GrubHub Inc. (GRUB) - NYSE
  • Thu, May 19, 2:24 PM
    • Following a string of rollouts of its food delivery service to dozens of new markets, GrubHub (GRUB -1.8%) today makes news on the restaurant side, launching a new technology platform.
    • The company's GrubCentral replaces OrderHub, the in-house technology GrubHub introduced in 2012 to allow restaurants to manage online orders.
    • The new platform is more efficient, the company says, and allows restaurants to access order information, menus and financials from any device, freeing up counter space -- using a GrubHub tablet or their own Web browsers.
    • Owners also get integrated delivery features with real-time updates on driver locations.
    • Previously: GrubHub closes down 7.8% after news of Amazon's NYC food delivery move (May. 17 2016)
    • Now read GrubHub: Continued Execution Dispels Competition Fears »
    | Thu, May 19, 2:24 PM
  • Tue, May 17, 7:29 PM
    • GrubHub (NYSE:GRUB), which opened to the downside after Amazon.com (AMZN -2.2%) expanded its restaurant delivery offering into New York and Dallas, finished the day down 7.8% to hit its lowest point in nearly two months.
    • Amazon's service is free with Prime membership and promises no markups from restaurants' online menus -- a move that Axiom analyst Victor Anthony says is a "long-term positive for Prime in that it is expected to increase retention."
    • What's good for Amazon is bad for GrubHub, though: It's a "negative read through for the shares of GrubHub and other private food delivery services."
    • Overall, GrubHub still has a consensus rating of Buy (and average price target just under $33, implying 42% upside), though seven analysts maintain Hold ratings on the stock.
    • Now read GrubHub: It Will Only Get Worse »
    | Tue, May 17, 7:29 PM | 15 Comments
  • Tue, May 17, 9:36 AM
    • Amazon.com (AMZN +0.4%) has expanded its restaurant delivery offering to New York and Dallas, opening new competitive fronts in a hot market.
    • The retailer is bringing its service, which is free with a Prime membership, to Manhattan and not the outer boroughs for now. And it says it won't mark up prices higher than what's shown on a restaurant's online menu.
    • Dallas is a new market as well. Amazon Restaurants has been available in cities including Chicago, Los Angeles and Portland.
    • Competitor GrubHub (NYSE:GRUB), which also offers delivery service in New York, is down 2.5% out of the open.
    • Now read Amazon Flex Could Be The Next AWS »
    | Tue, May 17, 9:36 AM | 28 Comments
  • Sat, May 14, 11:01 AM
    • The retail sector stays in focus next week with Target (NYSE:TGT), Wal-Mart (NYSE:WMT), TJX Companies (NYSE:TJX), and Ross Stores (NASDAQ:ROST) all due to report on Q1 earnings to follow on a week of dismal reports and guidance from the department store sector (Nordstrom, L BrandsMacy's, Kohl's). Home improvement chains Home Depot (NYSE:HD) and Lowe's (NYSE:LOW) are also due to spill numbers.
    • The story from the Commerce Department's April read of retail sales (+3.0% Y/Y, +1.3% M/M) is one of a consumer spending on housing, entertainment, and personal care/fitness over apparel and general merchandise. The 10% Y/Y gain in the nonstore retailer category also tipped that the Amazon (NASDAQ:AMZN) Effect is magnifying.
    • Amplify ETFs CEO Christian Magoon tells Seeking Alpha that the traditional retail model appears to be broken. Amplify's Online Retail ETF (NASDAQ:IBUY) is a bet on companies such as Netflix (NASDAQ:NFLX), GrubHub (NYSE:GRUB), Blue Nile (NASDAQ:NILE), and Shopify (NYSE:SHOP) that are reeling in millennial dollars.
    • Magoon on retail: "Traditional retailers face the headwinds of higher cost structures including the very real threat of increasing wages in the form of the $15 minimum wage campaign. Less flexible with inventory management, they also are more vulnerable to issues like weather and changing consumer preferences."
    • Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, IYC, RHS, FDIS, PEJ, FSTA, PSL, SCC, RCD, UCC, PEZ, PMR, PSCC, UGE, PSCD, SZK, BITE.
    • Apparel stocks: KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, SHOO, PERY, DXLG, BONT, GES, URBN, RL,GIL, NKE, OXM, HBI, VNCE, PERY, ICON, FL.
    | Sat, May 14, 11:01 AM | 37 Comments
  • Wed, May 11, 12:28 PM
    • "The mall is not dead, it has just moved online," asserts EQM Indexes CEO and SA contributor Jane Edmondson. Though her analysis is not entirely new, it's certainly well-timed amid a battering of mall-based chains this week (see reports on L Brands, Gap, and Macy's for some of the carnage details).
    • EQM licensed its online retail index to ETF provider Amplify Investment for use in the new Amplify Online Retail ETF (NASDAQ:IBUY).
    • The online retail ETF lists Copart (NASDAQ:CPRT), NutriSystem (NASDAQ:NTRI), PetMed Express (NASDAQ:PETS), Shutterfly (NASDAQ:SFLY), Amazon (of course), PayPal (NASDAQ:PYPL), Stamps.com (NASDAQ:STMP), Grubhub (NYSE:GRUB), Overstock.com (NASDAQ:OSTK), FTD Companies (NASDAQ:FTD), Wayfair (NYSE:W), Netflix (NASDAQ:NFLX), Priceline (NASDAQ:PCLN), and Lands End (NASDAQ:LE) as top holdings.
    • The fund has only traded for a few weeks, but could catch some attention with the ground shifting underneath traditional retail.
    • Earlier today, the Global Millennials Thematic ETF (NASDAQ:MILN) was highlighted. This ETF shares some of the same holdings as the online retail play and has Amazon as its top holding.
    • Complete list of Amplify Online Retail ETF holdings
    • Previously: Amazon rambles to all-time high amid retail chaos (May 11)
    | Wed, May 11, 12:28 PM | 4 Comments
  • Wed, May 11, 11:28 AM
    • GrubHub (NYSE:GRUB) has closed on its acquisition of LAbite, the latest in a set of expansions and acquisitions to expand its food delivery footprint.
    • It's updated guidance accordingly to account for the closing. For Q2, it sees revenues of $113M-$115M (vs. analyst expectations for $110.7M), and EBITDA of $30M-$32M (vs. consensus of $30.4M). For the full year, it's forecasting $465M-$480M in revenue (vs. consensus of $459.1M) and EBITDA of $125M-$133M (vs. $127.4M expected).
    • LAbite diners ordered nearly $80M in gross food sales last year. GrubHub logged $713M in gross food sales overall in Q1 despite uncooperative weather for the season.
    • Now read Impact Of Short Interest On GrubHub's Share Price »
    | Wed, May 11, 11:28 AM
  • Mon, May 9, 8:11 PM
    • GrubHub (NYSE:GRUB) has added Las Vegas to its roster of food delivery cities, launching its turnkey service in yet another Western market.
    • The company has offered online ordering in Las Vegas since 2011, and has been steadily adding delivery in its order markets, including through national deals and acquisitions.
    • GrubHub now says it connects diners with more than 500 restaurants in the area. It offers turnkey delivery in more than 50 markets.
    • Now read Impact Of Short Interest On GrubHub's Share Price »
    | Mon, May 9, 8:11 PM
  • Tue, May 3, 9:57 AM
    • GrubHub (NYSE:GRUB) has taken a tumble, down 10%, despite Q1 earnings that met or clipped expectations and forward guidance in line with analyst expectations.
    • The company also noted an acquisition of delivery service LAbite, showcasing its rapid transition into food delivery.
    • It logged a record $713M in gross food sales despite uncooperative weather, and overall revenue grew 27% to $112.2M. EBITDA of $32.4M was up 15% and beat an expected $31.6M. Profits fell about 6% Y/Y on a GAAP basis, though.
    • Active diners were up 24% to 6.97M; daily average Grubs were up 14% to 267,800.
    • Excluding the pending purchase of LAbite, whose diners ordered almost $80M in gross food sales last year, GrubHub is now delivering annual gross food sales of about $250M, vs. next to none at start of 2015.
    • For Q2, GrubHub sees revenues of $109M-$111M and EBITDA of $29M-$31M, and for the full year it's forecasting revenues of $450M-$465M and EBITDA of $122M-$130M, all in line with expectations.
    • Press Release
    | Tue, May 3, 9:57 AM | 3 Comments
  • Tue, May 3, 9:05 AM
    • GrubHub (NYSE:GRUB): Q1 EPS of $0.20 in-line.
    • Revenue of $112.2M (+27.1% Y/Y) beats by $0.87M.
    • Press Release
    | Tue, May 3, 9:05 AM | 3 Comments
  • Mon, May 2, 5:30 PM
  • Mon, May 2, 12:20 PM
    • GrubHub (GRUB +0.5%) continues to expand in food delivery, moving its turnkey service to the Chicago suburbs.
    • It's an extension in the city where GrubHub first tested delivery two years ago. The expansion covers Skokie, Evanston, Park Ridge and Northfield and goes south to Hyde Park as well.
    • The company offers food from more than 3,000 local restaurants after growing Chicago partners by 30% in March (as well as increasing gross food sales by more than 17%).
    • Now read Impact Of Short Interest On GrubHub's Share Price »
    | Mon, May 2, 12:20 PM
  • Wed, Apr. 13, 1:01 PM
    • Seamless -- the New York-raised food takeout/delivery service that's part of GrubHub (GRUB +5.4%) -- has expanded its delivery to the outer boroughs of New York City, adding a huge user base to its offerings from more than 11,000 restaurants.
    • Outer borough restaurant partners grew by 32% in February, and gross food sales were up by 57%.
    • Meanwhile, GrubHub has also expanded a deal with California Pizza Kitchen to provide delivery and takeout for 117 nationwide locations. It's providing turnkey delivery starting today for 81 locations and that number will grow, the company says.
    • Shares have rallied 5.4% today, more than making up for a Monday setback where the stock fell 3.6%.
    • Now read GrubHub: A Proper Valuation »
    | Wed, Apr. 13, 1:01 PM
  • Fri, Apr. 8, 4:43 PM
    • GrubHub (GRUB +0.6%), trading on both sides of the line today, ended up in positive ground with the market, following a couple of different analyst takes today.
    • Pacific Crest launched coverage of the stock at Sector Weight, with an eye to the competition from UberEats. Meanwhile, Morgan Stanley reiterated its Overweight rating; last summer it had set a $46 price target when GrubHub was at $31.66. Today the stock is at $24.16.
    • "GrubHub and Yelp (Eat24) have a solid opportunity to catch the growth of online ordering and delivery, especially with independent restaurants," writes Pacific Crest's Evan Wilson. "However, we think longer-term competitive confusion will be difficult to overcome due to: 1) chains doing it themselves, 2) horizontal delivery networks (AMZN, UBER), and 3) messaging services […] Longer term, horizontal delivery providers (i.e., Amazon, Uber) will likely be able to provide delivery at lower prices for restaurants if they choose to operate unprofitably or develop delivery synergies with non-food items (personal transportation, e-commerce, grocery, etc.)"
    • Morgan Stanley's Dean Prissman, though, sees GrubHub's reviews outperforming UberEats in a key market: New York. Uber got strong initial app download traction, but "the category relies on a flawless consumer experience to drive conversion and retention, and so far consumer reviews are mixed."
    • Now read Is GrubHub Finally Worth A Bite? »
    | Fri, Apr. 8, 4:43 PM
  • Wed, Apr. 6, 1:38 PM
    • In the latest move in a delivery expansion now covering dozens of cities, GrubHub (GRUB +0.6%) has expanded its turnkey delivery service to San Diego.
    • The company had offered online ordering for takeout in the California city since 2010, connecting residents with more than 800 restaurants.
    • With the San Diego launch, GrubHub is now delivering food in nearly 50 markets.
    • Previously: GrubHub expands delivery service to Detroit (Mar. 31 2016)
    • Now read Is GrubHub Finally Worth A Bite? »
    | Wed, Apr. 6, 1:38 PM | 1 Comment
  • Thu, Mar. 31, 12:45 PM
    • GrubHub (GRUB +5.2%) has expanded its food delivery service again, this time to Detroit.
    • The company has offered online ordering from more than 250 restaurants in the city since 2012; now it's launched its turnkey delivery service there.
    • GrubHub delivery has spread to nearly 50 markets since its summer 2014 launch.
    • Now read Is GrubHub Finally Worth A Bite? »
    | Thu, Mar. 31, 12:45 PM
  • Wed, Mar. 9, 2:42 PM
    | Wed, Mar. 9, 2:42 PM | 1 Comment
Company Description
GrubHub, Inc. operates as an online and mobile food-ordering company, which connects hungry diners with local takeout restaurants. Its online and mobile ordering platforms allow diners and corporate businesses to order directly from takeout restaurants in the United States and London. The... More
Sector: Technology
Industry: Application Software
Country: United States