GrubHub Inc. (GRUB) - NYSE
  • Tue, Jun. 21, 7:51 AM
  • 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
  • Dec. 7, 2015, 5:22 PM
    • GrubHub (GRUB -1.7%) has acquired Delivered Dish, a delivery service operating with hundreds of restaurants in seven markets.
    • Delivered Dish, based in Portland, Ore., offers service in areas including Denver, Las Vegas, San Diego, El Paso and Albuquerque as well as its Portland base.
    • GrubHub currently serves 30 markets and expects to be in more than 40 by the end of the year.
    • Shares were down 0.8% after hours prior to the news.
    • Previously: Mizuho starts GrubHub at Buy with $31 target (Dec. 02 2015)
    • Previously: GrubHub expands delivery into Atlanta (Nov. 19 2015)
    | Dec. 7, 2015, 5:22 PM
  • Jul. 16, 2015, 3:59 PM
    • OrderUp provides food-ordering/delivery services in nearly 40 U.S. markets through its site and apps, and claims to have processed 10M+ orders in its lifetime. Groupon (GRPN +3.3%) is buying the startup for an undisclosed sum.
    • Groupon, which counts many restaurants among its deal providers, declares pairing OrderUp's platform with Groupon's ~25M active North American customers will create "an online and mobile food ordering marketplace of significant size and scale." Shares have added to their Thursday gains following the announcement; the Nasdaq is up 1.2%.
    • The purchase represents a fresh challenge for online food ordering/delivery leader GrubHub (GRUB +0.8%), whose shares moved slightly lower following the news. In February, Yelp announced it's buying GrubHub rival Eat24 for $134M.
    | Jul. 16, 2015, 3:59 PM | 24 Comments
  • Mar. 2, 2015, 9:37 AM
    • GrubHub (NYSE:GRUB) has closed its acquisition of Restaurants on the Run, and is adjusting its guidance since its prior outlook excluded the impact of the deal.
    • The company now expects slightly higher Q1 revenue of $84M-$86M. For the full year, it's expecting revenues of $343M-$358M and adjusted EBITDA of $101M-$109M.
    • Shares have opened 0.6% lower.
    • Previously: GrubHub up 9% on Q4 beat; making more acquisitions (Feb. 05 2015)
    | Mar. 2, 2015, 9:37 AM
  • Aug. 4, 2014, 1:29 PM
    • Re/code reports Square is set to announce the acquisition of Caviar, an online food-ordering/delivery platform that caters to high-end establishments. The NYT reports the purchase price could be around $90M.
    • Caviar tries to differentiate from GrubHub (GRUB +0.3%) and other rivals both through its high-end focus, and by providing its own fleet of delivery vehicles to fulfill orders. For now, the startup's services are only available in a handful of major metro areas.
    • Square, which has put its IPO plans on hold and has been reported to be mulling a sale, could cross-sell Caviar's offerings to the many restaurants that use its card readers and/or Square Reigster. The company could also integrate Caviar with its Square Order app (currently handled order pickups, but not delivery).
    • Update: Caviar has confirmed the acquisition.
    | Aug. 4, 2014, 1:29 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