|Day's Range||42.42 - 43.95|
|52 Week Range||24.27 - 46.83|
|PE Ratio (TTM)||66.41|
|Earnings Date||Jul 26, 2017 - Jul 31, 2017|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||46.55|
Monness Crespi Hardt’s James Cakmak today writes there are both good and bad trends afoot for online food ordering service GrubHub (GRUB), with its “point of sale” prospects better, but disturbing prospects for its delivery network of drivers. Cakmak, who has a Sell rating on GrubHub, and a $32 price target, is somewhat bemused to find the company is finally achieving what he had previously said was essential when he had a Buy rating, namely, integrating with dining establishment’s point of sale: We have long said that the lynchpin to creating a competitive moat in this crowded food delivery market is the integration with the point of sale. GrubHub also has deals with niche systems like Breadcrumb and Toast.
On the positive side, GrubHub is beginning to show signs of increased integration with dining establishments' point of sale.
Matt Maloney, CEO of GrubHub, tells Jim Cramer his company processes 324,000 orders a day nationwide.