GrubHub (GRUB) Stock Rating Lowered by Zacks Investment Research

Man Group plc boosted its position in shares of GrubHub by 67.2% in the third quarter. Man Group plc now owns 9,020 shares of the information …

GrubHub logoGrubHub (NYSE:GRUB) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday.

According to Zacks, “Grubhub’s fourth-quarter 2018 results were negatively impacted by higher marketing expenses due to planned expansion into new delivery markets. As these markets will take some time to generate volumes, higher upfront costs will hurt profitability. The company expects to continue expansion in 2019, but at a slower rate. Moreover, intensifying competition from the likes of UberEats doesn’t bode well. However, Grubhub is well poised on the back of an efficient delivery network and new quality-focused restaurant partners. The company is expected to benefit from an increase in active diner base due to product improvements, better restaurant selection and expansion into new markets. Shares have outperformed the industry in the past year.”

Several other research analysts have also issued reports on the stock. Stifel Nicolaus raised shares of GrubHub from a “hold” rating to a “buy” rating and reduced their target price for the company from $140.00 to $125.00 in a research note on Friday, October 26th. TheStreet lowered shares of GrubHub from a “b” rating to a “c+” rating in a research note on Monday, October 29th. Goldman Sachs Group raised shares of GrubHub from a “buy” rating to a “conviction-buy” rating in a research note on Friday, October 26th. Roth Capital reduced their target price on shares of GrubHub from $130.00 to $110.00 and set a “neutral” rating on the stock in a research note on Friday, October 26th. Finally, Credit Suisse Group raised shares of GrubHub from a “neutral” rating to an “outperform” rating and raised their target price for the company from $125.00 to $130.00 in a research note on Monday, January 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $119.82.

NYSE:GRUB traded down $0.13 during mid-day trading on Wednesday, reaching $82.34. 378,965 shares of the company were exchanged, compared to its average volume of 3,834,967. GrubHub has a 12 month low of $66.62 and a 12 month high of $149.35. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.20. The firm has a market cap of $7.48 billion, a P/E ratio of 66.94, a P/E/G ratio of 4.41 and a beta of 1.27.

GrubHub (NYSE:GRUB) last issued its quarterly earnings data on Thursday, February 7th. The information services provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. GrubHub had a net margin of 7.79% and a return on equity of 8.43%. The firm had revenue of $287.72 million for the quarter, compared to analyst estimates of $290.43 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The company’s revenue was up 40.3% on a year-over-year basis. As a group, equities analysts predict that GrubHub will post 0.84 earnings per share for the current fiscal year.

In related news, CTO Maria Belousova sold 2,752 shares of GrubHub stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $74.72, for a total transaction of $205,629.44. Following the transaction, the chief technology officer now owns 857 shares of the company’s stock, valued at approximately $64,035.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 9,801 shares of company stock worth $773,267 in the last three months. 1.59% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in GRUB. Pelham Capital Ltd. raised its holdings in shares of GrubHub by 17.1% in the fourth quarter. Pelham Capital Ltd. now owns 2,277,607 shares of the information services provider’s stock valued at $174,943,000 after purchasing an additional 332,443 shares during the last quarter. Man Group plc boosted its position in shares of GrubHub by 67.2% in the third quarter. Man Group plc now owns 9,020 shares of the information services provider’s stock valued at $1,250,000 after acquiring an additional 3,624 shares during the period. Stevens Capital Management LP boosted its position in shares of GrubHub by 60.7% in the third quarter. Stevens Capital Management LP now owns 18,717 shares of the information services provider’s stock valued at $2,595,000 after acquiring an additional 7,073 shares during the period. Three Peaks Capital Management LLC bought a new stake in shares of GrubHub in the third quarter valued at about $2,529,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of GrubHub in the third quarter valued at about $270,000. 92.63% of the stock is currently owned by institutional investors and hedge funds.

About GrubHub

GrubHub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.

Further Reading: Analyst Ratings Trading

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Analyst Recommendations for GrubHub (NYSE:GRUB)

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Restaurant Delivery/Takeout Software Market Expected to Grow Exponentially by 2025 Industry …

… by 2025 Industry Analysis by Uber Eats, Postmates, Grubhub, Swiggy, Zomato, DoorDash, Seamless, Amazon Restaurants, delivery.com, Olo.
Restaurant Delivery/Takeout Software Market

Restaurant Delivery/Takeout Software Market

Global Restaurant Delivery/Takeout Software Market Size, Status and Forecast 2018-2025 Report presents the worldwide Restaurant Delivery/Takeout Software Market analysis with in depth study of manufacturers, region, type and application and its future scope in the industry till 2025.

The new report on the global Business Intelligence Platform market provides key insights into the Business Intelligence Platform market. The market report is ideal for customers looking to gain actionable insights into the market which can assist them in furthering their business. The global report provides a detailed analysis of all the parameters within the Business Intelligence Platform market.

Get Sample PDF of this report at: decisionmarketreports.com/request-sample?productID=1014289

The market report pegs the global Business Intelligence Platform market at US$ XX million at the end of 2017 and shall keep a good CAGR of XX% throughout the forecast period. The global report covers the forecast period from 2017 – 2023. At the end of the forecast period, the Business Intelligence Platform market is projected to reach the value of US$ XX million.

Various factors affecting the forecasted trend in the Business Intelligence Platform market are discussed in detail with analysis of the same. The global market report covers all the drivers, trends, and challenges in the market within the analysis and for the elucidation of the forecast statistics. Furthermore, the global market report is dissected and analysed across its various segments such as by product type, by application, by end users, and by region.

This report focuses on the global Restaurant Delivery/Takeout Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Restaurant Delivery/Takeout Software development in United States, Europe and China.

The following manufacturers are covered in this report, with sales, revenue, and market share for each company: Uber Eats, Postmates, Grubhub, Swiggy, Zomato, DoorDash, Seamless, Amazon Restaurants, delivery.com, Olo and others.

o Market size by Product –

• Cloud Based

• Web Based

o Market size by End User/Applications –

• Large Enterprises

• SMEs

o Market size by Region

• North America

• Europe

• China

• Japan

• Southeast Asia

• India

• Central & South America

o The study objectives of this report are:

• To analyze global Restaurant Delivery/Takeout Software status, future forecast, growth opportunity, key market and key players.

• To present the Restaurant Delivery/Takeout Software development in United States, Europe and China.

• To strategically profile the key players and comprehensively analyze their development plan and strategies.

• To define, describe and forecast the market by product type, market and key regions.

Continue Reading the Full Report at: decisionmarketreports.com/market-reports/1014289/global-r…

Table of Contents:

1 Report Overview

1.1 Study Scope

1.2 Key Market Segments

1.3 Players Covered

1.4 Market Analysis by Type

1.4.1 Global Restaurant Delivery/Takeout Software Market Size Growth Rate by Type (2013-2025)

1.5 Market by Application

1.5.1 Global Restaurant Delivery/Takeout Software Market Share by Application (2013-2025)

1.6 Study Objectives

1.7 Years Considered

2 Global Growth Trends

2.1 Restaurant Delivery/Takeout Software Market Size

2.2 Restaurant Delivery/Takeout Software Growth Trends by Regions

2.2.1 Restaurant Delivery/Takeout Software Market Size by Regions (2013-2025)

2.2.2 Restaurant Delivery/Takeout Software Market Share by Regions (2013-2018)

2.3 Industry Trends

2.3.1 Market Top Trends

2.3.2 Market Drivers

2.3.3 Market Opportunities

3 Market Share by Key Players

3.1 Restaurant Delivery/Takeout Software Market Size by Manufacturers

3.1.1 Global Restaurant Delivery/Takeout Software Revenue by Manufacturers (2013-2018)

3.1.2 Global Restaurant Delivery/Takeout Software Revenue Market Share by Manufacturers (2013-2018)

3.1.3 Global Restaurant Delivery/Takeout Software Market Concentration Ratio (CR5 and HHI)

3.2 Restaurant Delivery/Takeout Software Key Players Head office and Area Served

3.3 Key Players Restaurant Delivery/Takeout Software Product/Solution/Service

3.4 Date of Enter into Restaurant Delivery/Takeout Software Market

3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Type and Application

4.1 Global Restaurant Delivery/Takeout Software Market Size by Type (2013-2018)

4.2 Global Restaurant Delivery/Takeout Software Market Size by Application (2013-2018)

5 United States

6 Europe

7 China

8 Japan

9 Southeast Asia

10 India

11 Central & South America

12 International Players Profiles

12.1 Uber Eats

12.1.1 Uber Eats Company Details

12.1.2 Company Description and Business Overview

12.1.3 Restaurant Delivery/Takeout Software Introduction

12.1.4 Uber Eats Revenue in Restaurant Delivery/Takeout Software Business (2014-2019)

12.1.5 Uber Eats Recent Development

12.2 Postmates

12.3 Grubhub

12.4 Swiggy

12.5 Zomato

13 Market Forecast 2018-2025

13.1 Market Size Forecast by Regions

13.9 Market Size Forecast by Product (2018-2025)

13.10 Market Size Forecast by Application (2018-2025)

In this study, the years considered to estimate the market size of Restaurant Delivery/Takeout Software are as follows:

History Year: 2013-2017

Base Year: 2017

Estimated Year: 2018

Forecast Year 2018 to 2025

For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

About Us:

Decision Market Reports is a one-stop solution, covers market research studies of all the industries, companies and regions. DMR aims at providing quality research, and insights about every market to help our clients in taking right decisions. Our repository consists of most trending industry reports, niche areas, and leading company profiles. A comprehensive collection of reports is updated daily to offer hassle-free access to our latest updated report databases.

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Decision Market Reports,

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Las Vegas,

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Email: sales@decisionmarketreports.com

This release was published on openPR.

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DoorDash nears $7B valuation with new funding, WSJ reports

DoorDash is reportedly in the process of raising $500 million, which would bring its valuation close to $7 billion, according to the Wall Street Journal.

Dive Brief:

  • DoorDash is reportedly in the process of raising $500 million, which would bring its valuation close to $7 billion, according to the Wall Street Journal. ​Temasek Holdings, Singapore’s state investment firm, is expected to head up this latest funding round.
  • The new valuation brings the third-party delivery provider up four to five times as high as its valuation in March of last year, when it was worth $1.4 billion. Its valuation climbed to $4 billion in August.
  • DoorDash amassed a market share of 18% last year and its growth outpaced all other U.S. delivery rivals, per research from Edison Trends Report. But Grubhub is still top dog in the segment, boasting 34% of total revenue in the online American food delivery space.

Dive Insight:

Despite disappointing earnings from top third-party provider Grubhub, investors are still very keen on the food delivery segment, which could reach $3 billion in revenue by 2023 and make up 30% to 40% of restaurant sales in the coming years. Grubhub still garners over a third of restaurant delivery market share, but competition from the likes of Uber Eats, DoorDash and Postmates — as well as increased costs and expenses — helped stifle growth of its bottom line, according to The Motley Fool.

In this competitive space, a huge valuation would better position DoorDash ahead of a potential IPO, especially with top competitors also looking to go public. Uber, which owns Uber Eats, is reportedly worth $120 billion (a large chunk of which is its ride-sharing business) ahead of its IPO, despite its inability to generate a profit. Postmates, which filed for an IPO confidentially last week, is worth $1.85 billion after raising $100 million earlier this year. Grubhub is worth about $11 billion, according to Bloomberg.

DoorDash has been making big moves to garner more market share, expanding to all 50 states in January, starting a nationwide ad campaign and growing from 600 markets to 3,000 in 2018 — which was driven by over $700 million in investments raised last year. It now partners with 90% of the top 100 restaurant brands.

The next few years could be interesting for the top five delivery providers. Analysts previously told Restaurant Dive consolidation is expected to occur, especially as large providers eye small players struggling to increase revenue in an overcrowded segment.

Grubhub has already been an aggressive acquirer, buying Yelp’s Eat24, Foodler and OrderUp in 2017. It also acquired Tapingo, a delivery service for college campuses, last year and acquired Seamless several years ago. Waitr, which is also on the NYSE, completed its acquisition of Bite Squad in January.

With DoorDash turning its focus to the national stage, it could very well gobble up a smaller company. This would be even more likely if it becomes a public entity as there would be additional pressure from investors to continuously grow. It was previously rumored to be in initial talks to merge with Postmates, allowing for the companies to become more competitive. But with Postmates pushing for IPO, that deal appears to be off the table, at least for now.

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GrubHub Inc (NYSE:GRUB) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its position in shares of GrubHub Inc (NYSE:GRUB) by 400.0% in the 3rd quarter, according to the company …

GrubHub logoRenaissance Technologies LLC boosted its position in shares of GrubHub Inc (NYSE:GRUB) by 400.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,500 shares of the information services provider’s stock after acquiring an additional 10,000 shares during the period. Renaissance Technologies LLC’s holdings in GrubHub were worth $1,733,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of GRUB. Lansdowne Partners UK LLP raised its holdings in GrubHub by 15.3% in the 3rd quarter. Lansdowne Partners UK LLP now owns 2,345,631 shares of the information services provider’s stock worth $325,153,000 after purchasing an additional 310,959 shares in the last quarter. First Trust Advisors LP grew its position in shares of GrubHub by 7.9% in the 3rd quarter. First Trust Advisors LP now owns 1,934,683 shares of the information services provider’s stock worth $268,186,000 after buying an additional 141,266 shares during the period. FMR LLC grew its position in shares of GrubHub by 3.4% in the 2nd quarter. FMR LLC now owns 1,361,927 shares of the information services provider’s stock worth $142,880,000 after buying an additional 44,626 shares during the period. Janus Henderson Group PLC grew its position in shares of GrubHub by 1.2% in the 3rd quarter. Janus Henderson Group PLC now owns 536,775 shares of the information services provider’s stock worth $74,408,000 after buying an additional 6,157 shares during the period. Finally, Baird Financial Group Inc. grew its position in shares of GrubHub by 0.8% in the 3rd quarter. Baird Financial Group Inc. now owns 533,633 shares of the information services provider’s stock worth $73,311,000 after buying an additional 4,296 shares during the period. 92.63% of the stock is owned by institutional investors.

Shares of GRUB opened at $78.08 on Tuesday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.20. GrubHub Inc has a 1 year low of $66.62 and a 1 year high of $149.35. The company has a market cap of $7.81 billion, a price-to-earnings ratio of 63.48, a P/E/G ratio of 2.36 and a beta of 1.27.

GrubHub (NYSE:GRUB) last announced its quarterly earnings data on Thursday, February 7th. The information services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. GrubHub had a net margin of 7.79% and a return on equity of 8.43%. The business had revenue of $287.72 million during the quarter, compared to analyst estimates of $290.43 million. During the same period last year, the firm posted $0.37 EPS. The company’s revenue was up 40.3% on a year-over-year basis. Analysts forecast that GrubHub Inc will post 1.42 earnings per share for the current fiscal year.

Several brokerages recently commented on GRUB. Credit Suisse Group increased their price objective on shares of GrubHub from $121.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, October 24th. Goldman Sachs Group raised shares of GrubHub from a “buy” rating to a “conviction-buy” rating in a research report on Friday, October 26th. Canaccord Genuity set a $140.00 target price on shares of GrubHub and gave the company a “buy” rating in a research note on Friday, October 26th. DA Davidson upgraded shares of GrubHub from a “neutral” rating to a “buy” rating and upped their target price for the company from $115.00 to $120.00 in a research note on Friday, October 26th. They noted that the move was a valuation call. Finally, Stifel Nicolaus upgraded shares of GrubHub from a “hold” rating to a “buy” rating and lowered their target price for the company from $140.00 to $125.00 in a research note on Friday, October 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. GrubHub has an average rating of “Buy” and a consensus price target of $119.82.

In related news, CTO Maria Belousova sold 819 shares of the firm’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $81.49, for a total value of $66,740.31. Following the completion of the transaction, the chief technology officer now directly owns 857 shares of the company’s stock, valued at $69,836.93. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders sold 9,801 shares of company stock valued at $773,267. 1.59% of the stock is currently owned by insiders.

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About GrubHub

GrubHub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.

See Also: Hedge Funds

Institutional Ownership by Quarter for GrubHub (NYSE:GRUB)

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Uber eats expects to deliver $10 billion worth of food this year

“When I first joined Uber, I think Uber was much more associated with … The success of Uber Eats and other food delivery services is due to the fact …

Uber was created 10 years ago to make ridesharing and cab hailing a breeze for people in major cities. Now you can catch a lift practically anywhere and even have a driver (or drone) deliver you something to eat from a five-star restaurant – or McDonald’s and Starbucks. Food delivery may have been an afterthought at the time of the transit company’s conception, but now Uber Eats is one of the most successful services in the business.

10 Ways to Get Same-Day Groceries Delivered

The San Francisco-based company now projects it will deliver $10 billion worth of food around the world this year, which is over $6 billion more than last year. Uber Eats – which debuted in Toronto in 2015 – ranks second to market leader Grubhub (the same company as Seamless) and above Postmates, DoorDash and Caviar, according to Forbes.

“When I first joined Uber, I think Uber was much more associated with ride-hailing and Eats was this interesting part-time endeavor,” Uber CEO Dara Khosrowshahi told the outlet. “It has since exploded, in a good way, into a truly significant business.”

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