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Grubhub Seamless went public in April 2014 and was traded on the New York Stock Exchange (NYSE) under the ticker symbol GRUB. [3] As of 2019, it had 19.9 million active users, with 115,000 associated restaurants in 3,200 cities in all 50 US states.
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first.
On 11 June, the company announced that it would acquire, in an all-stock transaction, US-based Grubhub—valuing the deal at $7.3 billion. In July 2020, the company was reported to be in talks with Prosus to sell its 33% stake, inherited from Just Eat, in Brazilian food delivery company iFood, which operates in Brazil and Colombia.
During the Dot Com bubble, investors were buying the stock of any company that has had a website. Since then, the internet has evolved drastically and we now are in a new world order where we ...
GrubHub's (GRUB) first-quarter results are expected to benefit from rapidly growing active diner base and strengthening delivery business.
On August 9, 2013, Seamless and GrubHub completed their merger and now operate under the name GrubHub, Inc. (formerly known as GrubHub Seamless). The merger resulted in connecting diners with approximately 25,000 restaurants for online and mobile-ordering across the United States and in London.