GrubHub Inc. (GRUB) have dropped -29.1% since the company’s last earnings report. Over the past 12 fiscal quarters, GrubHub Inc. (NYSE:GRUB) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 1 quarters (8%), whereas at 1 occasion EPS met analyst expectations. GRUB last reported earnings on October 25, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.45 per share, -95.69% change on the same period last year. That was better than consensus for $0.41. Revenue for the recent quarter stood at $247.23 million, up 52% on last year and above the $238.9 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $286.85 million to $293.54 million, which should be compared with $258.66 million generated last year. EPS is seen in a range of $0.21 to $0.36, against the $0.42 reported a year ago.