GrubHub Inc (NYSE:GRUB)
June 14th, 2018
GrubHub Inc closed Thursday up 3.35%, a $3.88 increase to close on $119.86. In addition it hit a new 52 week high of $120.00. The stock continues to trade well at 186% of its 52 week low of $41.92. In addition to finishing higher, trading volumes were solid at 239% of normal which can indicate investors see opportunities.
GRUB outperformed the rest of the Information Technology sector which went up 0.61% today.
Results from 22 analysts suggest that GrubHub Inc might drop somewhat (-8.41%), while Finbox has calculated (with low uncertainty) a fair value price of $103.67.
GrubHub Inc Info
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. The company also provides corporate program that offers employees with various food and ordering options, including options for individual meals, group ordering, and catering, as well as proprietary tools that consolidate various food ordering into a single online account. In addition, it offers Allmenus.com and MenuPages.com, which provide an aggregated database of approximately 650,000 menus from restaurants in 50 states; Grubhub for Restaurants, a responsive Web application that can be accessed from computers and mobile devices, as well as Grubhub-provided tablets; point of sale (POS) integration, which allows restaurants to manage Grubhub orders and update their menus directly from their existing POS system; and Website design and hosting services for restaurants. The company was formerly known as GrubHub Seamless Inc. and changed its name to GrubHub Inc. in February 2014. GrubHub Inc. was founded in 1999 and is headquartered in Chicago, Illinois.
All amounts in USD unless otherwise indicated
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