GRUBHUB (GRUB) Stocks
? Grubhub Inc. is a mobile and online food ordering and delivery platform company.
? Its portfolio includes an ordering platform that offers a wide variety of cuisine from approximately 125 000 restaurants in more than 2 400 cities across the United States as well as London.
? It processes an estimated 489 000 orders every day and serves more than 20 million active users. The company’s brands include Grubhub, AllMenus, LevelUp, Seamless, MenuPages and Tapingo.
? Its menu offers Vegetarian, Mexican, Seafood, Chinese, Italian, Japanese, Sushi, Thai and Vietnamese, just to name a few. Grubhub Inc. has more than 2 800 employees and is headquartered in Chicago, Illinois.
HISTORY OF GRUBHUB
In 2004 Michael Evans and Matthew Maloney founds Grubhub.
From 2007 to 2011 Benchmark Capital and four other capital investors funds the company.
In 2011 the company buys Dotmenu and it adds Campusfood and AllMenus to its portfolio.
In 2012 Grubhub introduces a technology platform for restaurants in order to speed up the order taking process. The company merges with a company that provides restaurants with web-based food ordering systems named Seamless in 2013.
In 2014 Grubhub has its initial public offering at a price of US Dollar 26.00 per share and starts trading on the New York Stock Exchange. The same year it starts offering delivery services to other restaurants.
By 2015 the company offers its services in approximately 50 cities across the United States such as Atlanta, Los Angeles, Florida, Portland, Las Vegas, Chicago, San Diego and Pittsburg.
In 2016 it introduces Google Pay and Apple Pay, as well as Grubhub gift card pay options.
- During the next few years the company buys Foodler, Eat24 and selected OrderUp markets. The company also partners with InterContinental Hotels Group, Amazon Alexa, Yelp, TripAdvisor and Groupon.
In 2018 Grubhub purchases Tapingo and LevelUp. The company expands its portfolio to 28 new cities.
VISION & VALUES OF GRUBHUB
- Grubhub Inc. is committed to providing its customers with high quality services that would create superior earnings and long-term value to its shareholders.
- The company values integrity, trust and exceptional performance.
- It operates responsibly and conducts business with high ethical standards. Grubhub’s founder and CEO, Matthew Maloney, is named in Forbes’ list of One of America’s Most Powerful CEOs 40 and under as well as Top 50 Businesspeople of 2014.
MARKET PERFORMANCE OF GRUBHUB
Grubhub Inc. trades on the New York Stock Exchange under the NYSE stock symbol “GRUB”.
Data analysis for the company’s quarterly period ending June 30, 2019 reports revenues of US Dollar 325,058 thousand.
Net income in the reported period is US Dollar 1,252 thousand. Total assets are US Dollar 2,343,249 thousand. Cash and cash equivalents are US Dollar 358,847 thousand. Total costs and expenses are US Dollar 318,941 thousand.