Could GrubHub Inc Rise More? The Stock Had Bearish Options Activity

 Could GrubHub Inc Rise More? The Stock Had Bearish Options Activity

In today’s session GrubHub Inc (GRUB) recorded an unusually high (1,054) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious GRUB decrease. With 1,054 contracts traded and 6194 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: GRUB161118P00035000 closed last at: $0.9 or 350% up. About 709,585 shares traded hands. GrubHub Inc (NYSE:GRUB) has risen 45.71% since April 13, 2016 and is uptrending. It has outperformed by 41.78% the S&P500.

GrubHub Inc (NYSE:GRUB) Ratings Coverage

Out of 20 analysts covering Grubhub Inc (NYSE:GRUB), 10 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 50% are positive. Grubhub Inc has been the topic of 41 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Wednesday, October 28 by Oppenheimer. The firm has “Neutral” rating given on Friday, July 29 by Monness Crespi. The firm earned “Buy” rating on Thursday, October 27 by Roth Capital. Jefferies initiated the stock with “Hold” rating in Tuesday, August 16 report. Mizuho initiated the shares of GRUB in a report on Thursday, December 3 with “Buy” rating. Oppenheimer downgraded GrubHub Inc (NYSE:GRUB) on Friday, February 5 to “Perform” rating. The firm has “Sector Perform” rating given on Friday, February 5 by RBC Capital Markets. As per Friday, April 8, the company rating was initiated by Pacific Crest. The stock of GrubHub Inc (NYSE:GRUB) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, October 28. The firm has “Overweight” rating given on Wednesday, August 26 by Barclays Capital.

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 $3.19 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 66 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 notable recent GrubHub Inc (NYSE:GRUB) news were published by: Fool.com which released: “Why GrubHub Inc Stock Dropped 11% in October” on November 12, 2016, also Wsj.com with their article: “GrubHub CEO Clarifies Postelection Email to Employees” published on November 11, 2016, Seekingalpha.com published: “GrubHub: Politics Of Perception” on November 14, 2016. More interesting news about GrubHub Inc (NYSE:GRUB) were released by: Businessinsider.com and their article: “GrubHub’s record-breaking performance continues” published on October 27, 2016 as well as Investorplace.com‘s news article titled: “GrubHub Inc (GRUB) Stock Sinks Despite Earnings Beat” with publication date: October 26, 2016.

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