GRUB - DoorDash moonshot reverberates across food/restaurant sector

DoorDash (DASH) is holding on to its monster gain off the IPO pricing level, with shares up 78% on zooming volume. The high mark so far for DoorDash is $195.50, when just five days ago the company set an expected range of $75 to $85. Stocks related to food delivery or meal kits are moving, with Waitr Holdings (WTRH) up 9.66% after the DoorDash moonshot, GrubHub (GRUB) 8.55% higher and Blue Apron (APRN) 2.35% higher. Across the Atlantic Ocean, Just Eat Takeaway (TKAYF) rose 7.33% today and Hello Fresh (HLFFF) gained 3.84%. There has to be a sense of confusion in the restaurant sector with DoorDash's market cap of ~$70B making Chipotle (CMG) with its $36.9B cap, Yum Brands (YUM) with its $31.3B cap, Domino's Pizza (DPZ) with its $15.3B cap and Dunkin Brands (DNKN) with its $8.8B cap all look like minnows. At the moment, only McDonald's (MCD) and Starbucks (SBUX) have a higher market cap

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DoorDash moonshot reverberates across food/restaurant sector