GrubHub Inc. (GRUB) - NYSE
  • Today, 3:03 PM
    | Today, 3:03 PM
  • Today, 12:59 PM
    | Today, 12:59 PM
  • Today, 9:41 AM
    • GrubHub (NYSE:GRUB) has grabbed a new 52-week high, up 23.3% now to $37.88, after posting record revenues and beating expectations on top and bottom lines in its Q2 results.
    • Sales were up more than 36% and EBITDA grew 32% to $37.6M, beating an expected $31.2M. Net income grew 37%.
    • Active Diners rose 24% to 7.35M. "Daily Average Grubs" were up 23% to 271,100. Gross food sales gained 29% to $733M.
    • The company's guiding to Q3 revenues of $116M-$119M (vs. consensus for $113.8M) and EBITDA of $30M-$32M (ahead of an expected $28.1M). For the full year, it's forecasting revenue of $480M-$488M (vs. consensus for $473.3M) and EBITDA of $136M-$142M (vs. expected $129.8M).
    • Conference call to come at 10 a.m. ET.
    • Press Release
    | Today, 9:41 AM
  • Today, 9:16 AM
    | Today, 9:16 AM
  • Today, 9:01 AM
    • GrubHub (NYSE:GRUB): Q2 EPS of $0.23 beats by $0.04.
    • Revenue of $120.17M (+36.6% Y/Y) beats by $5.99M.
    • Shares +12% PM.
    • Press Release
    | Today, 9:01 AM
  • Fri, Jun. 3, 2:44 PM
    • GrubHub (GRUB +2.6%) has added Apple Pay to payment options on its food-ordering and delivery platform, expanding options and easing friction for its growing audience of users.
    • Apple users will be able to pay for food orders using stored credit/debit cards and Touch ID.
    • The move should add security to paying GrubHub, though the company is emphasizing quickness and convenience.
    • Meanwhile, shares have hit a 2016 high of $28.53; they're up 17.4% YTD.
    | Fri, Jun. 3, 2:44 PM
  • 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
  • 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
  • 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
  • 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
  • Fri, Mar. 4, 11:53 AM
    • GrubHub (GRUB +3.5%) has expanded its nationwide deal with Italian-food restaurant chain Buca di Beppo to enable ordering and delivery.
    • The partnership means 80 locations of the Planet Hollywood-owned resetaurant can process pickup and delivery orders via GrubHub, which currently offers delivery for 19 Buca di Beppo locations.
    • GrubHub has other nationwide deals with chains including California Pizza Kitchen, Veggie Grill and Panda Express, along with hundreds of smaller restaurant firms in nearly 50 markets now.
    • Previously: GrubHub expands branded delivery into Denver (Mar. 02 2016)
    | Fri, Mar. 4, 11:53 AM
  • Wed, Mar. 2, 1:46 PM
    | Wed, Mar. 2, 1:46 PM
  • Fri, Feb. 5, 3:48 PM
    • GrubHub's (GRUB -1.9%) Q4 earnings yeaterday boosted the stock nearly 13% on the strength of margins and some improving guidance, but Oppenheimer is worried about the food firm's competition.
    • Oppenheimer's Jason Helfstein downgraded GrubHub to Market Perform, from Outperform. He's got a raised price target of $30, implying 42% upside from today's price of $21.13.
    • Margins were nice, but "GRUB will see margin compression on reduced order rates, more expensive customer acquisition costs and lower commission rates" with competitors like Amazon.com and Uber starting to "aggresively pursue food delivery." Other companies' moves into New York could affect revenues and profitability in the next 12-18 months, and Amazon already has a larger user base.
    • Elsewhere, Brean and Canaccord Genuity reiterated their Buy ratings. Canaccord has a $35 price target, implying 66% upside.
    • Previously: GrubHub up 8% after revenue strength, solid guidance (Feb. 04 2016)
    | Fri, Feb. 5, 3:48 PM
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