Benchmark Starts GrubHub Inc. (GRUB) at Buy

Benchmark analyst Daniel Kurnos initiates coverage on GrubHub Inc. (NYSE: GRUB) with a Buy rating and a price target of $95.00.

The analyst comments "Although shares have rebounded ~25% from recent lows, the stock remains down almost 50% from its 52 week high due to multiple compression from the perceived threat of increasing competition. We expect Grubhub to remain one (yes, there will likely be multiple) of the winners in the online food delivery space, and, in addition to the only consistently profitable self-funded operation currently, we see several levers that could drive upside to numbers over the near-to-medium term."

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 $74.91 yesterday.

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