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Grubhub is the nation's largest takeout marketplace?
Posted on 3/11/17 at 12:01 pm
Posted on 3/11/17 at 12:01 pm
It surprised me to read that Grubhub is the nation's largest takeout marketplace. I fully expected UberEATS to hold that title. When I query food possibilities with Grubhub, I just don't see as many options as with UberEATS. When I travel, I see limited utilization in most cities. This suggests to me how much more room for growth Grubhub has.
Their stock is currently at $33.77 after recently dropping from $43.69 during the past 6 months.
I'm thinking buy based on perceived growth potential, but I'm not deep into financials as I should be. That's why I lurk here often. What says the Money Board?
Their stock is currently at $33.77 after recently dropping from $43.69 during the past 6 months.
I'm thinking buy based on perceived growth potential, but I'm not deep into financials as I should be. That's why I lurk here often. What says the Money Board?
This post was edited on 3/11/17 at 6:10 pm
4
Posted on 3/11/17 at 12:20 pm to Willie Stroker
Uber eats is probaly too new. It reached Columbus about 6 months ago and that is a metro size of like 1.7 million. Even then, DoorDash has a much bigger selection for me. I'm sure it just hasn't arrived yet everywhere for long enough.
Posted on 3/11/17 at 1:47 pm to Willie Stroker
Amazon prime now has food delivery where I'm at and it's free for prime members, tough to battle Amazon I wouldn't wanna hold grub stock bc Amazon has shown it's willing to lose money to dominate segments
Posted on 3/11/17 at 3:18 pm to dabigfella
Grubhub has been around much longer. I was using it in Chicago back before Uber even existed.
In the long term, this stat certainly will not hold true. I don't even think Grubhub exists here in Austin.
In the long term, this stat certainly will not hold true. I don't even think Grubhub exists here in Austin.
Posted on 3/11/17 at 6:30 pm to Willie Stroker
Didn't their CEO say some pretty disparaging things about Trump? That kind of shite isn't lost on your average red-blooded deplorable like myself. I'm not saying that's the sole reason why the stock has dropped 25% in the past 6 months but it's sure got something to do with it.
Posted on 3/11/17 at 7:39 pm to Willie Stroker
Waitr is going to kill Grubhub, IMO.
Posted on 3/12/17 at 8:29 am to Golfer
Seamless (owned by Grubhub) is king in NYC. I don't see that changing soon.
Posted on 3/12/17 at 9:05 am to Shenanigans
quote:
Didn't their CEO say some pretty disparaging things about Trump? That kind of shite isn't lost on your average red-blooded deplorable like myself. I'm not saying that's the sole reason why the stock has dropped 25% in the past 6 months but it's sure got something to do with it.
I member something like that from a few months ago.
But doesn't Grubhub mostly serve areas like NYC/Chicago/San Fran, where people would go out of their way to use Grubhub after something like that?
I wouldn't use them because it's easier and faster to just go Rouse's or Neco's or Walmart or Winn Dixie. That isn't the case if you're somewhere like SoHo.
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