After Today’s Bullish Options Activity, Is GrubHub Inc’s Near-Term Analysis Positive?

 After Today's Bullish Options Activity, Is GrubHub Inc's Near Term Analysis Positive?

In today’s session GrubHub Inc (GRUB) registered an unusually high (120) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious GRUB increase. With 120 contracts traded and 5534 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: GRUB161118C00042500 closed last at: $2.8 or 7.7% up. About 805,977 shares traded hands. GrubHub Inc (NYSE:GRUB) has risen 78.31% since March 15, 2016 and is uptrending. It has outperformed by 72.83% the S&P500.

Analysts await GrubHub Inc (NYSE:GRUB) to report earnings on October, 25. They expect $0.15 EPS, up 36.36% or $0.04 from last year’s $0.11 per share. GRUB’s profit will be $12.94 million for 71.32 P/E if the $0.15 EPS becomes a reality. After $0.19 actual EPS reported by GrubHub Inc for the previous quarter, Wall Street now forecasts -21.05% negative EPS growth.

GrubHub Inc (NYSE:GRUB) Ratings Coverage

Out of 19 analysts covering Grubhub Inc (NYSE:GRUB), 9 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 47% are positive. Grubhub Inc has been the topic of 40 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Monness Crespi & Hardt upgraded the shares of GRUB in a report on Monday, June 6 to “Buy” rating. The stock of GrubHub Inc (NYSE:GRUB) has “Outperform” rating given on Wednesday, October 28 by Northland Capital. The rating was downgraded by Cowen & Co to “Market Perform” on Monday, July 27. The firm has “Sector Perform” rating given on Friday, February 5 by RBC Capital Markets. Mizuho initiated GrubHub Inc (NYSE:GRUB) rating on Thursday, December 3. Mizuho has “Buy” rating and $31 price target. Pacific Crest initiated the stock with “Sector Weight” rating in Friday, April 8 report. The stock of GrubHub Inc (NYSE:GRUB) earned “Hold” rating by Maxim Group on Friday, July 29. Maxim Group initiated the stock with “Buy” rating in Friday, June 3 report. The stock of GrubHub Inc (NYSE:GRUB) earned “Outperform” rating by Wedbush on Friday, July 8. The rating was upgraded by RBC Capital Markets on Thursday, July 2 to “Outperform”.

According to Zacks Investment Research, “GrubHub Inc. is an online and mobile food ordering company. The Company’s platform assists diners in searching for local restaurant, tracking the order and re-order for convenience. It operates within the United States and the United Kingdom. GrubHub Inc. is based in United States.”

Grubhub Inc. is a provider of an online and mobile platform for restaurant pick-up and delivery orders. The company has a market cap of $3.68 billion. The Firm connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. It has a 89.79 P/E ratio. For restaurants, Grubhub generates higher margin takeout orders at full menu prices.

GRUB Company Profile

Grubhub Inc. (Grubhub), incorporated on May 10, 2013, is a well-known provider of an online and mobile platform for restaurant pick-up and delivery orders. The Firm connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices. The Company’s target market is primarily consists of independent restaurants. In certain markets, the Company also provides delivery services to restaurants on its platform that do not have their own delivery operations. The Firm 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. In addition, the Company enables re-ordering by storing previous orders, preferences and payment information.

More news for GrubHub Inc (NYSE:GRUB) were recently published by: Finance.Yahoo.com, which released: “Grubhub Inc (GRUB) CEO and President Matthew M. Maloney Sold $5.7 million of …” on October 11, 2016. Streetinsider.com‘s article titled: “Argus Starts GrubHub Inc. (GRUB) at Buy” and published on October 12, 2016 is yet another important article.

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