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GrubHub (GRUB) in Focus: Stock Tumbles 7.1%

GrubHub Inc. GRUB saw a big move last session, as the company’s shares fell over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for GRUB as the stock is now up nearly 11% in the past one-month time frame.

Yesterday, the company announced first-quarter 2016 results, wherein net income decreased 6% on a year-over-year basis.

This online and mobile food ordering company has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

GRUB currently has a Zacks Rank #3 (Hold).

A better-ranked stock in the same sector is RetailMeNot, Inc. SALE, holding a Zacks Rank #2 (Buy).

Is GRUB going up? Or down? Predict to see what others think: Up or Down

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
GRUBHUB INC (GRUB): Free Stock Analysis Report
 
RETAILMENOT INC (SALE): Free Stock Analysis Report
 
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