GRUB Stock Price – GrubHub Inc. Stock Quote (U.S.: NYSE)

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Sohn: Half Sky Capital’s Li Ran’s bullish on GrubHub

Li Ran of Half Sky Capital Monday afternoon expressed optimism about GrubHub Inc. , saying that restaurant orders in major cities are likely to accelerate over the next 12 months, with the company the beneficiary, according to the fund’s own survey. Ran, the CIO at Half Sky, says a generous tipping culture in the U.S. and a relatively high-barrier to entry for competitors support a bullish outlook for the restaurant-delivery company. Grubhub had 14.5 million active diners producing $3.8 billion in gross orders, which by her estimate, could rise to $16 billion by 2022. Shares of GrubHub were up 1.3% in recent trade, and have climbed 43% so far this year, outstripping the broader market. The S&P 500 index is flat in the first four months of the year, while the Dow Jones Industrial Average [: DJIA] is down about 1% in 2018. Ran’s comments echo those of other analysts, including Mizuho, which said it expects “GrubHub to emerge as the primary winner in online delivery over the next decade,” in a late-January note.





Source : MTV