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GRUB

GrubHub

$41.74

-0.34 (-0.81%)

, FB

Facebook

$128.57

1.03 (0.81%)

12:26
10/19/16
10/19
12:26
10/19/16
12:26

GrubHub dips briefly after Facebook launches food ordering feature

GrubHub (GRUB) shares dipped Wednesday morning after Facebook (FB) announced the launch of a new food ordering feature, potentially increasing competitive pressure against the platform. WHAT'S NEW: In an October 19 blog post, Facebook announced several additions aimed at boosting local businesses on the platform, including a food ordering feature: "You can now order food from restaurants directly from their Facebook Pages. Simply click 'Start Order' on any restaurant's Facebook Page that uses Delivery.com or Slice." The company noted that the new features begin rolling out in the U.S. today, adding that "over the coming months we'll be launching even more new features." PRICE ACTION: After initially falling near $41, GrubHub shares have recovered much of their losses and are trading down 0.5% to $41.86 near midday.

GRUB

GrubHub

$41.74

-0.34 (-0.81%)

FB

Facebook

$128.57

1.03 (0.81%)

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    Nov

GRUB GrubHub
$41.74

-0.34 (-0.81%)

10/10/16
ROTH
10/10/16
INITIATION
Target $44
ROTH
GrubHub initiated with a Neutral at Roth Capital
Roth Capital initiated GrubHub with a Neutral and a $44 price target.
10/12/16
ARGS
10/12/16
INITIATION
Target $52
ARGS
Buy
GrubHub initiated with a Buy at Argus
Argus analysts John Staszak and Mike Jaffe initiated with a Buy rating and a $52 price target.
10/12/16
10/12/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. AB InBev (BUD) reinstated with an Outperform at Credit Suisse. 2. GrubHub (GRUB) initiated with a Buy at Argus. 3. Dave & Buster's (PLAY) initiated with an Outperform at Wells Fargo. 4. Buckeye Partners (BPL) initiated with a Neutral at Credit Suisse. 5. Luminex (LMNX) initiated with an Outperform at Avondale. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/13/16
BOFA
10/13/16
UPGRADE
Target $46
BOFA
Buy
GrubHub upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Nat Schindler upgraded GrubHub to Buy and raised its price target to $46 from $40 based on expectations 2H 2016 gross food sales growth and take rate will accelerate. Schindler raised Q3 and Q4 estimates above management's guidance resulting in a FY17 earnings estimate of $1.15, versus consensus of $1.09.
FB Facebook
$128.57

1.03 (0.81%)

10/13/16
LOOP
10/13/16
NO CHANGE
Target $165
LOOP
Buy
Facebook keeps expanding addressable market, says Loop Capital
Loop Capital analyst Blake Harper noted that Facebook has launched several new products over the past week as the company keeps working to expand its addressable market. Among the new offerings, Harper sees "Events" as a natural extension of what people already use Facebook for, views "Workplace by Facebook" as the largest strategic leap and said "Marketplace" should be helpful for users but more difficult to scale as a business considering Facebook's prior challenges in making inroads in e-commerce. While he does not expect near term revenues from any of these products, Harper said Facebook's innovation gives him confidence in his longer-term estimates and keeps a Buy rating and $165 price target on the stock.
10/14/16
PIPR
10/14/16
NO CHANGE
Target $185
PIPR
Overweight
Piper's teen survey shows declining Facebook engagement
Piper Jaffray analyst Gene Munster says his firm's latest survey of over 10,000 teens shows Facebook engagement is decreasing. Engagement in the Fall survey is 52% versus 60% in Spring. Factoring out shifts in the population surveyed, core Facebook usage likely declined by three basis points, which indicates Facebook is gradually becoming less relevant versus Instagram and Snapchat, Munster tells investors in a research note. He points out, however, that teens indicating they use Instagram increased five points in the Fall 2016 survey, slightly faster than Snapchat's four points. Desire for engagement from brands on Instagram will drive long-term monetization above core Facebook levels, Munster contends, while noting that declining Facebook usage is a negative. The analyst keeps an Overweight rating on the shares with a $185 price target.
10/14/16
JPMS
10/14/16
NO CHANGE
Target $134
JPMS
Overweight
JPMorgan tweaks Alibaba, Netflix targets lower ahead of Q3 results
JPMorgan analyst Doug Anmuth lowered his price target for Alibaba (BABA) to $134 from $135 and his target for Netflix (NFLX) to $122 from $125 ahead of the Q3 reporting season. Both stocks remain Overweight rated. The analyst slightly lowered his estimates for Alibaba to reflect tougher inventory comps and increased investment spending. He remains positive on the company's overall monetization trends. On Netflix, Anmuth tweaked his 2017 average selling price forecast lower while increasing his investment spend estimate modestly. Within the Internet space, the analyst's top large-cap picks into the quarter are Alphabet (GOOGL), Facebook (FB) and Amazon.com (AMZN). Among small-caps, his top picks into earnings are Yelp (YELP), Pandora (P) and Match Group (MTCH).
10/17/16
FBCO
10/17/16
NO CHANGE
Target $170
FBCO
Outperform
Facebook price target raised to $170 from $154 at Credit Suisse
Credit Suisse analyst Stephen Ju raised Facebook's price target to $170 from $154 on a roll forward to the end of 2017 estimates. Ju's Outperform rating and investment thesis remain unchanged and continues to expect Facebook will be able to drive long term revenue growth without a material lift in ad loads, street models continue to underestimate the long-term monetization potential of upcoming new products, and upward bias to estimates, which do not contemplate contributions from multiple other products including WhatsApp, Messenger, and Offers/Local.

TODAY'S FREE FLY STORIES

VRSN

VeriSign

$93.77

0.97 (1.05%)

18:36
06/28/17
06/28
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06/28/17
18:36
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VeriSign says renews .net control through 2023 »

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DD

DuPont

$81.28

0.59 (0.73%)

, DOW

Dow Chemical

$63.25

0.62 (0.99%)

18:34
06/28/17
06/28
18:34
06/28/17
18:34
Hot Stocks
DuPont, Dow Chemical boards reiterate support of merger agreement »

Dow Chemical Company…

DD

DuPont

$81.28

0.59 (0.73%)

DOW

Dow Chemical

$63.25

0.62 (0.99%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 25

    Jul

TPX

Tempur Sealy

$50.87

0.07 (0.14%)

18:33
06/28/17
06/28
18:33
06/28/17
18:33
Hot Stocks
Tempur Sealy enters standstill pact with H Partners, board member Nabi »

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ALJ

Alon USA Energy

$13.33

0.15 (1.14%)

, DK

Delek US

$26.43

0.25 (0.95%)

18:26
06/28/17
06/28
18:26
06/28/17
18:26
Hot Stocks
Alon USA Energy stockholders approve Delek US merger »

Alon USA Energy (ALJ)…

ALJ

Alon USA Energy

$13.33

0.15 (1.14%)

DK

Delek US

$26.43

0.25 (0.95%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 28

    Jun

  • 29

    Jun

ANCUF

Alimentation Couche-Tard

$49.30

0.144 (0.29%)

, CST

CST Brands

18:25
06/28/17
06/28
18:25
06/28/17
18:25
Hot Stocks
Alimentation Couche-Tard confirms closing of CST Brands acquisition »

Alimentation Couche-Tard…

ANCUF

Alimentation Couche-Tard

$49.30

0.144 (0.29%)

CST

CST Brands

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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BK

BNY Mellon

$50.60

0.92 (1.85%)

18:04
06/28/17
06/28
18:04
06/28/17
18:04
Hot Stocks
BNY Mellon announces strategic alliance with One Investment Group »

BNY Mellon and One…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 20

    Jul

PRGS

Progress Software

$30.82

0.74 (2.46%)

, WOR

Worthington

$47.36

2 (4.41%)

18:03
06/28/17
06/28
18:03
06/28/17
18:03
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

PRGS

Progress Software

$30.82

0.74 (2.46%)

WOR

Worthington

$47.36

2 (4.41%)

GEMP

Gemphire Therapeutics

$12.27

0.43 (3.63%)

NXTD

Nxt-ID

$1.66

0.2505 (17.77%)

KLIC

Kulicke & Soffa

$20.02

0.53 (2.72%)

SRPT

Sarepta

$33.86

0.83 (2.51%)

SPLS

Staples

$9.93

0.77 (8.41%)

FITB

Fifth Third

$25.49

0.4 (1.59%)

DFS

Discover

$61.88

0.81 (1.33%)

STI

SunTrust

$56.09

0.88 (1.59%)

C

Citi

$65.18

0.95 (1.48%)

RF

Regions Financial

$14.09

0.09 (0.64%)

BK

BNY Mellon

$50.60

0.92 (1.85%)

JPM

JPMorgan

$89.82

1.77 (2.01%)

CFG

Citizens Financial

$35.34

0.5 (1.44%)

BAC

Bank of America

$23.88

0.61 (2.62%)

MS

Morgan Stanley

$44.32

0.1 (0.23%)

WFC

Wells Fargo

$54.33

1.17 (2.20%)

PNC

PNC Financial

$123.40

2.28 (1.88%)

ZION

Zions Bancorp

$42.97

0.43 (1.01%)

GS

Goldman Sachs

$223.22

2.94 (1.33%)

AXP

American Express

$83.97

0.89 (1.07%)

USB

U.S. Bancorp

$51.98

0.84 (1.64%)

PIR

Pier 1 Imports

$5.38

0.04 (0.75%)

BLCM

Bellicum Pharmaceuticals

$13.32

0.18 (1.37%)

AKBA

Akebia

$15.50

-0.19 (-1.21%)

DOC

Physicians Realty Trust

$21.60

0.08 (0.37%)

CRZO

Carrizo Oil & Gas

$15.61

-0.47 (-2.92%)

COF

Capital One

$82.98

1.6 (1.97%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 28

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    Jun

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    Jun

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    Oct

  • 15

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    Jan

  • 13

    Apr

  • 14

    Jul

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    Oct

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    Jun

VRX

Valeant

$17.15

0.5 (3.00%)

18:02
06/28/17
06/28
18:02
06/28/17
18:02
Hot Stocks
Salix confirms FDA accepts NDA for PLENVU »

Valeant…

03/08/13
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03/08/13
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03/06/13
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  • 24

    Aug

NTNX

Nutanix

$20.36

1.72 (9.23%)

, GOOG

Alphabet

$940.49

13.16 (1.42%)

18:02
06/28/17
06/28
18:02
06/28/17
18:02
Hot Stocks
Nutanix announces strategic alliance with Google Cloud »

Nutanix (NTNX) announced…

NTNX

Nutanix

$20.36

1.72 (9.23%)

GOOG

Alphabet

$940.49

13.16 (1.42%)

GOOGL

Alphabet Class A

$961.01

12.92 (1.36%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 28

    Jun

  • 28

    Jun

  • 19

    Jul

CE

Celanese

$93.42

0.62 (0.67%)

18:02
06/28/17
06/28
18:02
06/28/17
18:02
Hot Stocks
Celanese increases price of Dibutyl Maleate and Dioctyl Maleate in Europe »

Celanese will increase…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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GS

Goldman Sachs

$223.22

2.94 (1.33%)

18:00
06/28/17
06/28
18:00
06/28/17
18:00
Hot Stocks
Goldman Sachs: Fed did not object to capital plan »

Goldman Sachs announced…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 18

    Jul

  • 17

    Oct

COLB

Columbia Banking

$39.35

0.49 (1.26%)

17:56
06/28/17
06/28
17:56
06/28/17
17:56
Hot Stocks
Columbia Banking names Hadley Robbins CEO »

Columbia Banking System…

03/08/13
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03/06/13
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NFBK

Northfield Bancorp

$17.36

0.3 (1.76%)

17:55
06/28/17
06/28
17:55
06/28/17
17:55
Hot Stocks
Northfield Bancorp CEO John Alexander to retire, Steven Klein to succeed »

Northfield Bancorp…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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JBLU

JetBlue

$22.96

0.25 (1.10%)

, AAL

American Airlines

$49.25

0.75 (1.55%)

17:43
06/28/17
06/28
17:43
06/28/17
17:43
Hot Stocks
Homeland Security announces new aviation security measures »

Secretary of Homeland…

JBLU

JetBlue

$22.96

0.25 (1.10%)

AAL

American Airlines

$49.25

0.75 (1.55%)

UAL

United Continental

$76.70

0.7 (0.92%)

DAL

Delta Air Lines

$53.84

1 (1.89%)

LUV

Southwest

$62.01

0.5 (0.81%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 30

    Jun

  • 07

    Jul

TD

Toronto-Dominion

$50.43

0.86 (1.73%)

17:38
06/28/17
06/28
17:38
06/28/17
17:38
Hot Stocks
Toronto-Dominion confirms Fed did not object to 2017 capital plan »

"The Board of…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
Barclays

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SC

Santander Consumer

$12.52

0.13 (1.05%)

, SAN

Banco Santander

$6.85

0.19 (2.85%)

17:32
06/28/17
06/28
17:32
06/28/17
17:32
Hot Stocks
Santander Consumer confirms portion of Santander USA capital plan »

Santander Consumer (SC)…

SC

Santander Consumer

$12.52

0.13 (1.05%)

SAN

Banco Santander

$6.85

0.19 (2.85%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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CSGP

CoStar Group

$265.43

2.65 (1.01%)

17:30
06/28/17
06/28
17:30
06/28/17
17:30
Hot Stocks
CoStar Group sued by Xceligent for antitrust violations »

Xceligent, a provider of…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 28

    Jun

  • 29

    Jun

BGCP

BGC Partners

$12.16

0.06 (0.50%)

17:29
06/28/17
06/28
17:29
06/28/17
17:29
Earnings
BGC Partners sees Q2 revenues near high end of previous range, consensus $702M »

Prior view was…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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WOR

Worthington

$47.36

2 (4.41%)

17:27
06/28/17
06/28
17:27
06/28/17
17:27
Earnings
Worthington reports Q4 EPS 87c, consensus 83c »

Reports Q4 revenue…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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  • 29

    Jun

  • 30

    Oct

HBAN

Huntington Bancshares

$13.14

0.23 (1.78%)

17:25
06/28/17
06/28
17:25
06/28/17
17:25
Hot Stocks
Huntington Bancshares plans to raise dividend 38%, repurchase $308M of stock »

Huntington Bancshares was…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 21

    Jul

SPLS

Staples

$9.94

0.78 (8.52%)

17:20
06/28/17
06/28
17:20
06/28/17
17:20
Hot Stocks
Staples to be acquired by Sycamore Partners for roughly $6.9B »

Staples and Sycamore…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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SPLS

Staples

$9.93

0.77 (8.41%)

17:19
06/28/17
06/28
17:19
06/28/17
17:19
Hot Stocks
Breaking Hot Stocks news story on Staples »

Staples to be acquired by…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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SPLS

Staples

$9.93

0.77 (8.41%)

17:19
06/28/17
06/28
17:19
06/28/17
17:19
Hot Stocks
Breaking Hot Stocks news story on Staples »

Staples trading halted,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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OSG

Overseas Shipholding

$2.84

0.29 (11.37%)

17:18
06/28/17
06/28
17:18
06/28/17
17:18
Hot Stocks
Overseas Shipholding CFO Christopher Wolf resigns »

Overseas Shipholding…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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LMT

Lockheed Martin

$280.02

2.19 (0.79%)

17:18
06/28/17
06/28
17:18
06/28/17
17:18
Hot Stocks
Lockheed Martin awarded $257.8M government contract modification »

Lockheed Martin Corp.,…

03/08/13
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03/08/13
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03/06/13
Citigroup
03/06/13
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