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Actionable news in GRUB: GRUBHUB Inc,

Expanded Restaurant Delivery On Prime Now A Negative Read Through For GrubHub, One Analyst Says

Amazon.com, Inc. AMZN 2.17% announced its Free Restaurant Delivery Service expansion into Manhattan and Dallas. In response to Amazon's entrance into the sector, Grubhub GRUB 7.83%, the largest restaurant delivery service, closed down 7.83 percent to $23.30.

Axiom's Victor Anthony claimed Amazon's new initiative was a "long-term positive for Prime in that it is expected to increase retention." The analyst reaffirmed the market by saying the move was a "negative read through for the shares of GrubHub and other private food delivery services."

Despite Anthony's positive comments on Amazon, the company was trading down 2.17 percent by market close.

DateFirmActionFromTo
May 2016NomuraMaintainsBuy
Apr 2016AxiomMaintainsBuy
Apr 2016Goldman SachsMaintainsBuy

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