GrubHub Inc (NASDAQ:GRUB)‘s stock had its “buy” rating reiterated by equities research analysts at William Blair in a report released on Friday, Market Beat Ratings reports.

A number of institutional investors have recently bought and sold shares of the company. Marcus Capital purchased a new position in GrubHub during the fourth quarter worth approximately $488,000. Chevy Chase Trust Holdings purchased a new position in GrubHub during the fourth quarter worth approximately $2,234,000. Finally, Janus Capital Management purchased a new position in GrubHub during the third quarter worth approximately $29,337,000.

Other equities analysts have also recently issued research reports about the stock. Oppenheimer cut their target price on shares of GrubHub from $45.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, October 28th. Mizuho assumed coverage on shares of GrubHub in a report on Wednesday, December 2nd. They issued a “buy” rating and a $31.00 target price on the stock. Sterne Agee CRT reissued a “buy” rating and issued a $32.00 target price (down previously from $37.00) on shares of GrubHub in a report on Sunday, November 1st. Cowen and Company reissued a “hold” rating on shares of GrubHub in a report on Thursday. Finally, Zacks Investment Research cut shares of GrubHub from a “hold” rating to a “sell” rating in a report on Tuesday, December 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. GrubHub presently has a consensus rating of “Buy” and an average price target of $38.21.

In related news, EVP Margo Drucker sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $24.29, for a total value of $291,480.00. Following the completion of the transaction, the executive vice president now owns 5,000 shares of the company’s stock, valued at approximately $121,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Adam Dewitt sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 29th. The stock was sold at an average price of $25.05, for a total transaction 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 approximately $12,525. The disclosure for this sale can be found here.

Shares of GrubHub (NASDAQ:GRUB) opened at 19.17 on Friday. GrubHub has a 52 week low of $18.50 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 stock has a market cap of $1.63 billion and a price-to-earnings ratio of 43.87.

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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