NEW YORK (TheStreet) -- Shares of GrubHub (GRUB) - Get Report were gaining 3.2% to $31.99 Tuesday morning after the online food ordering company beat analysts' estimates for earnings in the second quarter and raised its 2015 guidance.

GrubHub reported earnings of 17 cents a share for the second quarter, above analysts' estimates of 13 cents a share for the quarter. Revenue grew 46.6% year over year to $88 million for the quarter, beating analysts' estimates of $85.28 million.

The company said it now expects revenue of $358 million to $364 million for full year 2015, up from its previous guidance of $346 million to $361 million. GrubHub also raised its full year EBITDA guidance to a range of $104 million to $112 million, up from a range of $101 million to $109 million.

GrubHub forecast third quarter revenue of $85 million to $87 million, compared to the $86 million analysts surveyed by Thomson Reuters expect for the quarter.

TheStreet Ratings team rates GRUBHUB INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

"We rate GRUBHUB INC (GRUB) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The area that we feel has been the company's primary weakness has been its disappointing return on equity."

You can view the full analysis from the report here: GRUB Ratings Report

GRUB data by YCharts

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