GrubHub (NYSE:GRUB) is an online and mobile platform for restaurant pick-up and delivery orders. It recently IPO'd at $26 a share, and began trading on April 4th. On the first day of trading, shares opened up at $40.00, traded as high as 40.80 and closed at the low of the day at $34.00.
Source of the IPO data and other data used throughout this article are from its prospectus found here.
On May 8th, 2014, GrubHub reported 1st-quarter earnings results of 6 cents per share vs. estimates of 3 cents per share. Revenue was also ahead of expectations, coming in at $58.6 million vs. a $53.42 million estimate.
Shares are trading at $33.00 as of the time...
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