40.56 -0.43 (-1.04%)
After hours: 4:26PM EST
|Bid||40.89 x 1400|
|Ask||40.90 x 800|
|Day's Range||39.07 - 41.32|
|52 Week Range||32.11 - 87.98|
|Beta (3Y Monthly)||1.11|
|PE Ratio (TTM)||953.26|
|Earnings Date||Feb 5, 2020 - Feb 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||38.41|
Shares of the food delivery giant Grubhub rallied after Barclays gave it a double-upgrade. Barclay’s also raised their price target for the stock to $51 from $27. Despite the competitive food delivery landscape, Barclays sees value in the stock and has a few recommendations for the board.
Grubhub shares rose after the food delivery company got a double upgrade from ‘underweight’ to ‘overweight’ at Barclays. The firm says Gurbhub is up against an "irrational competitive landscape" and hopes the board will take action. Yahoo Finance’s Alexis Christoforous and Dan Roberts discuss on The Ticker.
Barclays double upgraded Grubhub stock straight to ‘overweight’ from ‘underweight.’ The analyst makes a case that Grub's board should consider consolidation with another leading third-party delivery company. Yahoo Finance's Dan Roberts, Heidi Chung and Kristin Myers discuss on YFi AM.
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.
NEW ORLEANS, Nov. 15, 2019 -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), is.
By some estimates, Americans spend $200 billion a year on takeout meals. That’s a lot of chips and guac—and almost no profit for the companies doing the delivery.
(Bloomberg) -- GrubHub shares are trading higher Friday after Barclays raised its investment opinion two notches, to overweight from underweight.The “irrational competitive landscape” in online food delivery over the past 15 months, and GrubHub executives’ “ill-timed strategic investments, and poor execution” have resulted in the stock plunging 75% to two-year lows, analyst Deepak Mathivanan told clients. As such, Mathivanan has a few requests for the GrubHub board of directors, and upgraded “on the hope of swift execution.”One request to the board is to explore consolidation with another leading food delivery player, which should result in “meaningful synergies.” Mathivanan believes that under the right M&A scenario, shares could be valued at “well north of $50 per share.” He noted the German market as a case study, where Ebitda improved after Takeaway.com NV’s acquisition of Delivery Hero SE’s German business and Takeaway shares rallied more than 75% since the December announcement. Delivery Hero climbed almost 60%.Another recommendation for GrubHub directors is to “reduce investments on unproven areas.” There’s been little benefit from the $100 million in additional marketing investment over the past 12 months, and now GrubHub is planning to spend another $150 million on “other unproven strategies,” he said. “We don’t believe these programs are likely to help achieve sustainable growth in this intense competitive environment.”Mathivanan also urges asset value preservation “before it’s too late.” GrubHub has “meaningful asset value” from its corporate offering and NYC/Chicago consumer businesses. “These assets are under intense attack from competition.” The analyst believes that GrubHub is a “dominant brand” that is worth “a lot more than current valuation under the right strategy in a rational market.”GrubHub shares rose as much as 5.7% Friday to $40.69. Barclays’ positive rating comes after Mathivanan’s 22 months in the bearish camp, during which time GrubHub fell 49% compared with the S&P 500’s advance of 8.5%.(Updates to add regular session share move in sixth graph.)To contact the reporter on this story: Janet Freund in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Scott Schnipper, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Barclays' analyst Deepak Mathivanan says his strong buy rating Grubhub is based on the online takeout company's position as a 'dominant brand' and its potential for growth.
Raging competition has weighed on margins, and large restaurant chains have been able to negotiate for lower rates. But one analyst says McDonald’s and Chipotle are poised for growth.
Shake Shack Inc. said Thursday that is now offering delivery nationwide through a partnership with GrubHub Inc. . Shake Shack said it would offer the service through GrubHub back in August, but warned of "volatility" as it transitioned away from other third-party delivery services like Postmates. To launch the nationwide availability with GrubHub, Shake Shack is offering the service free of charge through Nov. 17. And next month in Houston, Shake Shack and GrubHub will host an invite-only music and culinary event. Shake Shack stock has gained 36.2% for the year to date. GrubHub is down nearly 52%. And the S&P 500 index is up 23.4% for 2019 so far.
NEW YORK and CHICAGO, Nov. 14, 2019 /PRNewswire/ -- Today, Shake Shack (SHAK), the modern day "roadside" burger stand, will officially begin delivery nationwide with Grubhub (GRUB), the nation's leading online and mobile food-ordering and delivery marketplace. With more than 140 restaurants across the U.S. now available for delivery on Grubhub, diners can order their Shake Shack favorites with free delivery today through November 17th*. "As we begin our integrated partnership with Grubhub, we're focused on creating the best delivery experience for both our restaurant operators and our guests," stated Randy Garutti, chief executive officer of Shake Shack.
IRVINE, Calif., Nov. 14, 2019 /PRNewswire/ -- Holiday gatherings just got a lot easier (and tastier) with Rolled Chicken Tacos Party Packs, here for a limited time starting November 21 at participating Taco Bells nationwide. Taco Bell knows the struggle is real when searching for what to serve at a holiday get-together, so luckily for fans, this tasty and crowd-pleasing combo pack is destined to turn any holiday party into a festive celebration.
With Uber still trading below its IPO price and WeWork still reeling from its IPO disaster, could DoorDash be SoftBank's next make or break unicorn?
The third-party food delivery business still has room for near-20% growth over the next few years, driven by a few big players, Morgan Stanley said Tuesday. But more rational pricing is needed, and some ...
(Bloomberg) -- Elon Musk might have finally made good on his long-promised “short burn of the century” last month at Tesla Inc., but that doesn’t mean the bears will go wanting.They can just turn to GrubHub Inc. and Uber Technologies Inc. in the wake of the struggling food-delivery app’s historic sell-off and the ride-hailing company’s underwhelming year. They’ve become the most profitable U.S. stocks to sell short. Musk’s electric carmaker Tesla had held that title until its surprise third-quarter profit triggered a 36% rally.GrubHub has now become 2019’s most lucrative short with a mark-to-market profit of around $829 million, according to Nov. 11 data provided by S3 Partners research head Ihor Dusaniwsky. The company is followed by Uber, which shows a $626 million mark-to-market gain for shorts this year.The pair unseated Tesla, which topped the list earlier this year. Now Tesla short-sellers are looking at $709.6 million in mark-to-market losses for 2019, according to S3.Bears gained the upper hand at GrubHub as it plunged a record 43% after its fourth-quarter revenue guidance missed analyst estimates. Some of the company’s largest rivals, Uber Eats and DoorDash, are taking share from GrubHub’s core U.S. market, according to Bloomberg Intelligence analyst Mandeep Singh. Its sales growth is expected to “decelerate meaningfully in 2020,” he wrote in a recent note.Uber has declined 3.1% since its 180-day lock-up period expired last week and is hovering around the lowest level since it went public in May. A regulatory filing showed that the company’s founder, Travis Kalanick, sold 20% of his stake in the company.Below is a list of top 10 most profitable shorts in the U.S. this year:By contrast, the least profitable shorts this year, per S3 data, are Apple Inc. and Alibaba Inc.The S&P 500 Information Technology Index, which includes some of the names in this list, has advanced 39% this year.To contact the reporters on this story: Anisha Sircar in New York at firstname.lastname@example.org;Tatiana Darie in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Richard Richtmyer, Jennifer Bissell-LinskFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Grubhub Inc. (“Grubhub” or “the Company”) (NYSE: GRUB) for violations of securities laws. We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
Shack Shack is investing in remodeling, new locations, technology upgrades and a move to a single delivery provider, Grubhub.
Following earnings is it time to buy a well-done sell-off in Shake Shack (NYSE:SHAK)? Let's take a look at what exactly is happening off and on the SHAK stock price chart to allow for a stronger risk-adjusted determination.Source: JHENG YAO / Shutterstock.com This week's been marked by some ugly sessions for SHAK stock. In a nutshell, mixed quarterly results and a side order of costly 'customer experience' store upgrades and temporary closures next year had Wall Street heading for the exits. But was Shake Shack stock's single-largest price shellacking of 21% deserved?By the numbers, the burger chain delivered a 10-cent profit topper on earnings of 31 cents per share of SHAK stock. The significant 47% bottom-line beat also came in well-above last year's Q3 EPS of 17 cents.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe sales picture came in a bit more mixed. Revenue of $157.8 million did eke out a beat of consensus views pegged at $156.9 million. And sales compared to 2018's rake of $119.6 million certainly looked smart. But that's not the entire story.Investors selling and an analyst community, by and large, trimming price targets on SHAK stock appear to have been motivated by a couple other troubling factors and trends. * 7 Earnings Losers That Were Hit Hard This Season Same-store-sales rose 2%, but failed to meet Street forecasts of 2.7%. Some analysts taking their cue from management's prior quarterly release blamed the miss on "volatility" tied to making Grubhub (NYSE:GRUB) Shake Shack's exclusive delivery service. Further, unit-level margin of 23.1% also came up short of analyst views of 24.3%.Lastly, with management trimming its same-store sales full-year outlook from 2% to 1.5% and bumping its revenue guidance but still falling short of analyst views of $600 million by roughly 0.08%, investors had enough ingredients to place an order for near-term pain over long-term promise. SHAK Stock Price Monthly ChartIf misery loves company SHAK stock investors are far from alone this earnings season. In fact burger giant McDonald's (NYSE:MCD) stock and GRUB shares have also both taken it on the chin following their quarterly confessionals. More important, is Shake Shack now in position for investors to buy stronger value on the price chart? I don't believe SHAK stock price is there yet. * 7 Under-the-Radar Retail Stocks to Buy Now Looking at the monthly price chart, shares of SHAK have broken their 50% Fibonacci retracement level and roughly 6% from challenging the 62% line. Zone testing like this can and often does lead to bottoms with requiring a picture perfect touch of support. But in this case that's unlikely to happen.With SHAK's stochastics rolling over from an overbought condition -- and monthly Bollinger Band failing to back up a buy decision inside the zone -- there's a certain lack of evidence promoting a low in shares is nearby. My interpretation is Shake Shack stock could easily makes its way toward $50.Bottom line seems that the $50 area is where the 76% level, an angular support line and an appealing whole number come into play. There's also the possibility a rising, but currently removed from the action lower Bollinger Band could act as an additional support. Net, net there's still plenty of time and dollars to go before the proverbial dinner bell will be ringing loudly for SHAK bulls to take notice.Disclosure: 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 market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Sell Before They Roll Over * 5 Beaten-Up Stocks to Buy That Could Be Saved By An Acquisition * 4 Startup Stocks Getting Smashed The post Shake Shack Sell-Off Has Us Mulling Whatas Rattling SHAK Stock Bulls? appeared first on InvestorPlace.
Whilst it may not be a huge deal, we thought it was good to see that the Grubhub Inc. (NYSE:GRUB) Independent...
LOS ANGELES / ACCESSWIRE / November 6, 2019 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Grubhub Inc. ("Grubhub" ...
NEW YORK, NY / ACCESSWIRE / November 6, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Grubhub Inc. ("Grubhub" or "the Company") ...