Grubhub (GRUB) was a high-flying stock with loads of potential, but GRUB cut profit estimates to spend more on delivery &advertising.
Today I will be buying into GrubHub (GRUB) well off its highs 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.