Grubhub (GRUB): Notes From CFO Meeting - Mizuho

Mizuho Securities analyst, Neil Doshi, reiterated his Buy rating on shares of GrubHub Inc. (NYSE: GRUB) after hosting an investor meeting with the company's CFO, Adam DeWitt. The overall tone was positive, as we discussed the delivery roll out, new product launches, competition, and slowing growth of active diners.

Overall, the analyst came away more constructive on the company's delivery strategy, and believes that product improvements could drive better conversion over time. GrubHub owns the largest network of restaurants and diners, and is now the largest third party food delivery provider. The analyst suggests buying shares after the 3Q EPS pull back.

No change to the price target of $45.

For an analyst ratings summary and ratings history on GrubHub Inc. click here. For more ratings news on GrubHub Inc. click here.

Shares of GrubHub Inc. closed at $36.49 yesterday.

You May Also Be Interested In

• IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
• Bristol-Myers Squibb (BMY) stock slips despite earnings beat
• First Busey (BUSE) PT Lowered to $24 at DA Davidson