|Bid||74.61 x 1200|
|Ask||75.86 x 800|
|Day's Range||74.17 - 76.56|
|52 Week Range||29.35 - 85.53|
|Beta (5Y Monthly)||1.06|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Grubhub's (GRUB) third-quarter 2020 results reflect growth in gross food sales and a solidified diner base amid the coronavirus chaos.
Uber Technologies (NYSE: UBER) is buying Postmates and the ride-hailing businesses of BMW and Daimler, while Just Eat Takeaway.com is buying Grubhub (NYSE: GRUB). More regulation of these businesses may be forthcoming. Restaurants that didn't offer their own delivery service as a means of controlling the quality of their food were still finding their menus listed with the likes of DoorDash, Grubhub, or Uber anyway.
Yum Brands Inc. stock rose 1.5% in Thursday premarket trading after the restaurant company reported third-quarter earnings and revenue that beat expectations. Net income totaled $283 million, or 92 cents per share, up from $255 million, or 81 cents per share, last year. Adjusted EPS of $1.01 beat the FactSet consensus for 80 cents. Revenue of $1.45 billion was up from $1.34 billion and also beat the FactSet consensus for $1.42 billion. Digital sales reached a record $4 billion, up $1 billion from last year. Systemwide global same-store sales rose 1%, ahead of the FactSet consensus for a 4.1% decline. KFC same-store sales fell 4%, Pizza Hut was down 3% and Taco Bell increased 3%. Yum is now also the owner of Habit Burger Grill, which saw a 3% same-store sales decline for the quarter. Yum disposed of its investment in Grubhub Inc. for $206 million. Yum Brands shares have fallen 5.6% for the year to date while the S&P 500 index is up 1.3% for the period.