Concerns about tougher competition, higher spending, and lofty valuations are weighing down this high-growth stock. Shares of Grubhub (GRUB) tumbled 12% on Oct. 25 after the company released its third quarter earnings report.
Full Answer
What happened to Grubhub's NYSE stock?
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...
What does the Grubhub-Just Eat takeaway merger mean for investors?
Jun 15, 2021 · Grubhub (GRUB) stock: Why it dropped 6/15/2021 KEY POINTS Producer Price Index Supports Inflation Fears as The Market Closes in the Red One Day After a 19% Drop, Lordstown Motors (RIDE) Stock Price Jump Was Short-Lived Just Eat Takeaway.com (TKAYF) Creates a Global Food Delivery Giant with the Acquisition of GrubHub (GRUB) OVERALL MARKET
What happened to New Just Eat takeaway shares?
May 28, 2021 · As of Mar 31, 2021, cash and cash equivalents (including short-term investments) were $404.7 million compared with $413.4 million as of Dec 31, 2020. ... Grubhub Inc. (GRUB): Free Stock Analysis ...
Why choose just eat and GrubHub?
Jun 11, 2021 · Here's Why Ford Motor (NYSE:F) Has A Meaningful Debt Burden Dec 1, 2021 One Clearway Energy, Inc. (NYSE:CWEN.A) insider upped their stake by 8.7% in the previous year Feb 3, 2022 Market Makers
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
What is Grubhub stock worth?
- OTC:GRUB - Stock Quote & News - TheStreet....Grubhub, Inc. (GRUB)Prev Close5.84Day Low/High5.65 / 5.8752 Wk Low/High5.57 / 22.26Volume290.67K1 more row
Did Grubhub get bought out?
Amsterdam-based Just Eat Takeaway (JET) on Tuesday completed its acquisition of Chicago-based Grubhub in a $7.3 billion, all-stock transaction that makes the combined entity one of the largest food delivery companies in the world, with primary operations in the U.S., Germany, the U.K., Canada and the Netherlands.Jun 15, 2021
Is Grubhub owned by just eat?
Just Eat bought Grubhub for $7.3 billion at the time, and its market value now sits at about $5.8 billion.2 days ago
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
What company did Grubhub buy?
Grubhub completed the acquisition of AllMenus that month. MenuPages was acquired by Seamless in September 2011. DiningIn, an online ordering and food delivery company based in Brighton, Massachusetts, was acquired by Grubhub in February 2015.
Who just acquired Grubhub?
Just Eat Takeaway.com N.V.(NYSE: GRUB) ("Grubhub"), a leading online and mobile food-ordering and delivery marketplace, today announced that its stockholders overwhelmingly approved the proposals necessary to complete the proposed acquisition by Just Eat Takeaway.com N.V. ("Just Eat Takeaway.com") of 100% of the shares of Grubhub in an all- ...Jun 10, 2021
Who did Grubhub merge with?
Just Eat TakeawayYum! Brands took a $200 million stake in Grubhub in February 2018. In the wake of negotiations breaking down with Uber, Grubhub will merge with Just Eat Takeaway, a third-party delivery provider based in Europe, for an estimated $7.3 billion.
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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.
Who is the CEO of Just Eat Takeaway?
Jitse Groen, CEO and founder of Just Eat Takeaway, noted that the new company is the market leader in Europe, Canada, and Australia, and will also have a strong position in important U.S. markets. GrubHub founder Matt Maloney expressed his excitement about starting a new chapter in GrubHub’s story with the “global leadership and experience ...
Where is Just Eat Takeaway located?
Article continues below advertisement. Just Eat Takeaway.com, headquartered in the Netherlands, serves European markets such as France and Belgium, along with Israel, Australia, and New Zealand. This week, Just Eat Takeaway acquired 100 percent of GrubHub stock in a $7.3 billion all-share combination.
What is the loss of Grubhub in 2021?
Grubhub reported a loss of 56 cents per share in first-quarter 2021. The company had reported break-even loss in the year-ago quarter. Markedly, the Zacks Consensus Estimate for earnings was pegged at 3 cents per share.#N#Revenues surged 52% year over year to $550.6 million, beating the consensus mark by 6.3%.#N#Gross Food Sales (GFS) jumped 60% year over year to $1.6 billion. Active diners were 33 million, up 38% year over year. Daily Average Grubs (DAGs) were 745,700, up 44% year over year.#N#The company’s capture rate, net revenues divided by gross food sales, remained flat sequentially at 21%.#N#Adjusted EBITDA loss was $9 million or 14 cents per order against adjusted EBITDA of $31 million or 52 cents per order.#N#Revenues excluding operations and support costs were $2.34 per order, down from the last quarter’s $3.05.#N#Markedly, in June 2020, Grubhub announced its acquisition by Just Eat Takeaway.com that will create the largest and the only profitable online food marketplace outside of China. Due to the pending acquisition, the company didn’t issue any forward-looking guidance.
When did Zacks discover earnings estimate revisions?
In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com. Learn More.
What companies are under attack for anticompetitive practices?
Facebook, Amazon, Apple, Google and other big tech companies are under attack for their "anticompetitive" practices, with bipartisan legislation and lawsuits in the works to target monopolistic behavior. 1 day ago.
When is the next AGM 2021?
Shareholders will have a chance to take their concerns to the board at the next AGM on 18 June 2021 and vote on resolutions including executive compensation, which studies show may have an impact on company performance.
What is the loss to shareholders over the past three years?
The loss to shareholders over the past three years is certainly concerning and possibly has something to do with the fact that the company's earnings haven't grown. The upcoming AGM will provide shareholders the opportunity to revisit the company’s remuneration policies and evaluate if the board’s judgement and decision-making is aligned with that of the company’s shareholders.
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.