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Fly News Breaks for February 20, 2019
GRUB
Feb 20, 2019 | 07:54 EDT
Argus analyst John Staszak lowered his price target on GrubHub to $100 after its Q4 earnings and revenue miss, also lowering his FY19 EPS outlook to $1.80 from $2.60 to reflect the company's "investments in marketing and technology" leading to near-term margin deterioration. Longer term, Staszak keeps his Buy rating on GrubHub on valuation, saying its 2019 PEG ratio of 1.9-times is a discount relative to its peer internet and software services in spite of its higher growth rate forecast.
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