Long Position on GRUB @ $40.55 on 9/1/2016 (Momentum)

GrubHub Inc. (GRUB) provides an online and mobile platform for restaurant pick-up and delivery orders in the United States.

The company connects approximately 40,000 local restaurants with diners in approximately 1,000 cities.

It operates GrubHub and Seamless Websites through grubhub.com and seamless.com. The company also offers GrubHub and Seamless mobile applications and mobile Websites for iPhone, iPad, Android, iWatch, and Apple TV devices; and Seamless Corporate program that helps businesses address inefficiencies in food ordering and associated billing.

In addition, it provides Allmenus.com and MenuPages, which provide an aggregated database of approximately 380,000 menus from restaurants in 50 states; OrderHub and Boost tools that allows it to monitor orders through the takeout process; and Website design and hosting services for restaurants, as well as delivery services for restaurants on its platform.

Shares have formed a bullish "flag" following the company's latest quarterly report. The firm reported EPS of 23 cents, 4 cents above the estimates. Revenues of $120.17 million also beat the estimates. Higher share prices are expected for this stock.

52-Weeks Trading Range: $17.77 - $40.94

Entry Point: $40.55

Stop Loss: $38.50

Target Price: $44.60

Updates

10/17/2016 11:00:38 AM

GRUB closed at $41.65

Position closed on 10/17/2016 at price of $41.65 with a 2.71% gain in 46 days.

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