Grubhub, whose stock has declined 17.8% so far in 2019, quickly promoted its McDonald's hook-up on its website. McDonald's hasn't been as fast to promote its union. In fact, if the McDonald's website were the only source of info it would appear to be still exclusively partnered with Uber (UBER) .
Grubhub rose 2.32% on Friday to $61.80. McDonald's rose slightly to $220.05.
Uber Eats dominates McDonald's space with a cool weekly September promo seen below. It had partnered exclusively with Uber Eats since 2017. But in July, McDonald's started rolling out delivery from rival DoorDash, Bloomberg said, another partnership that wasn't apparent when looking at its website.
Grubhub and its Seamless division will launch the service at around 500 restaurants in the New York tri-state area, according to Bloomberg.
GrubHub has 23 buys, nine holds and one sell rating from analysts with an average price target of $91, according to Bloomberg. McDonald's pays a 2.1% dividend, has an overweight consensus rating and $232.85 price target, according to the 30 analysts polled by FactSet.