Joho Capital Adds To GrubHub Position ~ market folly

Monday, November 28, 2016

Joho Capital Adds To GrubHub Position

Robert Karr's Joho Capital has filed a 13G with the SEC regarding its position in GrubHub (GRUB).  Per the filing, Joho now owns 5.1% of the company with over 4.37 million shares.

This means they've increased their position size by 935,100 shares since the end of the third quarter when they owned 3.43 million shares.  The filing was made due to activity on November 14th. 

Per Google Finance, GrubHub is "a provider of an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices. The Company's target market is primarily consists of independent restaurants. Diners can access the platform through and The Company offers diners access to the network through its mobile applications designed for iPhone, iPad, Android, iWatch and Apple TV devices. The Company provides a corporate program that helps businesses address problems in food ordering and associated billing. In certain markets, the Company also provides delivery services to restaurants on its platform that do not have their own delivery operations. and provide an aggregated database of approximately 380,000 menus from restaurants."

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