UPDATE: Stifel Upgrades GrubHub Inc. (GRUB) to Buy

November 14, 2016 7:38 AM EST
Get Alerts GRUB Hot Sheet
Price: $39.44 --0%

Rating Summary:
    20 Buy, 9 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 1
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(Updated - November 14, 2016 9:13 AM EST)

Stifel upgraded GrubHub Inc. (NYSE: GRUB) from Hold to Buy with a price target of $46. Analyst John Egbert noted strong fundamentals.

"GrubHub shares have fallen by over 20% since reaching a 52-week high of nearly $45 in late September (the S&P 500 fell less than 1% over this period) despite strong fundamentals and respectable 3Q:16 results. The company has exhibited solid execution in its core marketplace business and impressive growth in its emerging delivery business, while competition does not appear to be having a material impact on the company’s results. With shares trading below 16x 2017 EV / EBITDA, we believe risk / reward in GRUB shares once again appears compelling, especially to investors with a long-term focus," said Egbert.

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 $35.31 yesterday.

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