GrubHub (GRUB) stock has almost tripled during the past year, as Eat24, KFC and Taco Bell are fueling growth now and in the future.
After a whirlwind year of getting deals done, Grubhub (GRUB) is now the franchise American’s food delivery platform. And investors know.
Grubhub (GRUB) jumped after it announced a new partnership with Yum! Brands (YUM) to be the only US ordering partner for KFC and Taco Bell pickup and delivery orders.
Grubhub (GRUB) has been a hot stock — it’s doubled in the last year. And now that it’s acquired Foodler, OrderUp and Eat24 profit growth is expected to average a solid 32% the next four qtrs.
Grubhub (GRUB) has been a big winner this year as it’s signed up new restaurant chains, signed a partnership with Groupon, and acquired Yelp’s Eat24 business.