Grubhub Reports Record Second Quarter Results
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July 26, 2018 9:25 AM EDT
Oppenheimer raised its price target on GrubHub Inc. (NYSE: GRUB) to $150.00 (from $130.00) while maintaining an Outperform rating.
Analyst Jason Helfstein commented, "We are increasing our target to $150 from $130 after GrubHub reported better than expected 2Q:18 results, increased FY18 guidance and announced the acquisition of... More
July 26, 2018 6:54 AM EDT
Susquehanna raised its price target on GrubHub Inc. (NYSE: GRUB) to $135.00 (from $87.00) while maintaining a Neutral rating following results.
Analyst Shyam Patil notes business momentum remains strong.
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July 26, 2018 6:47 AM EDT
Guggenheim raised its price target on GrubHub Inc. (NYSE: GRUB) to $165.00 (from $140.00) while maintaining a Buy rating following results.
Analyst Matthew DiFrisco commented, "Grubhub took the next step in its evolution this morning, pending completion of the LevelUp acquisition. In our opinion, LevelUp... More
July 25, 2018 9:02 AM EDT
Grubhub (NYSE: GRUB) reported Q2 EPS of $0.50, $0.08 better than the analyst estimate of $0.42. Revenue for the quarter came in at $240 million versus the consensus estimate of $233 million.
LevelUp's world-class technology and team will simplify Grubhub's integrations with the nation's top restaurant brands, provide more channels to attract and engage diners, and position us to dramatically accelerate product development for valuable restaurant-facing tools.
With the addition of LevelUp, Grubhub will offer national and independent restaurants the... More
