GrubHub Inc (NASDAQ:GRUB)‘s stock had its “sector perform” rating restated by investment analysts at RBC Capital in a research report issued on Monday, AnalystRatings.Net reports. They presently have a $27.00 price objective on the stock. RBC Capital’s target price points to a potential upside of 40.85% from the stock’s current price.

The analysts wrote, “GrubHub is the largest online food takeout & delivery platform in the US, with 35K+ restaurants across 900+ cities with 6MM+ active diners ordering $1.7B+ worth of food every year. GrubHub operates a two-sided network by aggregating restaurant listings and offering online delivery or takeout services via its consumer platform.””

Other institutional investors have recently modified their holdings of the company. Janus Capital Management purchased a new position in shares of GrubHub during the third quarter worth about $29,337,000. Marcus Capital purchased a new position in shares of GrubHub during the fourth quarter worth about $488,000. Finally, Chevy Chase Trust Holdings purchased a new position in shares of GrubHub during the fourth quarter worth about $2,234,000.

In related news, SVP Margo Drucker sold 3,100 shares of the stock in a transaction that occurred on Tuesday, December 22nd. The stock was sold at an average price of $25.00, for a total value of $77,500.00. Following the completion of the transaction, the senior vice president now directly owns 500 shares of the company’s stock, valued at approximately $12,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Adam Dewitt sold 2,500 shares of the stock in a transaction that occurred on Tuesday, December 29th. The stock was sold at an average price of $25.05, for a total value of $62,625.00. Following the completion of the transaction, the chief financial officer now directly owns 500 shares of the company’s stock, valued at $12,525. The disclosure for this sale can be found here.

GrubHub (NASDAQ:GRUB) traded down 2.40% during mid-day trading on Monday, hitting $18.71. The company had a trading volume of 8,594,134 shares. GrubHub has a 52-week low of $18.01 and a 52-week high of $47.95. The stock’s 50 day moving average price is $23.07 and its 200 day moving average price is $26.91. The firm has a market cap of $1.59 billion and a P/E ratio of 42.81.

Several other research analysts have also recently commented on the company. William Blair reiterated a “buy” rating on shares of GrubHub in a research note on Friday. Cowen and Company reiterated a “hold” rating on shares of GrubHub in a research note on Thursday. Zacks Investment Research upgraded GrubHub from a “sell” rating to a “hold” rating in a research note on Wednesday, January 20th. Northland Securities cut GrubHub from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $30.00 to $25.00 in a research note on Wednesday, December 16th. Finally, Mizuho assumed coverage on GrubHub in a research note on Wednesday, December 2nd. They issued a “buy” rating and a $31.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $38.21.

GrubHub Inc. is an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 30,000 local restaurants with diners in more than 800 cities across the United States. The Company’s target market is primarily composed of independent restaurants. The Company provides diners on the platform with a personalized platform that helps them search for local restaurants and then place an order from an Internet-connected device. It also provides diners with information about their orders and status. In addition, the Company enables re-ordering by storing previous orders, preferences and payment information. The Company’s products include GrubHub and seamless Websites, GrubHub and seamless mobile applications and mobile Website, seamless corporate program, allmenus and menupages, orderhub and boost, restaurant Websites and delivery.

12 Month Chart for NASDAQ:GRUB

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