|Bid||82.41 x 900|
|Ask||82.45 x 1400|
|Day's Range||82.23 - 82.99|
|52 Week Range||29.35 - 85.53|
|Beta (5Y Monthly)||1.06|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 28, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||63.86|
Four months ago, Grubhub (NYSE: GRUB) agreed to an all-stock merger with its European peer Just Eat Takeaway (OTC: TKAY.Y), which had recently been formed by a merger between two other food delivery platforms, Just Eat in the U.K. and Takeaway in the Netherlands. At the time, I noted the merger could solve Grubhub's biggest problems: its dependence on the saturated U.S. market, its decelerating growth, and its rising expenses. Grubhub's stock has rallied over 40% since the deal was announced, and I believe it still has room to run before Just Eat Takeaway closes the deal.
Grubhub Inc. (NYSE: GRUB), a leading online and mobile food-ordering and delivery marketplace, today announced it will release its third quarter financial results on Wednesday, Oct. 28, 2020, after the market close. Due to the pending acquisition by Just Eat Takeaway.com, Grubhub does not plan to host a conference call to discuss its third quarter results.
Earlier this year, Uber Technologies (NYSE: UBER) pursued the acquisition of food delivery service Grubhub (NYSE: GRUB) to expand its Uber Eats business. When an agreement couldn't be reached on that deal, Grubhub announced it was being acquired by European food delivery company Just Eat Takeaway.com (LSE: JET) for $7.3 billion. Now Uber rival Lyft (NASDAQ: LYFT) has announced that it will be partnering with Grubhub, providing its Lyft Pink subscription members access to Grubhub+ for free food delivery and other perks.