Online Trends in Restaurant Pickup and Delivery

Trends in restaurant dining have changed significantly, with the online food delivery industry group capturing investors attention. Who’s on top?

1010data reported recently, public tech company GrubHub is in the lead. Between GRUB and Seamless, there really isn’t anyone close. The duo represent 32.3% of all online food orders. Seamless, which rules New York City, is on its own the largest overall site with 18.8%.

  • Seamless and GrubHub combined accounted for more than half of all sales in Q4
  • UberEats experienced explosive growth after launching their app at the end of 2015
  • On average, Americans use restaurant delivery services at least once a week
  • Average order total in this space is $31
  • Most consumers place orders between 5-8PM

GRUB

Grubhub (GRUB) reported is 22% beat in the 3rd Quarter. Earnings were $0.28 per share on revenue of $163.1 million. The consensus earnings estimate was $0.24 per share on revenue of $159.1 million. . Revenue grew 32.1% on a year-over-year basis.

The company said it expects fourth quarter revenue of $197.0 million to $205.0 million. The current consensus revenue estimate is $183.8 million for the quarter ending December 31, 2017.

Considering this forward guidance, we are looking for an opportunity to take a position in GRUB. Buy any pullback to the 9ema daily.

Happy Trading,

Vinny



Disclaimer:  Do your Own Research

Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.

Investment Warnings

We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.

Vinny Gambini

Trade Fundamentals w/ Technical Analysis - CANSLIM method using high probability setups and Ichimoku Trend Analysis. Architect, Family Man and Father of three.