Keith Richards
GrubHub Inc
GRUB-N
DON'T BUY
Jul 16, 2019
He's never looked at this stock. They seem to have a lower high and lower high this year so far. He'd like to see the old high of $82ish in early 2019 break, then it would be bullish. It's questionable though it's making a little rally now. He can't recommend it now.
Leader in the food delivery and pick up app space. Valuation is expensive, but the growth is phenomenal at 50% year over year. Just got a deal with Yum Brands. (Analysts’ price target is $72.30)
(A Top Pick Feb. 8/18, Up 58%) They compete with Uber Eats. It is a big play on millennials. They work with a lot of restaurants. It is not a cheap stock, however. There are growing earnings.
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