Cowen Cuts Price Target Following GrubHub (GRUB) 3Q Results and Guidance

GrubHub (GRUB) Blames Weather for 3Q Miss; Sterne Agee CRT Cuts Price Target to $32

October 28, 2015 9:00 AM EDT

Sterne 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

RBC Capital Downgrades GrubHub Inc. (GRUB) to Sector Perform

October 28, 2015 7:13 AM EDT

RBC Capital downgraded GrubHub Inc. (NYSE: GRUB) from Outperform to Sector Perform with a price target of $27.00 (from $42.00).

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 $24.49 yesterday.

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Susquehanna Downgrades GrubHub Inc. (GRUB) to Neutral

October 28, 2015 7:12 AM EDT

Susquehanna downgraded GrubHub Inc. (NYSE: GRUB) from Positive to Neutral with a price target of $25.00 (from $44.00).

Analyst Shyam Patil commented, "While we like the business and long-term opportunity, we believe lingering issues around competition, decelerating growth, and margin pressure are likely to... More

Notable 52-Week Highs and Lows 10/27: (MSFT) (CDNS) (MPWR) High; (MRVL) (GRUB) (RCII) Low

October 27, 2015 3:35 PM EDT

52-Week High:Microsoft (Nasdaq: MSFT) $54.37. Microsoft moving higher Tuesday as FBR Capital said it thinks the stock has jumped off its 2 MPH innovation treadmill and has the ability to offset shrinking Windows revenue by embracing cloud applications and devices. For more con the commentary, click here.

Cadence Design Systems (Nasdaq: CDNS)... More

Raymond James Downgrades GrubHub Inc. (GRUB) to Outperform

October 27, 2015 2:29 PM EDT

Raymond James downgraded GrubHub Inc. (NYSE: GRUB) from Strong Buy to Outperform.

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 $32.09 yesterday.

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Unusual 11 Mid-Day Movers 10/27: (RIVR) (RAD) (TRIV) Higher; (UQM) (RRTS) (ELGX) Lower

October 27, 2015 1:08 PM EDT

UQM Technologies (NYSE: UQM) 51.4% LOWER; announced that it has entered into definitive agreements with institutional investors to purchase in a registered direct offering an aggregate of 8.0 million units for a total purchase price of approximately $6.4 million ($0.80 per unit). Each unit consists of one share of UQM common stock and 0.5 of a warrant. Each warrant gives the warrant holder the right to purchase one share of UQM common stock at a price of $1.31 for a period beginning six months from the date of issuance through the fifth... More

Costs eat into GrubHub's profit; shares slump

October 27, 2015 9:14 AM EDT

By Sai Sachin R and Anya George Tharakan

(Reuters) - GrubHub Inc (NYSE: GRUB), an online food order and delivery company, reported third-quarter profit and revenue below market expectations, hurt by higher costs and service disruptions.

GrubHub's shares plunged as much as 30 percent to a record low in morning trading on Tuesday after the company also forecast fourth-quarter revenue that missed analysts' estimates.

The company faced service outages in the quarter as it moved to a new technology platform, Chief Financial Officer Adam DeWitt said on an analyst call.

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GrubHub (GRUB) Misses Q3 EPS by 1c; Guides Q4 Revenue Below Expectations

October 27, 2015 9:01 AM EDT

GrubHub (NYSE: GRUB) reported Q3 EPS of $0.13, $0.01 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $85.7 million versus the consensus estimate of $86.54 million.

Sees Q4 revenue of $98 - $100 million, with the consensus at $100.9 million.

For earnings history and earnings-related data on GrubHub (GRUB) click here.

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Trading Radar for 10/26: Apple (AAPL), Twitter (TWTR), Alibaba (BABA), Comcast (CMCSA), Pfizer (PFE) Report

October 26, 2015 2:16 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EDT

Durable Orders - Street sees (1.3%)

9:00am EDT

Case-Shiller 20-City Index - Street sees 5.0%

Earnings:

AIXTRON SE (Nasdaq: AIXG) - consensus loss $0.08
AK Steel (NYSE: AKS) - consensus loss $0.23
AVX Corp. (NYSE: AVX) - consensus EPS $0.20
Active Power (Nasdaq: ACPW) - consensus loss $0.02... More