Type
|
Public |
---|---|
Traded as | NYSE: GRUB |
Industry | Online platform for restaurant pick-up and delivery |
Founder | Michael "Mike" Evans and Matthew Mayer "Matt" Maloney |
Headquarters | Chicago, Illinois, U.S. |
Area served
|
United States |
Key people
|
Matthew Mayer "Matt" Maloney, Chief Executive Officer and President Brian McAndrews, Chairman of the Board |
Revenue | $493.331 million (2016) |
Net income
|
$49.557 million (2016) |
Total assets | $1.198 billion (2016) |
Website | www |
Grubhub is an online and mobile food-ordering company that connects diners with local restaurants. Based in Chicago, the company has more than 9.18 million active diners, and more than 55,000 restaurant partners in over 1,100 cities across the United States and the United Kingdom.
In 1999, Seamless was founded by two lawyers, Jason Finger and an associate, fed up with out-of-date paper menus. In 2004, Grubhub was founded by Matthew Maloney and Michael Evans, two web developers looking for an alternative to paper menus.
In 2013, Grubhub and Seamless merged. The combined organization, Grubhub, went public in April 2014 and trades on the New York Stock Exchange (NYSE) under the ticker symbol "GRUB".
Grubhub's executives include:
As of Q2 2017, the company processes more than 313,900 orders/day and has 9.18 million active diners.
Grubhub's portfolio of brands includes OrderUp, Seamless, AllMenus, MenuPages, Restaurants on the Run, DiningIn, Delivered Dish, and LAbite. Diners who order through Grubhub's website or mobile apps—for iOS and Android devices—can pay with cash, credit or PayPal. Seamless is an online and mobile food ordering platform that connects diners with local restaurants. It serves consumer diners as well as corporate businesses in the U.S. and London.
MenuPages was acquired by Seamless in September 2011. Allmenus was acquired by Grubhub in September 2011. DiningIn, an online ordering and food delivery company based in Brighton, Massachusetts, was acquired by Grubhub in February 2015. DiningIn operates in Boston, Chicago, Dallas, Philadelphia, and the Twin Cities. Restaurants on the Run, a corporate food delivery company based in Aliso Viejo, California, was acquired by Grubhub in February 2015, operating in Orange County, San Diego, Inland Empire, Los Angeles, San Francisco, Las Vegas, Seattle, Houston, Tulsa & Chicago.
In December 2015, Grubhub acquired Delivered Dish, a restaurant delivery service in seven markets across the Pacific Northwest and Southwest, including Denver, Las Vegas, San Diego, Portland, El Paso, and Albuquerque. LAbite, one of the largest restaurant delivery services in the U.S., was acquired by Grubhub in May 2016. Most of LAbite's volume comes from the Greater Los Angeles area.
In August 2017, Grubhub entered into an agreement to acquire Eat24 from Yelp for $287.5 million, subject to regulatory review.
Chicago-based Grubhub was founded in 2004 by Mike Evans and Matt Maloney, looking for an alternative to paper menus. Two years later, in 2006, Maloney and Evans won first place in the University of Chicago Booth School of Business's Edward L. Kaplan New Venture Challenge with the business plan for Grubhub.
In November 2007, Grubhub secured $1.1 million in Series A funding (led by Amicus Capital and Origin Ventures), which enabled market expansion into San Francisco and New York.
In March 2009, Grubhub earned $2 million in Series B funding, led by Origin Ventures and Leo Capital, which was followed by $11 million in Series C funding, led by Benchmark Capital in November 2010. $20 million in Series D funding was raised (led by DAG Ventures) in March 2011.
In September 2011, Grubhub secured $50 million in Series E funding and acquired New York-based competitor Dotmenu, the parent company of Allmenus and Campusfood. In December 2015, Grubhub acquired Delivered Dish, a restaurant delivery service in seven markets across the Pacific Northwest and Southwest, including Denver, Las Vegas, San Diego, Portland, El Paso and Albuquerque. LAbite, a Los Angeles-based restaurant delivery service, was acquired by Grubhub in May 2016.
In 1999, New York lawyer Jason Finger founded SeamlessWeb to provide companies with a web-based system for ordering food from restaurants and caterers. Six years later, in 2005, SeamlessWeb introduced a free ordering service to consumer diners to complement the existing corporate-ordering service. In April 2006, SeamlessWeb was acquired by Aramark and integrated into its Food, Hospitalities, and Facilities segment.
Jonathan Zabusky was named President of Seamless in 2009, and by June 2011, Seamless was re-privatized, as Boston-based Spectrum Equity Associates invested $50 million for a minority stake in the company from Aramark. The company then changed its name from SeamlessWeb to Seamless.
In September 2011, Seamless acquired MenuPages, and in February 2012, Seamless introduced the industry's first iPad app.
In May 2013, Grubhub and Seamless announced that they were merging, with Seamless representing 58% of the equity and GrubHub representing 42% of the equity of the combined business; the merger was finalized in early August 2013.
Grubhub went public in April 2014 and trades on the New York Stock Exchange (NYSE) under the ticker symbol "GRUB".
In June 2014, Grubhub began offering delivery to restaurants that don't operate their own delivery service. The company is now delivering in more than 50 markets across the U.S. (publicly announced markets include Atlanta, Phoenix, Philadelphia, Los Angeles, San Francisco/Bay Area, D.C., Southeast Florida, Portland, Denver, Pittsburgh, Detroit, San Diego, Brooklyn/Queens (NYC), Chicago and Las Vegas). More than 5,000 restaurants are now using Grubhub delivery.
Grubhub's UK competitors are Deliveroo, Just Eat, and Hungryhouse. In the US, its competitors include UberEATS, Postmates, and Amazon Restaurants.
On November 10, 2016, after the victory of President-elect Donald Trump in the general election, Grubhub President and CEO Matt Maloney, sent a company-wide memo to employees saying that he rejected "nationalist, anti-immigrant and hateful politics of Donald Trump". The Washington Times reported that Maloney "unleashed a political screed after the Nov. 8 election and said that those who disagree with its [the majority of the company personnel's] anti-Trump views should resign."
After a Twitter boycott campaign was initiated, Maloney later claimed his words were "misconstrued", adding "I want to clarify that I did not ask for anyone to resign if they voted for Trump. I would never make such a demand. To the contrary, the message of the email is that we do not tolerate discriminatory activity or hateful commentary in the workplace, and that we will stand up for our employees." In a tweet that was later deleted, Maloney added: "To be clear, Grubhub does not tolerate hate and we are proud of all our employees - even those who voted for Trump." By Thursday night, the hashtag #BoycottGrubHub was trending on Twitter.
On November 11, 2016, after the controversy, the company's shares dropped 5.93%.
CEO Matt Maloney, in addition to other Grubhub Inc. executives, sells shares on a schedule throughout the year.
On October 24, 2016, Matt Maloney (the company's President/CEO) sold 14,491 shares of the stock at an average price of $43.55, for a total value of $631,083.05.
On November 7, Maloney sold 14,491 shares of the company's stock at a price of $37.80, for a total transaction of $547,759.80 in personal profit. Following the sales, Maloney now directly owns 1,649 shares of the company stock, valued at approximately $62,332.20. The transaction was disclosed in a filing with the Securities & Exchange Commission.
On December 21, 2016, Maloney sold 14,491 shares at $37.46 per share price, according to the Form-4 filing with the securities and exchange commission.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q2 2021 | 2021-07-28 | Future report Set alerts | |
Q1 2021 | 2021-04-28 | -0.56 | -0.56 |
Q4 2020 | 2021-02-03 | -0.41 | -0.41 |
Q3 2020 | 2020-10-28 | 0.00 | 0.00 |
Q2 2020 | 2020-07-30 | -0.17 | -0.49 |
Q1 2020 | 2020-05-06 | 0.00 | -0.36 |
Q4 2019 | 2020-02-05 | -0.05 | -0.30 |
Q3 2019 | 2019-10-28 | 0.27 | 0.01 |
Q2 2019 | 2019-07-30 | 0.27 | 0.01 |
Q1 2019 | 2019-04-25 | 0.30 | 0.07 |
2016-07-08 | Initiated Coverage | Wedbush | Outperform | $40.00 |
2016-06-22 | Boost Price Target | Mizuho | Buy | $28.00 to $33.00 |
2016-06-06 | Upgrade | Monness Crespi & Hardt | Neutral to Buy | $33.00 |
2016-06-03 | Initiated Coverage | Maxim Group | Buy | $33.00 |
2016-05-14 | Reiterated Rating | Morgan Stanley | Hold | |
2016-05-10 | Boost Price Target | Cowen and Company | Positive | $20.00 to $22.00 |
2016-05-04 | Lower Price Target | Canaccord Genuity | Buy | $35.00 to $34.00 |
2016-05-04 | Downgrade | Morgan Stanley | Overweight to Equal Weight | $37.00 to $30.00 |
2016-05-04 | Reiterated Rating | Goldman Sachs | Buy | $28.00 to $31.00 |
2016-05-04 | Reiterated Rating | Goldman Sachs Group Inc. | Buy | $28.00 to $31.00 |
2016-05-03 | Boost Price Target | Mizuho | Buy | $26.00 to $28.00 |
2016-05-02 | Reiterated Rating | Mizuho | Buy | $26.00 to $28.00 |
2016-04-21 | Reiterated Rating | Pacific Crest | Sector Perform | |
2016-04-09 | Reiterated Rating | Morgan Stanley | Buy | |
2016-04-08 | Initiated Coverage | Pacific Crest | Sector Weight | |
2016-02-06 | Reiterated Rating | Susquehanna | Neutral | $19.00 to $24.00 |
2016-02-05 | Reiterated Rating | Brean Capital | Buy | |
2016-02-05 | Reiterated Rating | Canaccord Genuity | Buy | $40.00 to $35.00 |
2016-02-05 | Downgrade | Oppenheimer | Outperform to Market Perform | $30.00 |
2016-02-05 | Lower Price Target | RBC Capital | Sector Perform | $27.00 to $26.00 |
2016-02-05 | Lower Price Target | Royal Bank Of Canada | Sector Perform | $27.00 to $26.00 |
2016-02-05 | Downgrade | Oppenheimer Holdings Inc. | Outperform to Market Perform | $30.00 |
2016-02-01 | Reiterated Rating | RBC Capital | Sector Perform | $27.00 to $26.00 |
2016-01-26 | Reiterated Rating | Brean Capital | Buy | $29.00 |
2016-01-25 | Reiterated Rating | RBC Capital | Sector Perform | $27.00 |
2016-01-22 | Reiterated Rating | William Blair | Buy | |
2016-01-21 | Reiterated Rating | Cowen and Company | Hold | |
2016-01-03 | Reiterated Rating | Cowen and Company | Hold | |
2015-12-28 | Reiterated Rating | Cowen and Company | Hold | $22.00 |
2015-12-16 | Downgrade | Northland Securities | Outperform to Market Perform | $30.00 to $25.00 |
2015-12-08 | Reiterated Rating | Cowen and Company | Hold | $22.00 |
2015-12-02 | Initiated Coverage | Mizuho | Buy | $31.00 |
2015-11-01 | Reiterated Rating | Sterne Agee CRT | Buy | $37.00 to $32.00 |
2015-10-28 | Reiterated Rating | Cowen and Company | Hold | $25.00 to $22.00 |
2015-10-28 | Reiterated Rating | Barclays | Hold | $32.00 to $28.00 |
2015-10-28 | Lower Price Target | Oppenheimer | Outperform | $45.00 to $30.00 |
2015-10-28 | Downgrade | Susquehanna | Positive to Neutral | $44.00 to $25.00 |
2015-10-28 | Reiterated Rating | Brean Capital | Buy | $50.00 to $29.00 |
2015-10-28 | Lower Price Target | Northland Securities | Outperform | $40.00 to $30.00 |
2015-10-28 | Downgrade | RBC Capital | Outperform to Sector Perform | $42.00 to $27.00 |
2015-10-28 | Lower Price Target | JMP Securities | $55.00 to $35.00 | |
2015-10-28 | Reiterated Rating | Barclays PLC | Hold | $32.00 to $28.00 |
2015-10-27 | Downgrade | Raymond James | Strong-Buy to Outperform | |
2015-10-27 | Downgrade | Raymond James Financial Inc. | Strong-Buy to Outperform | |
2015-10-23 | Reiterated Rating | RBC Capital | Outperform | $42.00 |
2015-10-20 | Reiterated Rating | Brean Capital | Buy | $50.00 |
2015-10-07 | Reiterated Rating | RBC Capital | Buy | $42.00 |
2015-09-23 | Reiterated Rating | Sterne Agee CRT | Buy | $56.00 to $37.00 |
2015-09-16 | Lower Price Target | Cowen and Company | Market Perform | $30.00 to $25.00 |
2015-08-28 | Reiterated Rating | Brean Capital | Buy | $50.00 |
2015-08-27 | Reiterated Rating | Cowen and Company | Market Perform | $30.00 |
2015-08-26 | Downgrade | Barclays | Overweight to Equal Weight | $42.00 to $32.00 |
2015-08-10 | Initiated Coverage | Susquehanna | Positive | $44.00 |
2015-07-29 | Reiterated Rating | Brean Capital | Buy | $50.00 |
2015-07-29 | Lower Price Target | Barclays | Overweight | $50.00 to $42.00 |
2015-07-29 | Lower Price Target | Oppenheimer | Outperform | $50.00 to $45.00 |
2015-07-27 | Downgrade | Cowen and Company | Outperform to Market Perform | $39.00 to $30.00 |
2015-07-24 | Reiterated Rating | RBC Capital | Buy | |
2015-07-21 | Reiterated Rating | Brean Capital | Buy | $50.00 |
2015-07-16 | Reiterated Rating | Morgan Stanley | Overweight | $53.00 to $46.00 |
2015-07-14 | Reiterated Rating | Citigroup Inc. | Buy | |
2015-07-13 | Reiterated Rating | Cowen and Company | Outperform | $42.00 to $39.00 |
2015-07-10 | Reiterated Rating | Oppenheimer | Outperform | $50.00 |
2015-07-08 | Reiterated Rating | Sterne Agee CRT | Buy | $56.00 |
2015-07-08 | Initiated Coverage | Northland Securities | Outperform | $40.00 |
2015-07-06 | Initiated Coverage | Guggenheim | Buy | |
2015-07-03 | Reiterated Rating | Raymond James | Buy | $45.00 |
2015-07-02 | Upgrade | RBC Capital | Sector Perform to Outperform | $46.00 to $42.00 |
2015-06-30 | Initiated Coverage | Guggenheim | Buy | $45.00 |
2015-06-23 | Initiated Coverage | Topeka Capital Markets | Buy | $44.00 |
2015-06-19 | Reiterated Rating | Brean Capital | Buy | $50.00 |
2015-05-25 | Reiterated Rating | Stifel Nicolaus | Buy | $52.00 |
2015-05-14 | Reiterated Rating | Citigroup Inc. | Buy | $48.00 |
2015-05-06 | Reiterated Rating | JMP Securities | Outperform | $55.00 |
2015-04-30 | Lower Price Target | Barclays | Overweight | $52.00 to $50.00 |
2015-04-30 | Downgrade | Monness Crespi & Hardt | Buy to Neutral | |
2015-04-30 | Reiterated Rating | Canaccord Genuity | Buy | $50.00 |
2015-04-30 | Boost Price Target | Stifel Nicolaus | Buy | $50.00 to $52.00 |
2015-04-29 | Downgrade | Raymond James | Buy | |
2015-04-26 | Reiterated Rating | RBC Capital | Sector Perform | $46.00 |
2015-04-26 | Reiterated Rating | Brean Capital | Buy | $50.00 |
2015-04-17 | Initiated Coverage | Sterne Agee CRT | Buy | $56.00 |
2015-04-14 | Boost Price Target | Barclays | Overweight | $48.00 to $52.00 |
2015-04-09 | Initiated Coverage | Wunderlich | Hold | $44.00 |
2015-04-07 | Upgrade | William Blair | Outperform | |
2015-04-07 | Set Price Target | Canaccord Genuity | Buy | $50.00 |
2015-03-30 | Boost Price Target | Monness Crespi & Hardt | Buy | $44.00 to $48.00 |
2015-03-05 | Boost Price Target | RBC Capital | Sector Perform | $45.00 to $46.00 |
2015-03-03 | Boost Price Target | Brean Capital | Buy | $45.00 to $50.00 |
2015-02-25 | Initiated Coverage | Morgan Stanley | Overweight | $50.00 |
2015-02-20 | Initiated Coverage | Barclays | Overweight | $46.00 |
2015-02-06 | Boost Price Target | JMP Securities | Market Outperform | $52.00 to $54.00 |
2015-02-06 | Set Price Target | Citigroup Inc. | Buy | $44.00 to $48.00 |
2015-02-06 | Boost Price Target | Oppenheimer | Outperform | $42.00 to $50.00 |
2015-02-06 | Upgrade | Brean Capital | Hold to Buy | $45.00 |
2015-02-05 | Boost Price Target | Monness Crespi & Hardt | $42.00 to $44.00 | |
2015-02-05 | Reiterated Rating | William Blair | Buy | |
2015-02-05 | Upgrade | Raymond James | Outperform to Strong-Buy | |
2015-02-02 | Initiated Coverage | Monness Crespi & Hardt | Buy | $42.00 |
2015-01-20 | Initiated Coverage | RBC Capital | Sector Perform | $42.00 |
2015-01-15 | Initiated Coverage | Stifel Nicolaus | Buy | $46.00 |
2015-01-15 | Initiated Coverage | Cowen and Company | Outperform | |
2015-01-11 | Reiterated Rating | Canaccord Genuity | Buy | $45.00 |
2014-12-30 | Upgrade | Barrington Research | Market Perform to Outperform | $36.39 to $43.00 |
2014-12-30 | Upgrade | Goldman Sachs | Neutral to Buy | |
2014-12-19 | Initiated Coverage | Goldman Sachs | Neutral to Outperform | |
2014-12-18 | Initiated Coverage | Oppenheimer | Outperform | $42.00 |
2014-12-16 | Upgrade | Goldman Sachs | Neutral to Buy | $42.00 to $43.00 |
2014-10-24 | Reiterated Rating | Citigroup Inc. | Buy | $41.00 to $44.00 |
2014-10-22 | Initiated Coverage | JMP Securities | Hold | |
2014-10-21 | Initiated Coverage | Brean Capital | Hold | |
2014-10-08 | Initiated Coverage | CRT Capital | Buy | $44.00 |
2014-10-08 | Initiated Coverage | JMP Securities | Outperform | $48.00 |
2014-09-19 | Initiated Coverage | Bank of America | Buy | $47.00 |
2014-09-19 | Initiated Coverage | Bank of America Corp. | Buy | $47.00 |
2014-09-17 | Initiated Coverage | Goldman Sachs | Neutral | $44.00 |
2014-09-11 | Initiated Coverage | Barrington Research | Market Perform | |
2014-07-25 | Reiterated Rating | Citigroup Inc. | Buy | $40.00 to $41.00 |
2014-07-25 | Boost Price Target | Canaccord Genuity | Buy | $40.00 to $42.00 |
2014-05-09 | Reiterated Rating | Raymond James | Outperform | $36.00 to $37.00 |
2014-04-29 | Initiated Coverage | Raymond James | Outperform | $36.00 |
2014-04-29 | Initiated Coverage | William Blair | Outperform | |
2014-04-29 | Initiated Coverage | Canaccord Genuity | Buy | $40.00 |
2014-04-29 | Initiated Coverage | Citigroup Inc. | Buy | $40.00 |
2014-04-29 | Initiated Coverage | BMO Capital Markets | Outperform | $40.00 |
2014-04-29 | Initiated Coverage | Morgan Stanley | Equal Weight | $32.00 |
2016-07-08 | Initiated Coverage | Wedbush | Outperform | $40.00 |
2016-06-22 | Boost Price Target | Mizuho | Buy | $28.00 to $33.00 |
2016-06-06 | Upgrade | Monness Crespi & Hardt | Neutral to Buy | $33.00 |
2016-06-03 | Initiated Coverage | Maxim Group | Buy | $33.00 |
2016-05-14 | Reiterated Rating | Morgan Stanley | Hold |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In GRUB 42 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
TIAA CREF INVESTMENT MANAGEMENT LLC | 2.71M |
BlackRock Fund Advisors | 2.49M |
BlackRock Institutional Trust Company, N.A. | 2.09M |
Marathon Partners Equity Management, LLC | 1.40M |
OMNI PARTNERS LLP | 1.18M |
JANUS CAPITAL MANAGEMENT LLC | 0.77M |
RUSSELL FRANK CO/ | 0.74M |
PICTET ASSET MANAGEMENT LTD | 0.64M |
BlackRock Investment Management, LLC | 0.30M |
MANAGED ACCOUNT ADVISORS LLC | 0.28M |
KALMAR INVESTMENTS INC /DE/ | 0.15M |
TEACHERS ADVISORS INC | 0.11M |
Bluefin Trading, LLC | 100000 |
BLACKROCK ADVISORS LLC | 99234 |
PEAK6 Investments, L.P. | 53195 |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
SEA VI Management LLC | 9.65% (7606264) | GRUB / |
GURLEY J WILLIAM | 0.17% (137648) | GRUB / NEWR / OPEN / UBNT / Z / ZEN / |
Frink Lloyd D | 0.10% (78528) | GRUB / Z / ZG / |
Zabusky Jonathan President | 0.07% (53255) | GRUB / |
Maloney Matthew M. Chief Executive Officer | 0.03% (21137) | GRUB / MRGE / |
DeWitt Adam See Remarks | 0.02% (17696) | GRUB / |