|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||67.91 - 69.81|
|52 Week Range||66.62 - 149.35|
|Beta (3Y Monthly)||0.72|
|PE Ratio (TTM)||80.69|
|Earnings Date||Apr 29, 2019 - May 3, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||104.38|
Jimmy John's is pushing speed and freshness in new ads as it refuses to deal with third-party delivery vendors.
What's New in Tech: Instagram, Google, Waymo, Xiaomi, and More(Continued from Prior Part)GrubHub stock fell after analysts said it was losing diners Online food delivery company GrubHub (GRUB) saw its stock tank 8.37% on March 19 after KeyBanc
GrubHub, Inc. (NASDAQ: GRUB ) is one of the most heavily shorted stocks on Wall Street, but financial technology and analytics firm S3 Partners analyst Ihor Dusaniwsky said Wednesday GrubHub short sellers ...
From a valuation perspective, GrubHub (NYSE:GRUB) is one of the cheapest growth stocks in the market. On an absolute basis, GRUB stock certainly isn't cheap, at nearly 50x 2019 EPS estimates. But given torrid revenue growth and still-strong EBITDA margins, that multiple is reasonable. A valuation of ~5x 2019 revenue guidance looks downright cheap compared to other platform plays.Source: Shutterstock And GRUB certainly is much cheaper than it was, having dropped by more than 50% from September highs. If the company can keep growing, there's an obvious path to solid upside here, particularly in a market where many similar plays have valuation worries.At the moment, however, that seems like a big "if," 2019 guidance given with Q4 results last month was notably disappointing. Costs are rising faster than revenue, leading to lower margins. And there's an increasing amount of commentary suggesting that GrubHub is losing market share despite that spend.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Cloud Stocks to Help Your Portfolio Fly If that share erosion continues, GRUB stock probably isn't cheap enough - and maybe not close. But if GrubHub can even stabilize share, GrubHub stock can rebound sharply. Disappointing 2019 GuidanceA number of high-multiple platform stocks stumbled in the fourth quarter, including GRUB, Square (NYSE:SQ), and Shopify (NYSE:SHOP). In a stronger market in 2019, SQ and SHOP have rallied; GRUB has not.One key reason is that Q4 earnings disappointed, particularly in terms of 2019 guidance. The revenue outlook still looks reasonably strong, with GrubHub projecting 31-41% growth on the top line. But costs are soaring, leading to pressure on margins. EBITDA is guided to increase just 1-13% from 2018 levels. EBITDA margins are guided to just 18.3% - against a 26.9% figure back in 2017.That in and of itself isn't fatal to the bull case for GrubHub stock. The company is investing behind the business: sales and marketing spend nearly doubled between 2016 and 2018, for instance. But that spend should drive further revenue and profits.Operations and support spend has risen even faster, climbing 165% over the past two years. Some of that spend, however, comes as GrubHub enters new markets - which create new costs before revenues kick in.Still, there are worries that margins are going in the wrong direction, when the point of a platform business is that those margins expand as the business scales. GRUB management said on the Q4 conference call that the rate of spending increase would slow as the year went on, presumably allowing for a return to expense leverage in 2019. But the performance of GrubHub stock of late shows that investors remain somewhat skeptical. Market Share and GRUB StockThe concern at the moment is that GrubHub is making all these investments and yet still losing market share. Last week, Edison Trends reported that privately held DoorDash had passed GrubHub in market share. On Wednesday, analysts at KeyBanc Capital Markets raised more market share worries. GrubHub stock dropped 8.4% on that report.The move on Wednesday shows that investors are taking these concerns seriously. And they should. GrubHub is spending now to build out its business - and yet market share is declining. Is GrubHub giving up margin simply to run in place - at best?If that's the case, that's a problem for GRUB stock - even 50%+ off the highs. Competition isn't going anywhere. DoorDash likely will go public at some point in the near future. Uber, operator of UberEats, will execute its IPO this year. Amazon.com (NASDAQ:AMZN) whose moves have tanked GRUB stock in the past still looms.To be sure, GrubHub shouldn't be written off just yet. The company recently added Yum! Brands (NYSE:YUM) concept Taco Bell as a customer, a nice get. New markets should provide growth in the second half of 2019 and beyond. It's unlikely that growth is going to be come to a screeching halt and if it doesn't, GRUB stock really isn't as expensive as it looks. Can GrubHub Stock Rally Again?A 50x multiple to 2019 EPS estimates hardly looks cheap. But if GrubHub management is right, and spend will pull back in 2020, GRUB can get reasonably valued in a hurry. Right now, 2020 estimates are for $2.22 in EPS, suggesting 50%+ growth and a 32x multiple. Assuming growth returns that year and continues going forward, GRUB can back to $100+ in a hurry.35x 2021 EPS estimates around $3 does the trick. And even with KeyBanc's caution, the Street remains bullish: the average target price for GRUB stock remains over $100, suggesting 50%+ upside.So there is a path for GrubHub stock to provide superior returns. That will require costs to come down as scheduled in 2020 - without an attendant loss in market share. Given the potential upside, betting on GrubHub to pull that off certainly seems intriguing, at least.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Invincible Stocks Leading The Bull Market Higher * 5 Dow Jones Stocks Coming to Life * 7 of the Best High-Yield Funds for 2019 and Beyond Compare Brokers The post The Future of GRUB Stock Will Come Down to Market Share appeared first on InvestorPlace.
Legal marijuana is on the brink of explosive growth. But there are two key hurdles to overcome… and marijuana REITs like Innovative Industrial Properties (NYSE:IIPR) are solving them both.For growers, it's not easy to produce high-grade marijuana. Nor is it cheap -- and getting that funding is tricky. Until the U.S. government removes marijuana from its list of Schedule I drugs -- the ones considered most dangerous, like heroin -- most banks want no part of it. (No matter how bright the future looks.)For investors, the options have been limited, as that Schedule I label prohibits most U.S. companies from listing on the NYSE or NASDAQ.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNotice I said "most."IIPR stock is one of the few. Why can it list on those major stock exchanges? Because it never actually touches the plant. This is one of the smartest ways to invest in the exploding marijuana industry while it is still technically illegal federally. * Top 7 Service Sector Stocks That Will Pay You to Own Them Like all marijuana REITs, Innovative Industrial Properties simply plays landlord to the growers. Here's how it works: IIPR buys freestanding properties from medical marijuana growers licensed by their respective states. It then leases the properties back to the growers. This gives those growers an infusion of capital to expand their operations and increase production. In return, the REIT receives regular rent payments under a long-term lease.Pretty slick, huh? Wall Street is certainly taking notice:Institutional investors now hold 59% of IIPR stock. Big players like Vanguard, Blackrock, and Wellington were largely the ones to cash in when shares hit a new 52-week high on the company's March earnings report.But marijuana REITs are also popular among investors like you and me -- because of their unique business model, as well as their dividends.Take a look at Innovative Industrial Properties' earnings and you'll see its rental income is growing exponentially. Then, because of the REIT structure, at least 90% of that gets passed along to shareholders. Innovative Industrial Properties paid a $0.35 dividend in Q4 -- 40% higher than the previous year -- and it's already announced another dividend hike in Q1, to $0.45. That makes for a nice forward yield of over 2%. (This is even after the price of the stock nearly doubled since December.)IIPR is a great stock, and now everybody is finding that out.But I like to invest way BEFORE everyone jumps on board. Getting in before the crowd is how you make the big money. And that stock is up over 160% since I recommended it to my Investment Opportunities readers last August.Back in college, I bought a brand-new apparel stock called True Religion for $0.20 -- then it popped up above $20.That's actually what set me on my journey to New York City… my career with Charles Schwab, then my own firm, Penn Financial Group… and nowadays my newsletters, including Investment Opportunities.I got people into Intuitive Surgical (NASDAQ:ISRG) at $10. Now it's over $550. We saw GrubHub (NYSE:GRUB) go from $35 to $140.I like to wait a couple of months after the IPO before investing, to avoid early volatility. That's what I advised for Facebook (NASDAQ:FB), which did in fact make an early stumble before it went into the stratosphere. (I'm still waiting for Twitter (NYSE:TWTR) to "show us the money.")And now, I've got my eye on a company called Treehouse. The Next IIPR?Treehouse is one of the marijuana REITs I think you should put on your radar. It's an up-and-comer, and this one focuses on retail, in addition to cultivation facilities.On Monday, Treehouse announced that it had raised $45.5 million in a private deal. (And that was from a "federally-insured commercial bank" -- a great example of how marijuana REITs can break that funding barrier.) That's after the REIT raised $133 million in its spinoff from MedMen Enterprises (OTCMKTS:MMNFF) in January.Treehouse is looking to expand its lineup of cannabis retail and industrial facilities…… and I also think it's headed toward an IPO.That's right. Treehouse is still privately held, but maybe not for long.Large amounts of private fundraising tend to indicate a company is building toward its "exit" in the form of a public offering. One study from PitchBook found that venture capital-backed companies were raising an average of $108 million before an IPO.If the rumors start flying and you hear about Treehouse on TV, well… you heard it here first. I'll definitely be keeping an eye on this REIT -- and so should you.Now, don't get me wrong:If Treehouse goes public, it wouldn't necessarily be an automatic buy. There's some homework to do first: make sure the fundamentals back up the hype. And the timing has to be right.That's all part of my Cannabis Cash Calendar system, which I designed specifically for marijuana IPOs. The early results are impressive, if I do say so myself, including an 80% gainer in less than four months.I already have the date circled for my next recommendation -- just two weeks away, on April 4.You can get exclusive access to it as soon as it's released to my Investment Opportunities readers. Click here to learn more about this opportunity and how to get on the list to be notified.Even if you don't know a thing about the marijuana markets… even if you've never bought a stock before. You could take just a small stake, and potentially multiply that over the next 12 months. Click here for more on this incredible trend.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Financial Stocks to Invest In Today * 7 Single-Digit P/E Stocks With Massive Upside * 5 Chip Stocks on the Rise Compare Brokers The post Why Marijuana REITs Are One of the Best Investments Today appeared first on InvestorPlace.
KeyBanc analysts wrote in a note on Tuesday that GrubHub is failing to retain customers as its rivals continue to grow. GrubHub's stock sank following the assessment. The analysts said more customers are using multiple platforms for food delivery.
KeyBanc Capital Markets analysts wrote in a note Tuesday that GrubHub is failing to retain customers as its rivals continue to grow.
GrubHub is having its lunch eaten by rival DoorDash, a new KeyBanc Capital Markets report concludes, sending its stock tumbling.
A Look at Amazon's Latest Moves to Refresh Its Strategy(Continued from Prior Part)Amazon Restaurants begins operation in RichmondEarlier this month, Amazon (AMZN) introduced its food delivery service, Amazon Restaurants, in Richmond, Virginia,
Payment Providers Seeking Fat Paychecks: PYPL, SQ, and FISV(Continued from Prior Part)$472 million in loans to small businessesSquare (SQ), which has been extending loans to small businesses for a few years now, sees more room for growth on this
It used to be that pizza was one of the only meals diners could have delivered. But thanks to technology and enterprising delivery companies, seemingly every cuisine is now available for consumption at home. Prominent chains like Domino’s, Pizza Hut, and Papa John’s have always handled delivery operations in-house. That is until Pizza Hut and […]
Several are competing in the U.S. online-delivery market currently worth $8 billion annually, according to Canaccord Genuity estimates. The market-research firm estimates Uber Eats and Grubhub still lead DoorDash in terms of the number of customer orders. DoorDash currently serves significantly more restaurants than Uber Eats and Grubhub, according to the companies.
Today, Papa John’s officially announced a deal with delivery service DoorDash to deliver pizza at 1,400 locations as briefly noted in the company’s fourth quarter earnings report in February. Last month, Grubhub said it was piloting Pizza Hut delivery at some of its stores, working to expand to “several hundred” locations over the next few months. Pizza […]
After raising nearly $1.2 billion in just a year, food delivery startup DoorDash has exploded in popularity to steal market share from competitors Grubhub and Uber Eats.
opened the DoorDash Inc. app in Anchorage, Alaska, earlier this year, the 24-year-old teacher found far fewer restaurant options than when she had used the delivery service while visiting friends in Seattle last fall. Let us know.
GrubHub Inc NYSE:GRUBView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate * Economic output in this company's sector is expanding Bearish sentimentShort interest | NegativeShort interest is moderately high for GRUB with between 10 and 15% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding GRUB are favorable, with net inflows of $2.61 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, but is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Inc. or Postmates Inc. But while Ms. Knapik is more than a casual user of food-delivery services, she says her decisions about when and whether to order depend considerably on which companies offer her discounts. “They were sending them almost every day it seemed,” Ms. Knapik said, adding that DoorDash Inc. recently mailed her a $5 coupon.
GrubHub (GRUB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.