GRUB - GRUB STOCK NEWS

Cat Rock Capital has highlighted the significant strategic value of Grubhub within the US same-day delivery market, estimated at $2.6 trillion with a remarkable 79% annual growth rate. As one of only four independent scaled same-day delivery platforms in the US, Grubhub boasts over $10 billion in sales and a network of 200,000 couriers across 4,000 cities. Cat Rock advocates for Just Eat Takeaway.com (JET) to refocus on Europe while leveraging Grubhub's capabilities for growth.

Cat Rock Capital, holding 6.5% of Just Eat Takeaway.com's shares, is pushing for a sale or spin-off of Grubhub by December 31, 2021, to address the company's undervaluation. JET's stock trades below 8x EBITDA, indicating a significant mispricing of its assets. The Grubhub acquisition, which reduced JET's financial flexibility, is attributed to a negative valuation of €14 billion. Cat Rock emphasizes Grubhub's strong performance metrics, including $10 billion in GMV and extensive restaurant partnerships, suggesting that unlocking Grubhub's value could lead to over 100% appreciation in JET's stock.

Grubhub and The Greg Hill Foundation have announced a $4 million grant program to support restaurants affected by the pandemic. The grants, ranging from $5,000 to $50,000, will assist with improvements in dining, technology upgrades, marketing, and compliance with Covid-19 safety measures. Eligible restaurants in cities like New York, Chicago, and Boston can apply starting October 13, with applications closing on October 20. Grubhub's support stems from donations made through its Donate the Change program.

The Washington Football Team has partnered with Grubhub to enhance in-stadium dining at FedExField. This innovative collaboration allows fans to order food via the Grubhub app or QR codes, streamlining the dining experience while reducing wait times by an average of 50%. The service utilizes geolocation technology to connect fans with nearby vendors, offering around twenty options, including four exclusive Grubhub locations. This is the first professional sports partnership for Grubhub, aiming to revolutionize game day experiences.

Hard Rock International is partnering with Artists Den for the second season of the digital series "Live from My Den". This series features extraordinary artists performing from their spaces, with seven episodes to be showcased on Variety.com and select Hard Rock locations. Each episode will highlight a local charity, with Hard Rock and Artists Den promoting community support through Delivering Good and Grubhub. Additionally, a limited-time Artists Den Bundle is available on Grubhub for $12.95. The series includes performances from artists like Cautious Clay and Mickey Guyton.

Fiserv and Grubhub announced a direct integration of their platforms to help independent restaurants manage online orders more efficiently. This integration allows restaurants to streamline operations by consolidating menu updates and order management within the Clover platform, eliminating the need for multiple devices. Restaurants can also enjoy a commission-free trial for 60 days when signing up for Grubhub through Clover. This partnership aims to support the growing demand for food delivery services, which increased from 8% to 21% among consumers from 2019 to 2021.

Grubhub has partnered with Yandex Self-Driving Group to introduce robotic food delivery at The Ohio State University, enhancing student convenience. Over 60,000 students can use the Grubhub app to order meals delivered by 50 autonomous robots operating daily from 9 a.m. to 9 p.m. These robots navigate complex campus terrains, delivering a variety of food items while ensuring temperature control. Grubhub aims to improve the dining experience with this technology, further solidifying its presence in the college market.

Adyen (AMS:ADYEN) announced a partnership with Just Eat Takeaway.com to implement the Takeaway Pay Card, allowing pre-funded cards for employees' meal expenses. Initially rolling out in Europe, the card can be used offline at participating restaurants, simplifying expense management for employees during business activities. Adyen's Issuing solution enhances control over corporate expenses, delivering real-time payment confirmations and flexibility. This collaboration highlights Adyen's continued growth in serving major clients like Just Eat Takeaway.com.

Olo (NYSE: OLO) has announced a partnership with Grubhub (NASDAQ: GRUB) to integrate digital orders into the POS of thousands of restaurants using Olo Rails. This integration aims to enhance order accuracy, streamline workflows, and eliminate the need for multiple digital tablets in kitchens. The collaboration comes amid a surge in digital and delivery orders, aiming to improve operational efficiency and financial performance for restaurants. Grubhub's VP stated that the integration will provide a reliable ordering process for restaurant staff and enhance the dining experience for customers.