Costs eat into GrubHub's profit; shares slump
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Cowen Cuts Price Target Following GrubHub (GRUB) 3Q Results and Guidance
October 28, 2015 10:51 AM EDTCowen maintained a Market Perform rating on GrubHub Inc. (NYSE: GRUB), and cut the price target to $22.00 (from $25.00), following the company's 3Q results and guidance. Management gave initial guidance of ~$500M in incremental FY16 gross food sales (~$400M in net food sales, ex-tax & tip),... More
GrubHub (GRUB) Blames Weather for 3Q Miss; Sterne Agee CRT Cuts Price Target to $32
October 28, 2015 9:00 AM EDTSterne Agee CRT maintained a Buy rating on GrubHub Inc. (NYSE: GRUB), and cut the price target to $32.00 (from $37.00), following the company's 3Q earnings results. GRUB reported 3Q revenue / adjusted EBITDA of $85.66M / $21.46M compared to consensus $86.7M / $24.9M. Management noted unseasonably mild weather... More
