Grubhub to Buy Yelp's Eat24 for $287.5 Million

04 Août, 2017, 20:42 | Author: Marc Bacque
  • Grubhub to Buy Yelp's Eat24 for $287.5 Million

State Street Corp boosted its position in shares of Yelp by 1.9% in the fourth quarter. The local business review company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.28. Tyers Asset Management LLC acquired a new stake in shares of Yelp during the first quarter valued at $169,000. Finally, Janus Capital Management LLC boosted its position in shares of Yelp by 215.9% in the fourth quarter. During the same quarter a year ago, the company earned $0.16 EPS. Parallax Volatility Advisers Ltd Partnership holds 0.01% in Yelp Inc (NYSE:YELP) or 88,189 shares. Avalon Ltd Liability Company has 30,069 shares for 0.04% of their portfolio. The price volatility of GRUB was 3.27% for a week and 2.60% for a month as well as price volatility's Average True Range for 14 days was 1.36. The stock has a 50-day moving average of $31.06 and a 200 day moving average of $33.37. Morgan Stanley reissued an "equal weight" rating and issued a $26.00 price target (down from $28.00) on shares of Yelp in a research note on Thursday, July 20th. Investors purchased 62,135 put options on the stock. This is an increase of approximately 1,632% compared to the typical volume of 3,587 put options.

Yelp (NYSE:YELP) last announced its earnings results on Thursday, August 3rd. It reported adjusted earnings of 26 cents, matching the consensus estimate of 26 cents, as polled by Zacks. The online food delivery platform declared second-quarter revenue up 32 percent to $159 million, slightly above the $158 million expected on average by analysts, according to Thomson Reuters data. After $-0.06 actual EPS reported by Yelp Inc for the previous quarter, Wall Street now forecasts -50.00% EPS growth. The company expects full-year revenue in the range of $642 million to $662 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. If you are viewing this news story on another website, it was copied illegally and reposted in violation of USA & global trademark and copyright law. The original version of this piece can be read at https://theolympiareport.com/2017/08/04/yelp-inc-yelp-price-target-increased-to-36-00-by-analysts-at-royal-bank-of-canada.html. J P Morgan Chase & Co reaffirmed an "overweight" rating and issued a $46.00 target price on shares of Yelp in a research report on Friday. Roth Capital set a $21.00 price objective on Yelp and gave the stock a "sell" rating in a research report on Monday. Wedbush maintained the shares of YELP in report on Friday, February 10 with "Neutral" rating. Raymond James upgraded the shares of YELP in report on Wednesday, August 10 to "Outperform" rating. The deal also provides Yelp with a financial return, as the sale price more than doubles the $134 million in cash and stock that Yelp paid for Eat24 in 2015.

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Finally, State of Alaska Department of Revenue increased its stake in shares of Dunkin' Brands Group by 5.2% in the first quarter. OppenheimerFunds Inc. purchased a new stake in shares of Dunkin' Brands Group during the first quarter valued at about $204,000.


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Heico Corporation (HEI) Sets New 12-Month High at $81.96
With 119,700 avg volume, 17 days are for Heico Corporation (NYSE:HEI)'s short sellers to cover HEI's short positions. The stock of Heico Corp (NYSE: HEI ) earned "Sector Weight" rating by KeyBanc Capital Markets on Friday, August 26.


Among 41 analysts covering Yelp (NYSE:YELP), 20 have Buy rating, 4 Sell and 17 Hold. Yelp now has a consensus rating of "Hold" and a consensus price target of $35.94. Also, CFO Charles Baker sold 12,176 shares of the firm's stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $28.23, for a total value of $106,963.47.

Firefly Value Partners Lp increased Rice Energy Inc (RICE) stake by 4.75% reported in 2016Q4 SEC filing. $123,000 worth of Yelp Inc (NYSE:YELP) was sold by Donaker Geoffrey L on Tuesday, June 13. Following the transaction, the director now directly owns 9,590 shares in the company, valued at approximately $341,979.40. The disclosure for this sale can be found here. Swiss National Bank now owns 129,264 shares of the local business review company's stock valued at $4,233,000 after buying an additional 16,100 shares during the period.

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