75.02 0.00 (0.00%)
After hours: 4:16PM EDT
|Bid||74.64 x 1400|
|Ask||75.35 x 800|
|Day's Range||74.31 - 76.65|
|52 Week Range||60.20 - 149.35|
|Beta (3Y Monthly)||0.85|
|PE Ratio (TTM)||128.46|
|Earnings Date||Jul 30, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||97.25|
A new deal between meal delivery service, Doordash, and fast-food chain McDonald's is delivering a blow to competitors like Uber Eats. Yahoo Finance's Myles Udland, Brian Cheung, and Editor-at-Large Brian Sozzi, discuss the latest.
The rideshare's restaurant delivery arm had previously been the exclusive provider to ferry Big Macs and french fries to hungry customers.
CHICAGO , July 16, 2019 /PRNewswire/ -- Grubhub Inc. (NYSE: GRUB), the nation's leading online and mobile food-ordering and delivery marketplace, today announced it will host a conference call to discuss ...
(Bloomberg Opinion) -- Domino’s Pizza Inc. didn’t come in hot in the second quarter. The pizza-delivery chain said Tuesday that comparable sales at its U.S. restaurants rose 3% in the period from a year earlier, well below the 4.6% growth analysts had expected.Shares fell in early trading, and, to a certain extent, that is understandable. But this quarter’s results didn’t leave me with any fresh concerns about Domino’s long-term strategy or its ability to hold its own amid major changes in the U.S. food delivery market. While a 3% increase in comparable sales represents a slowdown in growth for an industry darling, it is still a solid result at a moment when restaurant traffic generally remains so weak. There’s another key reason that I am less alarmed by Domino’s comparable sales slowdown, even if it is more abrupt this quarter than expected. And that’s because it’s all part of a sensible strategy to adapt to a more competitive food-delivery environment.Domino’s is in the process of doing something it calls “fortressing.” Essentially, it means adding more locations in a concentrated area. The theory is that closer proximity to customers means better service in the form of shorter wait times and pizzas arriving hot. Additionally, the company has found that this approach tends to generate more carryout sales, which are often incremental business it wouldn’t have gotten otherwise. The downside of bulking up its restaurant portfolio in certain areas is that it creates pressure on Domino’s comparable sales, with revenue transferring from one store to another. Domino’s has said this created a comparable sales headwind last year of between 1% and 1.5%.I’m typically very skeptical of any established chain – restaurant or mall-based – embracing a massive store opening plan, given how saturated the U.S. market is. But Domino’s is an exception. With its focus on off-premise eating, cutting the time it takes to get from stores to customers is crucial to keeping itself differentiated as third-party delivery services such as DoorDash, Uber Eats and GrubHub Inc. barrel into more metro areas and give diners an explosion of choice for eating at home. In fact, Domino’s acknowledged feeling the heat of third-party services in the previous quarter, saying back in April that newcomers’ aggressive marketing promotions had been a competitive challenge.Better service also should help Domino’s maintain its edge against more traditional rivals such as Yum Brands Inc.’s Pizza Hut, which has been courting value-conscious diners with deals like a $5 medium pizza and a bigger push in delivery.Importantly, it seems Domino’s is trying to execute the fortressing plan in a way that shouldn’t roil its franchisee base. Executives have noted that a single franchisee is opening the fortressed stores within their own territory, so he or she is retaining transferred sales and seeing improved store-level profitability.I expect the rise of food delivery to massively disrupt the restaurant industry over the next decade. Domino’s is right to take a short-term hit to comparable sales – while it is in a position of real strength – to gird itself for the onslaught of competition.Plus, the fact that Domino’s didn’t revise its three- to five-year outlook on Tuesday suggests that the second-quarter results aren’t viewed internally as any kind of inflection point.Booming comparable sales growth can be comfort food for investors. Even though Domino’s didn’t offer that this quarter, it’s still on the right track. To contact the author of this story: Sarah Halzack at firstname.lastname@example.orgTo contact the editor responsible for this story: Beth Williams at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Investing.com - Shares of fast-food companies were down in midday trade on Tuesday after Domino’s Pizza reported disappointing same-store sales during the second quarter.
A successful launch doesn’t magically transform companies with banal, easily replicated business models into industry disruptors Continue reading...
Food delivery startups have been on a growth tear for several years now. Competition has increased and that has hurt the share price of GrubHub (NYSE:GRUB). GRUB stock, however, has been showing much better signs of life again in recent weeks and looks to be pointing to higher levels still.Source: Shutterstock As long time readers of my column here know, I do not like holding trading positions through any given stock's earnings report. Thus, please be aware that GrubHub is set to report its next batch of earnings on July 24.The advent of modern smart phones has brought about the "sharing economy." One of the services from this new economy is efficient food delivery from not just your favorite pizza chain, but from any restaurant imaginable. Each of these food delivery companies, like GrubHub has gotten itself some strategic alliances with large food chains, in addition to covering local restaurants and cafes. I find myself using these services ever more frequently.InvestorPlace - Stock Market News, Stock Advice & Trading Tips GRUB Stock Charts Click to EnlargeThe food delivery mania in 2018 led to a huge surge in GrubHub stock, one that simply by the laws of gravity had to end. And end it did, as from its September 2018 highs, the stock fell 60% into the June 2019 lows. * 7 Retail Stocks to Buy for the Second Half of 2019 By June, however, the stock finally reached its longer-standing up-trend and the lower end of the channel, as marked by the two black parallels. From a momentum perspective GrubHub stock had shown positive divergence from price (lower lows) to momentum (MACD in lower part of the chart making higher lows since early 2019). These are the type of formations I am looking for in order to see a stock establish a better lasting low.In other words, the June 2019 lows around the $60 mark, which also coincides with the stock's red 200-week simple moving average is an important line in the sand for the bulls. Click to EnlargeOn the daily chart, we see that since the first half of June, GRUB stock has gaped higher on two occasions. The first gap allowed the stock to push higher out of the falling wedge pattern (two long black parallels). The stock then consolidated for a few days, only to gap higher again on June 25. Since then, the stock has consolidated nicely in what we may refer to as a bull flag pattern. This pattern, as the name suggests, tends to resolve to the upside.The next logical upside target for GRUB stock from here is the $82 area, which currently coincides with the stock's red 200-day moving average. Active traders and investors could look to buy GRUB stock in a push above $78 toward said first upside target. This should do this while respecting any one day bearish reversal as a stop loss, and this is particularly true if this leads to the stock breaking back below $75.Get FREE ACCESS to Serge's renowned Stock Market Scanner with actionable trade ideas. Get it HERE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on College Students' Radars * 7 Retail Stocks to Buy for the Second Half of 2019 * The S&P 500's 5 Best Highest-Yielding Dividend Stocks The post Trade of the Day: GrubHub Stock Is Waving a Bullish Flag appeared first on InvestorPlace.
Amazon's minority investment in Deliveroo, in an attempt to enter the food delivery market, once again comes on CMA's investigation radar.
Amazon.com (AMZN) has left a trail of devastated companies in its wake, unable to compete with the e-commerce giant's lower prices and seemingly infinite selection. In being all things to all people, Amazon is now everywhere, having created its own sort of self-contained ecosystem.That narrative is convincing. But Amazon.com isn't steamrolling every company that stands in its path.It took some time to fully figure out what makes Amazon click for so many consumers. Then it took some effort and money to actually do something about it. But as the dust finally settles on a largely unfettered exposition of its footprint, how and why some organizations still are standing is becoming clearer. Other outfits facing Amazon - not to mention investors - would be wise to note these survivors' nuances and common threads.Here's a rundown of eight stocks that are resisting the Amazon juggernaut. The fact that AMZN hasn't yet knocked them out suggests they're here to stay. SEE ALSO: The 19 Best Stocks to Buy for the Rest of 2019
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
LOUISVILLE, Ky. , July 2, 2019 /PRNewswire/ -- Kentucky Fried Chicken® today announced free delivery through delivery partner, Grubhub , to celebrate one of our favorite days of the year, National Fried ...
Online restaurant and food delivery company GrubHub Inc (NYSE: GRUB ) may have created tens of thousands of websites with the purpose of increasing prices on its platform, according to The New York Post. ...
In a recent Barron’s interview, an activist value investor and the founder of NYC-based Marathon Partners Equity Management, Mario Cibelli, shared his thoughts on several stocks in his portfolio. Before we summarize the most important insights from this interview, let’s take a look at the investor’s background. The beginnings of his professional career in investing […]
GrubHub executives are defending the company against allegations that it has been overcharging its restaurant customers for years.
Grubhub shares are tumbling as the New York State Liquor Authority is reportedly planning to develop new rules that could curb fees food delivery companies can charge, according to the New York Post. Yahoo Finance's Brian Cheung and Seana Smith discuss on "The Ticker."
It should come as no surprise that food delivery apps are as popular as ever. So much so, that research firm eMarketer predicts that by 2020, usage will surpass 44 million people in the U.S., reaching nearly 60 million by 2023. The Final Round panel discusses the growing trend.
Amazon is under review. UK regulators are investigating a $575 million investment led by Amazon in the food delivery service Deliveroo. Antitrust authority has ordered to two companies to halt any integration attempts... For now. Yahoo Finance's Scott Gamm joins Seana Smith.