Today analysts at Pacific Crest indicated Grubhub Inc’s (NYSE:GRUB) shares as ‘Overweight’ in a report released to investors.
According to Pacific Crests price target of 45 on the company’s stock this indicates the broker now believes there is an increase of 19.24% from Grubhub Inc’s current price of 37.74.
In the last year Grubhub Inc’s stock price has increased by 67.58% from 22.52 to 37.74.
The number of Grubhub Inc shares in issue is 85,608,000 which have a current share price of 37.74 bringing Grubhub Inc’s market capitalisation to 3.23B USD.
The 52 week high of shares in Grubhub Inc is 44.58 while the 52 week low for the company’s shares is 21.29. The businesses 50 day moving average is 38.96 and its 200 day moving average is 39.18.
Grubhub Inc. provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites. As of December 31, 2016, the Company connected more than 50,000 local restaurants with diners in more than 1,100 cities across the United States. In certain markets, the Company also provides delivery services to restaurants on its platform that do not have their own delivery operations. The Company provides diners on the platform with a personalized platform that helps them search for local restaurants and then place an order from an Internet-connected device. It also provides diners with information about their orders and status. The Company also provides delivery services to restaurants on its platform that do not have their own delivery operations.