RBC Capital Starts GrubHub Inc. (GRUB) at Sector Perform

RBC Capital initiates coverage on GrubHub Inc. (NYSE: GRUB) with a Sector Perform rating and a price target of $42.00.

Analyst Rohit Kulkarni commented, "GrubHub has emerged as the largest online food takeout & delivery marketplace, with an attractive business model addressing a large market opportunity. While we view GrubHub as a core long-term small-cap ‘Net company with likely short-term upside to ests, we think risk/reward is fairly balanced at current levels (28x '15E EBITDA on 28% 3-Yr EBITDA CAGR Outlook)."

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 $36.98 yesterday.

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