Monness, Crespi, Hardt Downgrades GrubHub Inc. (GRUB) to Neutral
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GrubHub Reports Record First Quarter Results
April 29, 2015 9:05 AM EDTCHICAGO, April 29, 2015 /PRNewswire/ -- GrubHub Inc. (NYSE: GRUB), the leading takeout marketplace, today announced financial results for the quarter ended March 31, 2015.Â
"Positive seasonal tailwinds and good organic growth propelled GrubHub to record top line and bottom line results in the first quarter," commented Matt Maloney, CEO. "We continue to broaden and deepen our reach, with 5.6 million diners generating more than 21 million orders for our 35,000 restaurant partners in the first three months of the year. Due to our strong growth in diners, Daily Average Grubs grew 30 percent compared to the first quarter... More
