GrubHub Soars 10% as CEO Buys Nearly $1 Million in Shares

…Shares of the restaurant delivery platform may also be seeing a bump after positive commentary on their partnership from Yum! Brands Inc., which the Louisville, Kentucky-based operator of KFC and Taco Bell reported in first-quarter earnings Wednesday.

“We are excited about our partnership with GrubHub” Yum CEO Greg Creed said in a conference call, adding “We now have 2,200 KFCs offering delivery and 3,200 restaurants available for click-and-collect on the GrubHub marketplace.”

…GrubHub insiders hold a 0.3 percent stake, according to data compiled by Bloomberg.

more

Leave a comment

Your email address will not be published. Required fields are marked *