Olo Teams Up With Grubhub to Streamline Delivery and Digital Orders for Restaurants

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Go back to Olo Teams Up With Grubhub to Streamline Delivery and Digital Orders for Restaurants

Just Eat Takeaway (GRUB) Gains as Seth Klarman Hedge Fund Buys a $645 Million Stake, Shareholders Says Stock 'Deeply Undervalued'

August 12, 2021 6:38 AM EDT

Baupost Group, a hedge fund run by Seth Klarman, has acquired a 3.5% stake in the food delivery company Just Eat Takeaway (NASDAQ: GRUB).

Klarman paid $645 million to acquire the stake last week, according to a regulatory filing on Thursday.

Shares of the... More

Olo (OLO) Upgraded at Stifel to 'Buy' on Strong 2Q Results, Announces Partnership with Just Eat Takeaway.com (GRUB)

August 11, 2021 9:21 AM EDT

Shares of Olo (NYSE: OLO) are up almost 1% in pre-open Wednesday after the company presented better-than-expected Q2 results.

Olo posted Q2 EPS of $0.03 per share to top the $0.01 expected from the market analysts. Revenue came in at $35.9 million to also beat the $34 million consensus.

The second quarter was another strong quarter of profitable growth for Olo. Restaurant digital sales proved durable during the second quarter, demonstrating that the restaurant industrys digital transformation is not just about delivery but all ordering modes. We are excited that Olos platform is enabling restaurant brands to... More