DA Davidson analyst Tom Forte keeps his Buy rating and $100 price target on GrubHub after the release of its 10-Q filing. Among the insights, the analyst points to the company's organization description changes, saying it now states that the business is charging restaurants a "per order commission that is primarily percentage based". Forte states that previously, GrubHub stated that it charges restaurants on a "per order commission thatis largely fee based". The analyst further attributes Q2's higher growth of delivery expenses relative to revenue - 59% vs. 36% respectively - to its delivery network expansion and organic growth of delivery orders.