KeyBanc analyst Brad Erickson reiterated a Buy rating on GrubHub (NYSE: GRUB) yesterday and set a price target of $62. The company’s shares opened today at $64.70, close to its 52-week high of $64.99.
According to TipRanks.com, Erickson is a 3-star analyst with an average return of 2.7% and a 51.7% success rate. Erickson covers the Consumer Goods sector, focusing on stocks such as Integrated Device Tech, Harman International, and Silicon Laboratories.
GrubHub has an analyst consensus of Moderate Buy, with a price target consensus of $59.19.
GrubHub’s market cap is currently $5.58B and has a P/E ratio of 94.87. The company has a book value ratio of 5.3030.
Based on the recent corporate insider activity of 200 insiders, corporate insider sentiment is negative on the stock.
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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.