Roth Capital Upgrades GrubHub Inc. (GRUB) to Buy

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Go back to Roth Capital Upgrades GrubHub Inc. (GRUB) to Buy

Grubhub Reports Record Third Quarter Results

October 26, 2016 9:00 AM EDT

CHICAGO, Oct. 26, 2016 /PRNewswire/ -- Grubhub Inc. (NYSE: GRUB), the nation's leading takeout marketplace, today announced financial results for the quarter ended Sept. 30, 2016. Order growth accelerated to 26% year-over-year, and the Company posted quarterly revenues of $123.5 million, which is a 44% year-over-year increase from $85.7 million in the third quarter of 2015.

"We are pleased with Grubhub's third quarter growth, as we continue building the most comprehensive marketplace for restaurants and takeout diners. Our product improvements and investment in delivery continue to generate high levels of sustainable growth," said Matt Maloney, Grubhub CEO. "Grubhub is... More