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Tag: GRUB Stock

  • Just Eat Takeaway.com N.V. (GRUB) stock has experienced a downfall – What’s happening?

    Just Eat Takeaway.com N.V. (GRUB) stock has experienced a downfall – What’s happening?

    Just Eat Takeaway.com N.V. (GRUB) saw a decrease of 5.36% in premarket following the update in SEC filing. However, the last trading session closed at $9.89 with a decrease of 0.60%.

    Launch of $2 Million Grant Program by GRUB – More About it

    It was announced on 12th January 2022 that the United States Hispanic Chamber of Commerce Educational Fund has partnered with GRUB. Small companies have had an especially difficult 18 months. And the company thinks that it must help them to stay a part of the communities’ fabric. Moreover, the company is happy to partner with the USHCC and provide this critical assistance to Hispanic-owned restaurants as they struggle to recover.

    GRUB: What’s Next?

    Now, more than ever, the restaurant businesses will require access to the services and tools provided by the USHCC national network as they fight to reopen their doors and recover. Moreover, as the company seeks to revive the economy and bring people back to work, many of the Hispanic-owned restaurants that have managed to stay open and not entirely shut down are searching for advice and help. GRUB happily partners on this critical endeavor, and the team admires all the efforts to help minority-owned eateries.

    Greg Hill Foundation’s Restaurant Strong Fund – What is it?

    On 21st December 2021, GRUB announced that the recipients of grants are awarded through the All Day Campaign. The firm granted over $4 million to 379 eateries across the country that have worked tirelessly to combat the epidemic. The grants, which range from $5,000 to $50,000, will assist restaurant owners in funding advancements to indoor and outdoor dining, equipment and technology maintenance and repairs, advertising and sales efforts, staff hiring and training, Covid-19 compliance, and infrastructural developments. In the past year, Grubhub and The Greg Hill Foundation have collaborated on three restaurant support programs.

    Now what?

    The company is happy to help these nearly 400 restaurants around the country as they recover from the pandemic and continue to serve their communities. Moreover, restaurant owners are tremendously resilient, and the company is happy that this money will benefit their businesses while speaking with recipients. Lastly, GRUB is excited about the restaurant industry’s future, and they will keep doing everything to help the businesses

  • Just Eat Takeaway.com (GRUB) stock surged in the premarket trading session; here’s why

    Just Eat Takeaway.com (GRUB) stock surged in the premarket trading session; here’s why

    In the premarket trading session, Just Eat Takeaway.com N.V. American Depositary Shares (GRUB) stock had surged by 1.08% to trade at $17.77 at last check. GRUB stock previously closed the session at a loss of -1.12% to $17.58. GRUB stock had moved down in the past week by -5.13%. In the past three and six months, the GRUB stock had shed -8.44% and -16.01% respectively. Furthermore, the company is currently valued in the market at $1.64 billion and has 93.35 million outstanding shares.

    Here’s what you need to know about GRUB stock

    GRUB stock is from an online food-pickup delivery company that provides an online and mobile platform where the restaurants and customers get food delivery and pick-up orders. The company has a platform usage and activity of approximately 300,000 local restaurants that make utility of its services and connect to customers and have are established in different cities with diners. The company offers mobile applications and websites which are operated through the main grubhub.com.

    The company offers a variety and range of offers for all sorts of customers; it has a corporate program for employees to order different foods and avail of different options. These different options include, catering, individual meals, group ordering, and this all can be done for a single online account.

    Also, it offers Grubhub for Restaurants, a responsive web application that can be accessed from PCs and cell phones, just as Grubhub-gave tablets; GH+ membership program to burger joints; conveyance administrations to cafés; retail location (POS) mix, which permits eateries to oversee Grubhub orders and update their menus straightforwardly from their current POS framework; and Website and versatile application plan and facilitating administrations for cafés, just as innovation and satisfaction administrations, including request transmission and client relationship the board devices. The organization was previously known as GrubHub Seamless Inc. furthermore, changed its name to Grubhub Inc. in February 2014. Grubhub Inc. was established in 1999 and is settled in Chicago, Illinois.

    The merger of Grubhub and Just Eat Takeaway.com can give a competition to Door Dash

    Previous week, the company and GRUB stock had its acquisition completed by Just Eat Takeaway.com (“Just Eat”) on 15th June 2021. The transaction was done through an all-share combination with 100% of the shares acquired. Just Eat is already on a strategic aim to expand its food delivery market in the United States especially in the digital segment as it transforms and replaces a portion of the retail phone-delivery services. The entry into the digital market is a strong justification for the company’s merger with Just Eat plc.

    Furthermore, the Enlarged Group of the Just Eat Takeaway has now established its presence in the United States, United Kingdom, The Netherlands, and Germany which allows it to have a share of the world’s four biggest markets.

    More details about the merger

    Due to this acquisition agreement, GRUB stock’s holders have been issued the Just Eat shares for their benefit and these have been issued as part of the agreement/contract. 30% of the company’s share capital as being represented through the Just Eat Takeaway.com ADS for the completion of the shares.

    The Just Eat Takeaway has this year already traded 3 times the sales which was done prior to the acquisition which when combined with the 2.5 times trade of Grubhub showcases a cheaper price-to-sales ratio than Door Dash. Some investors are giving this stock a chance to grow and believe it to be undervalued as compared to Door Dash which charges a premium on its stock.

  • The Best 3 Food Delivery Stocks for long-term Investment

    The Best 3 Food Delivery Stocks for long-term Investment

    The future belongs to the digital tech—with the food delivery stocks being a major stakeholder in it.

    The pandemic has accelerated the online industry in almost every sector. The demand for food delivery services has increased significantly during the last year. The food delivery firm’s growth has been phenomenal during the pandemic period—with the increase in stay-at-home trade.

    The future world of digital technology has climbed miles—with COVID becoming a major catalyst to its growth. With people spending most of their time inside their homes, the food craving has driven the demand for food delivery companies.

    But there is an argument that the food delivery trend already on a hike even before the pandemic. This was due to the widespread digitalization and increased urban population. However, the COVID-19 epidemic has played a significant role to continue this hike in the rising food delivery trend.

    Though food delivery stocks can be risky—having massive potential in the long-term. Here are the three best food delivery stocks to invest in for the long-term.

    Beyond Meat (BYND)

    Beyond Meat (BYND) is a Los Angeles-based producer of plant-based meat substitutes. The company has seen notable growth with the increasing demand for meat substitutes. The company sells its product in the U.S. and internationally, through mass merchandisers, grocery, natural retailer channels, club and convenience stores, restaurants, schools, direct to consumer, and food service outlets.

    In Benzinga’s recent survey, a question was asked from investors — would BYND stock reach $250 per share by the end of 2022? — 68% of the respondents said the BYND would reach $250.

    Furthermore, to push things to a greater level, the company just collaborated with Pepsi to develop plant-based snacks and beverages. Both the enterprises with joint venture to form The PLANeT Partnership, LLC. The joint venture will work on the development, production, and marketing of innovative snack and beverage products made from plant-based proteins.

    So, Beyond Meat (BYND) is shaping up to be the future firm that will rule this segment in the digital world. The potential is there and in the long-term, BYND stock will increase its market value and shares price.

    Blue Apron (APRN)

    Blue Apron (APRN) is a holding firm that works through its subsidiaries that have a formidable market place in meal-kit delivery services. The company has seen a massive boost in new business rocketed by the pandemic. 

    In the second quarter of 2020, the company added more than 20,000 customers and its net revenue increased by approximately 10%. The company continues to speed up its growth in the next quarter. In Q3 2020, the net revenues increased 13% year-over-year to $112.3 million. Whereas, the order per customer soared 20% to 5.4 and the Average Order Value grew 2% to approximately $59.

    Many big firms would be eyeing Blue Apron (APRN) and if it gets acquired, it would make more sense to invest in the unmoving industry stock. So, APRN stock is one for the future—a long-term gun.

    Grubhub (GRUB)

    Grubhub (GRUB) is an American online and mobile prepared food delivery service that connects diners with local restaurants. A major turnaround for Grubhub is set to happen later this year.

    Back on June 10, 2020, Grubhub entered into a merger agreement with Just Eat Takeaway.com. The Holland-based Takeaway.com will acquire Grubhub in an all-share combination later this year. This acquisition of Grubhub will certainly expand the ecosystem of the company and support its growth in the market.

    According to Zacks, Grubhub is one of those firms that will largely benefit from the reopening of economies and lifting of the travel bans.

    Recently, the company collaborated with Lear Corporation’sXevo software business. This partnership will deliver safer, contactless food ordering capabilities in FCA vehicles through an app on the Uconnect Market. This deal will also driveGrubhub to a larger user base via Uconnect Market.

    So, moving forward, Grubhub (GRUB) is one of the potential food delivery stocks to watch for the long-term investment. If the acquisition of an online delivery platform turns out to be perfect, things will get bigger in the next few years.