Full Answer
What happened to Grubhub's NYSE stock?
Jun 16, 2021 · In its transaction with Just Eat Takeaway, GrubHub requested that the NYSE delist GRUB stock from the exchange. This resulted in the trading of GRUB shares being suspended at market close on Jun....
What does the Grubhub-Just Eat takeaway merger mean for investors?
Jun 16, 2021 · It's Tuesday, June 15th, 2021. I'm Hoda, Co-founder and CEO of Stock Card. This is what happened in the stock market today in less than 5 minutes. I looked a...
Why choose just eat and GrubHub?
Jun 15, 2021 · Shareholders were issued ADSs (foreign stock tradeable on US exchanges) for Takeaway Just Eat based on their holdings. Takeaway stock will begin trading under GRUB (which has been suspended) as of tomorrow. Don't be alarmed by the price drop. You still own shares of the combined company that is now one of the largest food delivery companies ...
What happened to New Just Eat takeaway shares?
Oct 30, 2019 · Grubhub’s stock plunged more than 40 percent on Tuesday — its worst single-day drop ever— after the food-delivery giant drastically slashed its financial outlook, warning that fierce competition is...
What happened Grubhub stock?
Grubhub parent company Just Eat Takeaway (JET) will no longer be a publicly traded entity in the U.S. The Amsterdam-based delivery provider said Tuesday that it will delist from the Nasdaq stock exchange sometime in the first quarter of 2022.Feb 8, 2022
Why is Grubhub stock low?
The immense competition from companies such as Uber Eats (UBER), Delivery Hero, Postmates, and DoorDash (DASH) caused Grubhub's market share to drop significantly within the last years, with gross margins declining accordingly.Feb 19, 2021
Why did Grubhub fail?
One of the suspected reasons for Grubhub's failure in keeping business was the refusal from leaders to expand its grocery delivery arm or last-mile logistics, both high margin verticals its rivals DoorDash and Uber Eats have both adopted.Aug 9, 2021
What is Grubhub stock worth?
- OTC:GRUB - Stock Quote & News - TheStreet....Grubhub, Inc. (GRUB)Prev Close6.88Day Low/High6.92 / 7.1452 Wk Low/High5.57 / 22.26Volume1.01M1 more row
Is Grub a good stock?
In addition to scoring higher than 36 percent of stocks in the Internet Content & Information industry, GRUB's 29 overall rating means the stock scores better than 29 percent of all stocks. GRUB has an Overall Score of 29. Find out what this means to you and get the rest of the rankings on GRUB!Jun 14, 2021
Who has the largest market share food delivery?
DoorDashDoorDash is Dominating the U.S. Food Delivery MarketBrandU.S. Market Share (2018)U.S. Market Share (2021)DoorDash16%53%Uber Eats26%26%Postmates10%5%Grubhub36%12%1 more row•Mar 24, 2022
Will Uber buy Grubhub?
Uber failed to buy Grubhub, but officially snagged Postmates for $2.65 billion. Postmates will stay a separate app from Uber Eats. It's official: Uber Eats is joining forces with another restaurant food delivery app.Jul 6, 2020
Has Grubhub ever made a profit?
Even with this loss of marketshare, Grubhub has continued to generate more revenue every year since going public. It has climbed from $500 million in 2016 to $1.8 billion in 2020.Jan 11, 2022
Why did Matt Maloney leave Grubhub?
Maloney will step down in December to “pursue other opportunities,” the company said Friday. “Great entrepreneurs like Matt start businesses that touch the lives of millions of people,” Just Eat Takeaway's CEO Jitse Groen said in a statement.Oct 8, 2021
Which is bigger DoorDash or GrubHub?
Not only does Grubhub have wider availability than DoorDash, but it has one of the largest market shares of any food delivery app, working with 85,000 local takeout restaurants in over 1,600 U.S. cities and London. DoorDash, in contrast, is available in a few dozen U.S. cities and Canada.Feb 22, 2022
Is GrubHub owned by Seamless?
Food delivery company Seamless, a subsidiary of Grubhub since 2013 and one of the oldest online ordering services in the U.S., will soon cease to exist as its own brand.Jul 16, 2021
How much did Grubhub invest in marketing?
That's why the company plans to invest an incremental $20 million to $30 million in marketing and the expansion of its delivery network during the fourth quarter. Furthermore, Grubhub announced that its chief operating officer, Stanley Chia, was resigning to become the CEO of another company.
How much will the food delivery market grow in 2022?
The US food delivery market could still grow from $43 billion in 2017 to $76 billion in 2022 according to Cowen analyst Andrew Charles. This means that there's still plenty of room for the market leaders to grow without trampling each other.
Is Grubhub stock rosy?
Grubhub's insiders also don't seem to have a rosy outlook for the company. Over the past 12 months, insiders sold nearly 750,000 shares of the stock, and haven't purchased a single share on the open market. The stock also still trades at over 40 times next year's earnings -- and that multiple could surge higher if analysts slash their estimates.
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WHAT'S UP?
Yesterday’s market recap covered the alarming 19% plunge in price for the automotive company Lordstown Motors (RIDE). This came off the back of dual CFO and CEO resignations. Today, the stock reversed its direction, up by 11% during the trading day and ultimately by 7% in the after-hours session.
WHAT'S DOWN?
If you recall the beginning of the food-delivery gig economy, Grubhub (GRUB) was among the leaders. Fast forward to today, the company caught my eye at the top of today's biggest losers on the winners and losers page. Shares were down more than 68%. However, this price drop doesn’t mean Grubhub is out of the game quite yet.
What happened
Shares of GrubHub (NYSE: GRUB) fell more than 12% on Tuesday, following the release of second-quarter results for the food ordering and delivery service.
So what
Revenue surged 36% year over year to $325 million, fueled by a 20% rise in gross food sales, to $1.5 billion.
Now what
GrubHub is facing intensifying competition from the likes of Uber Eats, DoorDash, and Postmates. Yet Maloney says he remains "excited about the trajectory" of the business.