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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 1Q17 results, reporting revenue of $156.1 million—a rise of 39% YoY (year-over-year). The company’s EPS (earnings per share) rose from $0.20 in 1Q16 to $0.29 in 1Q17. Analysts expected the firm to post revenue of $153 million, with EPS of $0.24. Higher share prices are expected for this sock.
52-Weeks Trading Range: $21.41 - $45.40
Entry Point: $44.75
Stop Loss: $42.50
Target Price: $49.24
GRUB closed at $42.50
