Is Grubhub Stock a Buy?
Food delivery companies are benefiting as people are wary of dining in at restaurants. The shift to ordering meals instead of dining in person is likely to accelerate in the coming months as coronavirus cases are surging in several regions around the world.
Grubhub (NYSE: GRUB) is no exception to the trend, as sales and new customers are increasing substantially. An interesting note about Grubhub is that the investment is just as much about Just Eat Takeaway (OTC: TKAY.Y) as it is about Grubhub. The former acquired the latter in an all-stock deal. That being said, let's take a closer look to determine if Grubhub stock is worth buying right now.
Just Eat Takeaway agreed to buy Grubhub. Image source: Getty Images.
Source Fool.com
