GrubHub Inc. (GRUB) stock prices updated...
 

GrubHub Inc. stock price

GrubHub Inc. latest news:


  • 02/08/2018 16:38:44

    U.S. judge says Grubhub driver was independent contractor

    Feb 8 (Reuters) - A U.S. judge in San Francisco on Thursday said a former Grubhub Inc delivery driver was an independent contractor and not the company's employee, in the first case of its kind against a "gig economy" company that went to trial.

  • 02/08/2018 10:36:28

    GrubHub shares rise after Yum Brands picks up stake

    - GrubHub Inc shares surged 36 percent on Thursday after Yum Brands Inc bought a 3 percent stake in the online food delivery company, giving it funds and an established partner to compete with Amazon and Uber. The stake, worth $200 million, values GrubHub at about $6.7 billion, roughly 10 percent higher than the company's market capitalization on Wednesday.

  • 02/08/2018 10:34:34

    UPDATE 3-GrubHub shares rise after Yum Brands picks up stake

    * Yum Brands to buy stake in co for $200 mln (Recasts, adds CEO and analyst comment, details on Yum deal)

  • 02/08/2018 06:41:07

    Grubhub shares rocket 25% as analyst says Yum deal 'is a major win'

    Shares of Grubhub Inc. shot up more than 25% in premarket trade Thursday, after the company announced a partnership with Yum Brands Inc. , under which Yum will acquire $200 million of its shares. The deal is aimed at driving online sales and delivery to Yum's restaurants, including KFC and Taco Bell. "This will be an exclusive partnership, and according to the release, Grubhub will be integrated into the POS," said Mizuho analysts. "This is a major win for Grubhub as it will likely be accompanied by a joint marketing campaign during the roll-out phase." Stifel analysts agreed that the deal is a big win for Grubhub "and potentially a hit to its competitors in restaurant delivery." Shares have gained 75% in the last 12 months, while the S&P 500 has gained 17%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/08/2018 06:03:24

    Yum Brands shares jump after earnings beat consensus

    Yum Brands Inc. brands shares jumped 4.8% in Thursday premarket trading after the fast-food company reported fourth-quarter earnings that beat consensus. Yum Brands' portfolio includes the Taco Bell, Pizza Hut and KFC chains. Net income for the quarter totaled $436.0 million, or $1.26 per share, up from $303.0 million, or 83 cents per share, for the same period last year. Earnings excluding special items was 96 cents per share. Revenue totaled $1.58 billion, down from $1.89 billion last year. The FactSet consensus was for EPS of 80 cents and sales of $1.59 billion. Global same-store sales rose 2%, with a 3% jump at KFC, 1% rise at Pizza Hut, and 2% growth at Taco Bell. Yum also announced a partnership with GrubHub Inc. early Thursday. Yum shares are down 1.2% for the last three months, but up 20.3% for the past 12 months. The S&P 500 index is up nearly 17% for the last year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/08/2018 05:43:59

    GrubHub reports revenue beat, better-than-expected outlook

    Shares of GrubHub Inc. gained 0.4% in premarket trading after the company reported better-than-expected revenue and announced a partnership with Yum Brands Inc , while earnings missed expectations. Net income rose to $53.5 million for the fourth quarter from $13.6 million a year ago, while earnings per share increased to 60 cents from 16 cents. On an adjusted basis, GrubHub reported net income of $33.3 million or 37 cents a share, up from $19.8 million and 23 cents per share, respectively. Those adjusted metrics came up short of analysts expectations for net income of $27.6 million and per-share earnings of 31 cents, according to FactSet. Revenue of $205.1 million for the quarter rose $137.5 million and came in ahead of estimates for $201.7 million. Active diners totaled 14.5 million, up from 8.2 million a year earlier. The company expects revenue for the first quarter to be between $224 million and $232 million; analysts had been expecting $226.7 million. "Over the past two years we have taken incredible strides in expanding the breadth and depth of our restaurant network, growing the number of local restaurants we work with from 40,000 to over 80,000 today," CEO Matt Maloney said in a release. "The partnership with Yum! which we announced this morning will accelerate the expansion of our delivery network and amplify our diner acquisition efforts, raising consumer awareness of online ordering and driving more volume for all restaurants across our platform." GrubHub also has a partnership with Yelp Inc. Shares of the food-delivery platform are up 75% over the past 12 months, while the S&P 500 Index has gained 17%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 02/08/2018 05:22:10

    Yum Brands shares jump after earnings and sales beat consensus

    Yum Brands Inc. brands shares jumped 4.8% in Thursday premarket trading after the fast-food company reported fourth-quarter earnings and sales that beat consensus. Yum Brands' portfolio includes the Taco Bell, Pizza Hut and KFC chains. Net income for the quarter totaled $436.0 million, or $1.26 per share, up from $303.0 million, or 83 cents per share, for the same period last year. Earnings excluding special items was 96 cents per share. Revenue totaled $1.58 billion, down from $1.89 billion last year. The FactSet consensus was for EPS of 80 cents and sales of $1.59 billion. Global same-store sales rose 2%, with a 3% jump at KFC, 1% rise at Pizza Hut, and 2% growth at Taco Bell. Yum also announced a partnership with GrubHub Inc. early Thursday. Yum shares are down 1.2% for the last three months, but up 20.3% for the past 12 months. The S&P 500 index is up nearly 17% for the last year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/30/2018 09:14:51

    GrubHub stock drops after Barclays cautions on valuation, competitive pressures

    Shares of GrubHub Inc. fell 3.8% in Tuesday morning trading after analysts at Barclays downgraded the stock to underweight from equal weight. The analysts, led by Deepak Mathivanan, like GrubHub's prospects in the long run but worry about the stock's high valuation relative to internet peers and the "incremental competitive risks" brought upon by Uber Technologies Inc.'s and Amazon.com Inc.'s efforts in food delivery. GrubHub shares have performed better than the S&P 500 Index over the past three months, Mathivanan wrote. The stock now trades at 21 times estimates for 2019 earnings before interest, taxes, depreciation and amortization, making it more expensive on that metric than several other internet stocks that Mathivanan tracks. He also thinks that competitor UberEats has been growing nicely over the last year or two. GrubHub shares are up 75% over the past 12 months, with the S&P 500 up 24% in that time.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/25/2018 07:18:07

    Square stock gains after company announces restaurant-delivery acquisition

    Square Inc. shares rose 1.3% in premarket trading Thursday after the company said that it had acquired assets from Entrees On-Trays, a restaurant-delivery service with a presence in the Dallas area. Square said the Entrees On-Trays works with "dozens of the region's most popular restaurants," including Chick-fil-A. Signing on chain restaurants is considered by analysts to be a key growth catalyst for restaurant-delivery firms, as Mizuho's Jeremy Scott wrote in a note about GrubHub Inc. late Wednesday. The Entrees On-Trays acquisition is expected to help Square enhance its Caviar food-delivery offering, which is housed within the company's rapidly growing subscription and services segment. The company hopes to generate traction for the Caviar platform in Dallas by working with some restaurants there to offer "secret off-menu" items that can only be purchased through Caviar. A price for the Entrees On-Trays deal wasn't disclosed. Square shares are up 204% over the past 12 months, while the S&P 500 has gained 23%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/25/2018 06:13:26

    GrubHub to benefit from delivery interest among big restaurant chains: analyst

    GrubHub Inc. shares are little changed in premarket trading Thursday after analysts at Mizuho began coverage of the firm with a buy rating and a $81 price target. "We expect GrubHub to emerge as the primary winner in online delivery over the next decade," wrote the analysts, led by Jeremy Scott, in a note to clients late Wednesday. He believes that the company will benefit from more chain restaurants choosing to get serious about food-delivery efforts. Scott argues that GrubHub's current share price doesn't reflect the firm's strong position in the market, the impacts of the company's acquisition of Yelp Inc.'s Eat24, or the "the accelerated pace of consolidation" in the industry. He sees less private money available for smaller players. Scott also likes that GrubHub has a "singular focus" on restaurant delivery, whereas competitions like Postmates aren't exclusively committed to that vertical. GrubHub shares have gained 70% over the past 12 months, while the S&P 500 is up 23%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 01/09/2018 15:36:32

    BRIEF-GrubHub Says Adam Dewitt Appointed President

    Grubhub Inc(GRUB): * SAYS ADAM DEWITT APPOINTED PRESIDENT - SEC FILING. * - ‍MATTHEW MALONEY NOTIFIED CO HE WILL VACATE HIS POSITION AS PRESIDENT, EFFECTIVE IMMEDIATELY​. * - ‍MALONEY WILL CONTINUE TO SERVE IN CURRENT CAPACITY AS CEO, MEMBER OF BOARD​ Source text for Eikon: Further company coverage:

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