69.81 +0.52 (0.75%)
Pre-Market: 8:37AM EDT
|Bid||69.90 x 800|
|Ask||70.00 x 900|
|Day's Range||67.51 - 69.96|
|52 Week Range||63.31 - 149.35|
|Beta (3Y Monthly)||0.73|
|PE Ratio (TTM)||81.45|
|Earnings Date||Apr 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||101.24|
Consumers’ growing appetite for third-party delivery services is finally affecting Domino’s Pizza where it hurts — its pocketbook. Strategic marketing on the part of Grubhub, DoorDash, and Uber Eats in the first quarter had a negative impact on the pizza chain’s U.S. same-store sales growth, which plummeted by more than 50 percent, according to Chief […]
Food stocks GrubHub (NYSE:GRUB) and Shake Shak (NYSE:SHAK) are serving up tantalizing technical treats on the price charts. But for bullish investors, I suggest reining in the enthusiasm a bit and playing it safe.Source: Rik Panganiban via FlickrTechnically speaking, you could say that both GRUB and SHAK stock have something for every type of investor. That sounds agreeable, but investing in these food stocks isn't that simple …At the end of the day, everyone realizes there are bulls and bears in the market. However, there's also value, growth, momentum and income investing. In fact, there's more than a few variations and cross-contaminated styles to consider … and that's not just food stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis goes for the whole enchilada of publicly traded companies out there. And the way I see these two food stocks right now, GRUB stock is being served up as a contrarian, deep-value purchase, while SHAK looks like an All-American classic price pattern worth biting into. Food Stocks Buy 1: GrubHub (GRUB)The first of our pair of food stocks to buy is GrubHub. Shares of the food ordering and web-based delivery service platform are not exactly the flavor of the day on Wall Street. But don't let that dissuade you -- GRUB stock is a buy! * 10 Stocks to Sell Before They Give Back 2019 Gains With decent sales prospects of nearly 25% projected for the next five years, mid-cap pricing of just $6.15 billion and its recognizable name in this emerging industry trend, GRUB stock is one for contrarians to sink their teeth into.Technically, shares of this food stock look super tasty on the price chart as well!Currently, shares of GRUB are just coming off a confirmed variation of a four-month-long double-bottom pattern. With the formation finding support from the 62% retracement level and stochastics readying to cross from an oversold position, this food stock is a buy today.One caveat with buying GrubHub shares are earnings. The company's next quarterly confessional is slated for Thursday evening. Gap risk is heightened for a food stock like GRUB, which has a history of volatile post-report reactions and isn't a tendency to take lightly.As much, while this strategist believes the odds favor a bullish earnings event, nibbling on a smaller size order of GRUB stock makes sense. Alternatively, I'd recommend investors consider using the options market to gain long delta exposure with absolute, predetermined risk. Food Stocks Buy 2: Shake Shack (SHAK)It's a fact, even the best stocks go through corrective phases. And during SHAK stock's fairly short time as a publicly traded company, shares have witnessed a couple of larger periods of what some might call unruly price behavior. Still, these periods do act to serve up bullish platforms for higher prices like the correct cup-shaped base forming in this food stock since mid-2018.But that's not all this food stock is offering today's bullish investors.Currently SHAK stock is putting together an equally classic-looking tight handle consolidation that centered on the 62% retracement level. This is akin to the cherry on top of the sundae and sets this food stock up for a breakout entry:For investors interested in taking a bite out of this classic bullish pattern, a higher and above-average volume breakout 10 cents above the handle's high of $60.94 is the ideal entry point. Using a stop-loss of 7% to 8% in SHAK stock also works with buying this kind of setup. As with our other food stocks, earnings are just around the corner on May 2. * 7 Red-Hot E-Commerce Stocks to Consider Similarly, SHAK stock is also known for its volatile reactions. Once more, you will find guaranteed protection by using the options market.Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies, related musings or to ask a question, you can find and follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post 2 Stocks to Buy to Feast on a Food Stock Rally appeared first on InvestorPlace.
As Uber and Postmates head toward their initial public offerings, Grubhub, which just celebrated its fifth year as a publicly traded company, is focused on building a robust product offering. Grubhub acquired restaurant technology company LevelUp for $390 million in 2018. The company didn’t offer many details about its plans for the acquisition at the […]
CHICAGO, April 23, 2019 /PRNewswire/ -- Grubhub, the nation's leading online and mobile food-ordering and delivery marketplace, today announced an exclusive partnership with Just Salad, the fast casual concept committed to cultivating healthier lifestyles at an affordable price. Grubhub will be the place diners can exclusively order delivery of their favorite wraps, avocado toast, and warm bowls from more than 30 owned-and-operated Just Salad locations in New York, New Jersey, Pennsylvania, and Illinois. In looking across all platforms, we recognize Grubhub is the most restaurant-centric partner, and they've already helped us drive considerable order volume on the marketplace and in our Just Salad app," stated Stephen Swartz, Just Salad's director of marketing.
GrubHub's (GRUB) first-quarter 2019 earnings are likely to benefit from the rapidly growing active diner base amid intensifying competition.
My favorite hedge fund event is the annual Sohn Conference in New York. This year’s event will be held on May 6th, so I decided to take a look at how last year’s picks fared and whether hedge fund managers were able to generate any outperformance with their recommendations. Last year Harvard University’s Patrick Luo released […]
As we already know from media reports and hedge fund investor letters, many hedge funds lost money in fourth quarter, blaming macroeconomic conditions and unpredictable events that hit several sectors, with technology among them. Nevertheless, most investors decided to stick to their bullish theses and their long-term focus allows us to profit from the recent […]
GrubHub (GRUB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
When San Francisco's Evan Rich decided to open a casual spinoff to his acclaimed Rich Table restaurant, he knew RT Rotisserie had to have two elements: it needed to be somewhere he and his family would eat at everyday, and it needed to offer delivery. With the rising demand for convenience and speed, restaurant delivery has inflated in recent years to become a crucial factor in most restaurants' survival. About 40 percent of RT Rotisserie's business comes from orders placed through its exclusive third-party provider, Caviar.
Many investors can improve their portfolio returns by knowing when to sell growth stocks. Treat a sharp break of the 10-week line as bearish.
During the Dot Com bubble, investors were buying the stock of any company that has had a website. Since then, the internet has evolved drastically and we now are in a new world order where we absolutely need it almost all day. The internet has become a necessity, though the reasons why vary for as many as we have people using it.Source: Shutterstock An important reason for tech's ubiquity is consumer conveniences. Food delivery is one of those, and for a great bunch of people, GrubHub (NYSE:GRUB) provides an essential service. With a few pokes at our smartphones, we can make food show up to our door from almost any restaurant.This is highly functional business with very few competitors but is this edge sustainable? The GrubHub stock is falling off a cliff so seemingly there is trouble on the horizon.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhile the S&P 500 is up 20% year-to-date, GRUB stock is down 15% for the same period. It has been underperforming the indices markedly since February. As markets pushed for new all-time highs, GRUB is falling into an abyss. How to Play GRUB StockIs this the time to catch the falling knife? The short answer is no. There is no rush to buy the shares at this time. Clearly the price action is telling us that there is something wrong -- don't be a hero.Before you label me a GRUB stock hater, this is nothing specific against the company itself. But I do have big problems with how the stock price action is unfolding into earnings events. * 7 Mid-Cap Stocks to Find the Market's Sweet Spot Among other things, GrubHub stock has a unicorn problem. Lyft (NASDAQ:LYFT) has already come to market with its initial public offering and an even bigger gorilla Uber will be coming next. And therein lies a giant problem for Grub.This is the hottest IPO in years, and aside from a passenger delivery service, Uber also has a budding food delivering food service through Uber Eats. The have deep pockets and they are not afraid to over spend. Moreover, this could eventually cause LYFT to also join the food delivery arena.This new competition from companies who don't currently care about margins puts even more pressure on the valuation for GrubHub stock. It's already stretched, as it sells at a 77x trailing price-to-earnings ratio and 6 time total sales.These are numbers that demand that GRUB deliver astonishing accelerating growth else price will continue falling until they reach equilibrium. Otherwise the stock cannot compete for investor bids against giant new entrants that who don't have as much margin pressures from Wall Street.So this could be a transition period for GRUB stock. Therefore by definition this makes it a questionable investment without any specific information on future plans. And since I don't have any, I will assume that I am at a disadvantage when bidding to buy the stock here on good faith.To make matters worse, its recent drop brings GRUB stock lower then the Christmas and recent earnings lows. This is an important level to hold because it was also pivotal in December of 2017. Technically, if GrubHub loses $65 per share, it could trigger a bearish pattern that would retest $45 per share. Although this is not a forecast, it could unfold given the right circumstances.Such pivotal zones usually offer support on the way down. But in this case, prices are falling too fast, so there is no evidence of recovery yet. These are signs that the bulls are tired of defending the neckline, therefore they're likely to lose it. In that case, the bears will overshoot lower and we will set new lows from two summers ago.So GrubHub is a falling knife with a very tiny handle and a large blade. Trying to catch it now requires a lot of skill and faith that the average investor does not likely have. It's probably better to let it fall onto the ground before picking it up so as not to lose any digits trying to time a perfect bottom.However, the earnings event is coming soon and those are always binary in nature. We don't know what the company is going to report, and more importantly we don't know how traders will react to those numbers.So it comes down to expectations. Maybe enough people expect the worst, and if so, then maybe GRUB can have a positive reaction to even marginal numbers.So the best play here is to use the options market, where one can risk a small amount to be long the stock through earnings. If I already owned the shares, I would buy protection puts in order to guard my assets through the event. Selling covered calls against stocks would also provide some cover against a stock sell-off.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post GrubHub Stock Is In Free Fall -- Can Earnings Deliver A Surprise? appeared first on InvestorPlace.
Shares of Grubhub Inc. tumbled toward a 17-month low Friday, amid concerns over increasing competition after Uber Technologies Inc.’s provided some details about its Uber Eats business.
Red Robin's (RRGB) brand transformation, menu innovation and digital enhancements are expected to aid top-line growth while soft comps, high expenses and limited international presence pose concern.
In the latest GrubHub (NYSE:GRUB) news, the company's stock is taking a hit Friday afternoon due to mounting competition from other food delivery services such as Uber Eats.Source: Shutterstock Encouraging forecasts from Uber Eats are threatening to reduce GrubHub's market position, with Jefferies analyst Brent Thill said in a note that the brand "creates a challenging competitive environment" for GrubHub. He wrote this note to clients after a Thursday filing that revealed what Uber's upcoming IPO has in store.The Uber Eats take rates -- which is the fee that it charges to restaurants -- went down last year, with the company adding that rates may continue to be pressured. On the other hand, GrubHub's rates have been going up every year since the company decided to go public-their rates may be pressured as well moving forward.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNevertheless, Thill added that it is a huge industry with a possible market size of $200 billion in the U.S., which means food delivery won't have to be a "winner-take-all industry."GRUB stock is down about 5.7% on Friday following the news. The stock has fallen from $75.46 a share to $69.40 a share in 2019 alone, a decline of more than $6 a share, or 8%. Thill said that investors should be patient if they plan on investing in GrubHub, which is currently listed as having a "hold" rating with the firm. More From InvestorPlace * 7 Marijuana Companies: Which Pot Stocks Should You Buy? * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post GrubHub News: Why GRUB Stock Is Sliding Lower Today appeared first on InvestorPlace.
The fortunes of Uber Eats, the fastest growing part of Uber right now, are tied to its reliance on a handful of partnerships with big chains that include Starbucks and McDonald’s, Uber’s IPO filing documents show. Uber Eats’ exclusive agreements with international restaurant companies aided the company in generating $1.5 billion in revenue last year. […]
General Electric Company (NYSE:GE), Biohaven Pharmaceutical Holding Company Ltd. (NYSE:BHVN), GrubHub Inc (NYSE:GRUB), Microsoft Corporation (NASDAQ:MSFT), and Tesla Inc. (NASDAQ:TSLA) are each trending for different reasons. Some, like Biohaven, are up big, while others like Tesla, are down slightly. Let's find out why the spotlight is shining on each stock and how the smart money, or the around 740 elite […]
The Internet of Things is already made up of billions of connected devices and is only expected to exponentially grow in the years ahead. Here's how investors can profit from the trend driving the smart home and industrial revolution.
When you invest in growth stocks, first learn to use IBD's relative strength line to confirm a stock's real power as it breaks out of any base.
Uber Technologies Inc's restaurant delivery business has grown revenue to $1.5 billion in just three years, the company disclosed in its IPO filing on Thursday, dwarfing the revenue of its profitable, and already public, rival Grubhub Inc. Uber also spelled out the struggle its food delivery business faces: "Cumulative payments to drivers for Uber Eats deliveries historically have exceeded the cumulative delivery fees paid by consumers," it said. Uber Eats, and its rivals DoorDash and Postmates - who are also candidates for initial public offerings (IPOs) - are offering discounts and incentives to diners and restaurants in a race to grab the biggest piece of online restaurant delivery sales that investment firm William Blair & Co expects to grow to $62 billion in 2022 from around $25 billion today.