GRUB - GrubHub Inc.

NYSE - NYSE Delayed price. Currency in USD
56.25
+1.06 (+1.92%)
At close: 4:01PM EST
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Previous close55.19
Open55.69
Bid55.02 x 1800
Ask57.00 x 1200
Day's range55.50 - 56.66
52-week range32.11 - 87.98
Volume2,294,150
Avg. volume4,625,258
Market cap5.144B
Beta (5Y monthly)1.23
PE ratio (TTM)1,308.14
EPS (TTM)0.04
Earnings date04 Feb 2020 - 09 Feb 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est43.45
  • Uber Buying Grubhub Makes Sense, D.A. Davidson's White Says
    Bloomberg

    Uber Buying Grubhub Makes Sense, D.A. Davidson's White Says

    Jan.09 -- Brent Thill, a Jefferies analyst, and Tom White, D.A. Davidson senior research analyst, discuss the reports that Grubhub Inc. is exploring strategic options in the midst of intense competition and steep discounts. They speak with Bloomberg's Taylor Riggs on "Bloomberg Technology."

  • GlobeNewswire

    Glancy Prongay & Murray Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Grubhub Inc.

    If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles Linehan, Esquire, at 310-201-9150, Toll-Free at 888-773-9224, or by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. On October 28, 2019, Grubhub announced disappointing financial results for its third fiscal quarter of 2019, revealing that an important demand metric, daily average grubs, had actually fallen 6% sequentially despite an increase in active diners.

  • Shake Shack's Same-Store Sales to Gain on Menu Innovation
    Zacks

    Shake Shack's Same-Store Sales to Gain on Menu Innovation

    Shake Shack (SHAK) menu innovation, partnership with Grubhub and unit expansion efforts bode well.

  • GlobeNewswire

    SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KSF REMINDS BAX, CGC, GRUB, WSG, INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits

    NEW ORLEANS, Jan. 15, 2020 -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors of pending.

  • GlobeNewswire

    DEADLINE ALERT for GRUB, REAL, CTAS, and FSCT: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders

    Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion. Investors suffering losses on their investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in these class actions at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

  • GlobeNewswire

    SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of ET and GRUB of Upcoming Deadlines

    WILMINGTON, Del., Jan. 15, 2020 -- Rigrodsky & Long, P.A. reminds investors of upcoming deadlines involving securities fraud class action lawsuits commenced against the.

  • GlobeNewswire

    FILING DEADLINE--Kuznicki Law PLLC Announces Class Actions on Behalf of Shareholders of BAX, CGC, GRUB and WSG

    CEDARHURST, N.Y., Jan. 14, 2020 -- The securities litigation law firm of Kuznicki Law PLLC issues this alert to shareholders of the following publicly traded companies. Wanda.

  • Business Wire

    The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Grubhub Inc. Investors (GRUB)

    The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of investors that acquired Grubhub Inc. ("Grubhub" or the "Company") (NYSE: GRUB) common stock between July 30, 2019 and October 28, 2019, inclusive (the "Class Period"). Grubhub investors have until January 21, 2020 to file a lead plaintiff motion.

  • Implied Volatility Surging for Grubhub (GRUB) Stock Options
    Zacks

    Implied Volatility Surging for Grubhub (GRUB) Stock Options

    Investors need to pay close attention to Grubhub (GRUB) stock based on the movements in the options market lately.

  • Bloomberg

    Prosus Still Chasing Food Deals After Losing Just Eat Battle

    (Bloomberg) -- Prosus NV hasn’t lost its appetite for food delivery, even after the e-commerce giant was defeated in a grueling $8 billion bidding war for U.K. firm Just Eat Plc.Takeaway.com NV last week declared victory in the battle for Just Eat, saying investors holding 80.4% of the shares had formally backed its all-stock bid and rejected a cash offer from Prosus. But the Naspers Ltd.- controlled company has alternative targets to pursue, according to head of ventures and food, Larry Illg.“We continue to look at lots of different options in this space,” Illg said in a phone interview.Prosus -- spun off by South African parent Naspers in September -- has targeted food delivery as a key market for investment as more people opt to order in meals rather than cook. The company also has stakes in Delivery Hero in Germany and India’s Swiggy alongside a controlling stake in iFood in Brazil.One option for further expansion could even see Amsterdam-based Prosus going back to the negotiating table with Takeaway, which is based in the same city. The new owner of Just Eat has said it will consider selling the British firm’s 33% stake in iFood, in which Prosus is the majority shareholder.Prosus would consider buying more of the Brazilian firm, though an additional investment would have to make financial sense and won’t be “something that we would do at all costs,” Illg said.“It’s strictly about the financials because it wouldn’t change anything about how we help manage the business,” he added.Illg’s comments come as food-delivery companies race to consolidate to withstand fierce competition from firms such as Uber Technologies Inc.’s Uber Eats and myriad other apps. Takeaway’s new combined company, listed in London, will become one of Europe’s largest food-delivery operations after the deal is completed.Grubhub Inc. last week said it “unequivocally” isn’t running a sale process, denying reports in The Wall Street Journal and New York Post that the U.S. firm is on the auction block. Meanwhile, Amazon.com Inc.’s attempt to purchase a minority stake in British food delivery startup Deliveroo has run into unexpected scrutiny from U.K. antitrust regulators who’ve opened an in-depth investigation into the deal.Asked about Grubhub or Deliveroo as possible investment targets, Illg declined to comment, but added Prosus isn’t fixated on pursuing deals in a specific location.“We’re not looking to color in white spaces on the map. It’s very opportunistic,” he said.To contact the reporter on this story: Natalia Drozdiak in Brussels at ndrozdiak1@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, John BowkerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • GlobeNewswire

    SHAREHOLDER ALERT: CLAIMSFILER REMINDS BAX, CGC, GRUB, WSG INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits

    NEW ORLEANS, Jan. 13, 2020 -- ClaimsFiler, a FREE shareholder information service, reminds investors of pending deadlines in the following securities class action lawsuits:.

  • Business Wire

    The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Grubhub Inc., Investors (GRUB)

    The Law Offices of Frank R. Cruz announces an investigation on behalf of Grubhub Inc. ("Grubhub" or the "Company") (NYSE: GRUB) investors concerning the Company and its officers’ possible violations of federal securities laws.

  • GlobeNewswire

    GRUB JAN 21 DEADLINE: Zhang Investor Law Reminds Investors of Deadline in Securities Class Action Lawsuit Against Grubhub Inc. – GRUB

    Zhang Investor Law announces a securities class action lawsuit on behalf of shareholders who bought shares Grubhub Inc. (GRUB) between July 30, 2019 and October 28, 2019, inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than January 21, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

  • GlobeNewswire

    INVESTOR CLASS ACTION DEADLINES: Bernstein Liebhard LLP Reminds Investors in Grubhub, Inc., Aurora Cannabis, and Merit Medical Systems Inc., of Filing Deadlines

    NEW YORK, Jan. 13, 2020 -- Bernstein Liebhard LLP announces that class action complaints have been filed on behalf of shareholders of GRUB, ACB, and MMSI. If you wish to serve.

  • GlobeNewswire

    DEADLINE ALERT: Rosen, a Leading Law Firm, Reminds Grubhub Inc. Investors of Important Deadline in Securities Class Action – GRUB

    NEW YORK, Jan. 10, 2020 -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Grubhub Inc. (NYSE: GRUB) between July 30, 2019 and.

  • The Zacks Analyst Blog Highlights: Grubhub, Amazon, Alphabet and Uber
    Zacks

    The Zacks Analyst Blog Highlights: Grubhub, Amazon, Alphabet and Uber

    The Zacks Analyst Blog Highlights: Grubhub, Amazon, Alphabet and Uber

  • Grubhub Says It ‘Unequivocally’ Isn’t Running Sale Process
    Bloomberg

    Grubhub Says It ‘Unequivocally’ Isn’t Running Sale Process

    (Bloomberg) -- Grubhub Inc. said the food-delivery company isn’t for sale, pushing back against media reports that had sent its stock surging.“We felt it was important to clarify that there is unequivocally no process in place to sell the company and there are currently no plans to do so,” a representative for the company said in a statement. “We have always consulted advisers about a broad range of issues, including potential acquisition opportunities -- that has not changed.”Grubhub is confident in its growth strategy whether or not it makes acquisitions, the representative said.The Wall Street Journal and New York Post reported Wednesday that Grubhub was considering a potential sale.Shares of Chicago-based Grubhub fell 6.1% to $52.34 at 9:40 a.m. in New York trading Friday, giving the company a market value of about $4.8 billion.Grubhub’s place in the food delivery market has fallen precipitously over the past year as upstarts spent aggressively to break in. Its stock, which nosedived after it published a dismal earnings forecast, remains down about 36% from a year ago.Unlike many of its peers, Grubhub has been profitable. The company reported net income of $1 million on revenue of $322 million for the quarter ended Sept. 30. Analysts estimate it will have an adjusted loss of $3.7 million for the quarter ended Dec. 31, according to data compiled by Bloomberg.(Updates with share price in fifth paragraph)\--With assistance from Mark Milian.To contact the reporters on this story: Liana Baker in New York at lbaker75@bloomberg.net;Leslie Patton in Chicago at lpatton5@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, ;Sally Bakewell at sbakewell1@bloomberg.net, Michael Hytha, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Indexes Hit New Highs, Department Store Worries & A New Top Stock - Free Lunch
    Zacks

    Indexes Hit New Highs, Department Store Worries & A New Top Stock - Free Lunch

    Why all three major U.S. indexes surged to new highs Thursday. A look at the global economic outlook for 2020, department store worries, and more. And why Sanderson Farms, Inc. (SAFM) is a Zacks Rank 1 (Strong Buy) stock right now...

  • GlobeNewswire

    DEADLINE ALERT for ET, GRUB, REAL, and MMSI: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders

    Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion. Investors suffering losses on their investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in these class actions at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

  • Grubhub (GRUB) Could be on Sale: Is Amazon a Potential Buyer?
    Zacks

    Grubhub (GRUB) Could be on Sale: Is Amazon a Potential Buyer?

    Grubhub's (GRUB) shares surge following reports of the company looking for strategic options, including a potential sale. Amazon is a potential suitor.

  • The Great Food-Delivery Fight Arrives in the U.S.
    Bloomberg

    The Great Food-Delivery Fight Arrives in the U.S.

    (Bloomberg Opinion) -- The appetite for major consolidation sweeping the global food delivery industry has finally reached the U.S. Now the big question is, which combination would be easier to stomach? The fly in the soup may, as ever, be SoftBank Group Corp.Waves of dealmaking have reduced the number of online food delivery players in markets such as the U.K. and South Korea to just two or three. In Germany, there’s only one — Takeaway.com NV. Yet the U.S. still has four major rivals: Grubhub Inc., SoftBank-backed DoorDash Inc., Uber Technologies Inc., another company in SoftBank’s stable, and the smaller Postmates Inc.Grubhub is “considering strategic options including a possible sale,” the Wall Street Journal reported on Wednesday. The biggest U.S. player until 2018, it has lost market share to its venture capital-backed peers, and the stock had fallen 63% from its peak before the news hit.The Chicago-based firm’s business model differs from its rivals. While the likes of Uber Eats provide a network of couriers to deliver food from their network of restaurants, Grubhub has operated largely as a digital platform since its founding in 2004. It simply connected restaurants to customers, leaving the eateries responsible for actually delivering the food. Under CEO and co-founder Matt Maloney, it became the dominant destination to order food online in the U.S.His platform approach was a lot more profitable. Because Grubhub didn’t have to shoulder the costs of couriers, and just took a cut of each meal ordered, it was able to enjoy Ebitda representing more than 20% of sales between 2013 and 2017, when competition started to ramp up. Its rivals have always been loss-making.But that model also made it harder to attract major fast-food chains such as McDonald’s Corp., which don’t want to have to take on the fixed cost of maintaining a network of couriers themselves. So Grubhub has belatedly started building out that capability in an effort to defend its market share. However, that’s hurt profitability. Still, despite those headwinds, Grubhub remains an attractive business, not least because of its dominant position in New York, where credit-card data analysis firm Second Measure estimates it has 67% market share.The difficulty lies in the deal price. Based on Grubhub’s cost of capital and anticipated 2022 earnings, a buyer would probably need to find annual savings exceeding $500 million by the end of that period to justify paying a 30% premium — even to the share price the day before the Wall Street Journal report, which would value the firm at about $6 billion including debt. Such savings would be a near impossible ask: Grubhub’s operating expenses over the past 12 months totaled just $1.2 billion. It would instead be a risky gamble on increased pricing power allowing the new firm to improve profitability enough to service any new debt. And the path to profitability for firms with their own couriers remains unclear. That probably rules out an approach by Amsterdam-based tech investor Prosus NV, which has no local business, reducing the opportunity both to find synergies and to remove a market competitor.A merger with one of Grubhub’s existing U.S. rivals therefore seems a more rational solution. An all-stock combination would reduce concerns about justifying a capital outlay on a firm with low returns, while offering greater opportunities for cost savings and increased pricing power. And combining Grubhub’s major network of restaurants with a rival’s couriers could prove attractive.But there are problems here, too. San Francisco-based DoorDash, arguably the most logical candidate strategically, was valued at nearly $13 billion in its most recent funding round. That sky-high figure would be a problem for Grubhub shareholders. Their firm may not be growing as quickly as DoorDash, but it is similarly sized and a lot more profitable. It’s hard to see them accepting a merger where DoorDash investors ended up with more than two-thirds of the combined entity.Yet giving Grubhub shareholders a bigger stake could require DoorDash’s investors to write down the value of their holdings in the company. And that’s the last thing that SoftBank needs, fresh as it is from a year where underperforming investments such as Uber and troubled coworking-space trailblazer WeWork already prompted a $4.9 billion writedown. SoftBank is one of DoorDash’s biggest investors.A combination with Uber Eats is the best alternative to DoorDash. But SoftBank again might create difficulties. If push came to shove, it’s more likely to favor an Uber Eats-DoorDash tie-up, rather than continuing to back two companies fighting each other for customers and restaurants.Which leaves Postmates, the San Francisco-based firm which delivers everything from groceries to pizza and just expanded beyond food with an alliance with retailer Old Navy. It’s the less attractive solution for Grubhub, which would have to be the acquirer, and would be unlikely to add the scale needed to compete effectively. But such a combination does have some industrial logic — adding Postmates’s network of couriers to Grubhub’s restaurants — and is less likely to raise the hackles of antitrust regulators.Were SoftBank not at the table, a combination with DoorDash or Uber Eats would make the most sense. But as it stands, Grubhub could be left fighting for the scraps.To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2020 Bloomberg L.P.