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      Just Eat (GRUB) stock surged in the premarket trading session; here’s why - Stocks Telegraph

      By ST Staff

      Published on

      June 21, 2021

      11:25 AM UTC

      Last Updated on

      July 14, 2021

      8:58 AM UTC

      Just Eat (GRUB) stock surged in the premarket trading session; here’s why - Stocks Telegraph

      In the premarket trading session, Just Eat N.V. American Depositary Shares (GRUB) stock had surged by 1.08% to trade at $17.77 at last check. GRUB stock previously closed the session at a loss of -1.12% to $17.58. GRUB stock had moved down in the past week by -5.13%. In the past three and six months, the GRUB stock had shed -8.44% and -16.01% respectively. Furthermore, the company is currently valued in the market at $1.64 billion and has 93.35 million outstanding shares.

      Here’s what you need to know about GRUB stock

      GRUB stock is from an online food-pickup delivery company that provides an online and mobile platform where the restaurants and customers get food delivery and pick-up orders. The company has a platform usage and activity of approximately 300,000 local restaurants that make utility of its services and connect to customers and have are established in different cities with diners. The company offers mobile applications and websites which are operated through the main

      The company offers a variety and range of offers for all sorts of customers; it has a corporate program for employees to order different foods and avail of different options. These different options include, catering, individual meals, group ordering, and this all can be done for a single online account.

      Also, it offers Grubhub for Restaurants, a responsive web application that can be accessed from PCs and cell phones, just as Grubhub-gave tablets; GH+ membership program to burger joints; conveyance administrations to cafés; retail location (POS) mix, which permits eateries to oversee Grubhub orders and update their menus straightforwardly from their current POS framework; and Website and versatile application plan and facilitating administrations for cafés, just as innovation and satisfaction administrations, including request transmission and client relationship the board devices. The organization was previously known as GrubHub Seamless Inc. furthermore, changed its name to Grubhub Inc. in February 2014. Grubhub Inc. was established in 1999 and is settled in Chicago, Illinois.

      The merger of Grubhub and Just Eat can give a competition to Door Dash

      Previous week, the company and GRUB stock had its acquisition completed by Just Eat (“Just Eat”) on 15th June 2021. The transaction was done through an all-share combination with 100% of the shares acquired. Just Eat is already on a strategic aim to expand its food delivery market in the United States especially in the digital segment as it transforms and replaces a portion of the retail phone-delivery services. The entry into the digital market is a strong justification for the company’s merger with Just Eat plc.

      Furthermore, the Enlarged Group of the Just Eat Takeaway has now established its presence in the United States, United Kingdom, The Netherlands, and Germany which allows it to have a share of the world’s four biggest markets.

      More details about the merger

      Due to this acquisition agreement, GRUB stock’s holders have been issued the Just Eat shares for their benefit and these have been issued as part of the agreement/contract. 30% of the company’s share capital as being represented through the Just Eat ADS for the completion of the shares.

      The Just Eat Takeaway has this year already traded 3 times the sales which was done prior to the acquisition which when combined with the 2.5 times trade of Grubhub showcases a cheaper price-to-sales ratio than Door Dash. Some investors are giving this stock a chance to grow and believe it to be undervalued as compared to Door Dash which charges a premium on its stock.

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