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MCD

McDonald's

$152.81

0.8231 (0.54%)

, GRUB

GrubHub

$45.09

1.77 (4.09%)

13:57
06/19/17
06/19
13:57
06/19/17
13:57

Study shows delivery doesn't impact restaurant visits, NRN reports

A consumer study by Sense360 concluded that delivery apps do not cannibalize restaurant foot traffic, reports Nation's Restaurant News. Sense360's study tracked over 21M restaurant visits before and after downloads of third-party apps such as GrubHub (GRUB), and found "no evidence that delivery apps drive significant, short-term drops in visitation," according to the report. In one data point, Sense360 determined that customers who downloaded UberEats didn't reduce their visits to McDonald's (MCD) during the company's delivery tests in Florida. The report notes that the study had one "caveat" -- its relatively short 90-day timeframe. Reference Link

MCD

McDonald's

$152.81

0.8231 (0.54%)

GRUB

GrubHub

$45.09

1.77 (4.09%)

MCD McDonald's
$152.81

0.8231 (0.54%)

06/13/17
BOFA
06/13/17
NO CHANGE
Target $175
BOFA
Buy
McDonald's price target to $175, remains a top pick at BofA/Merrill
BofA/Merrill analyst Gregory Francfort continues to view McDonald's as a top pick and sees further upside from aggressive value plans slated for early 2018 and unit economics. The analyst said McDonald's is one of the few restaurant companies that can increase franchisee economics through lower price points and can get more aggressive than peers due to higher margins. Francfort raised McDonald's price target to $175 from $165 based on FY18 earnings and reiterated his Buy rating.
06/08/17
MZHO
06/08/17
INITIATION
Target $168
MZHO
Buy
McDonald's initiated with a Buy at Mizuho
Mizuho initiated McDonald's with a Buy and a $168 price target.
06/08/17
FBCO
06/08/17
NO CHANGE
Target $165
FBCO
Outperform
McDonald's price target raised to $165 from $157 at Credit Suisse
Credit Suisse analyst Jason West raised his Q2 U.S. same-store sales growth forecast for McDonald's to 3% from 2.5% after his checks with franchisees suggested that the brand's momentum is continuing. The analyst, who keeps an Outperform rating on McDonald's shares, raised his price target on the stock to $165 from $157.
06/05/17
BARD
06/05/17
NO CHANGE
Target $164
BARD
Outperform
McDonald's price target raised to $164 from $150 at Baird
Baird analyst David Tarantino raised his price target on McDonald's to $164 from $150 as sees the company being well positioned to deliver standout operating performance in upcoming quarters. McDonald's should sustain a premium valuation based on its outlook and business model, said Tarantino, who reiterated his Outperform rating on the shares.
GRUB GrubHub
$45.09

1.77 (4.09%)

06/15/17
06/15/17
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. GrubHub (GRUB) initiated with a Market Perform at Wells Fargo. 2. Delphi (DLPH) initiated with an Outperform at Raymond James. 3. Arena Pharmaceuticals (ARNA) initiated with an Overweight at Cantor. 4. Arris (ARRS) initiated with a Buy at BTIG. 5. Celestica (CLS) reinstated with a Neutral at BofA/Merrill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/15/17
WELS
06/15/17
INITIATION
Target $45
WELS
Market Perform
GrubHub initiated with a Market Perform at Wells Fargo
Wells Fargo analyst Peter Stabler started GrubHub with a Market Perform rating and $45 price target. The analyst sees growing competition and believes the current valuation adequately reflects GrubHub's "opportunity and leadership position."
05/22/17
ROTH
05/22/17
NO CHANGE
ROTH
Buy
Roth says Facebook headline risk may be greater than business impact on GrubHub
After Facebook (FB) rolled out of its "Order Food" button last week, Roth Capital analyst Darren Aftahi noted that the social media giant's initial partners, Slice and delivery.com, have smaller footprints than GrubHub (GRUB) and Yelp's (YELP) eat24, which leads him to believe that the headline risk may be greater than the business impact. However, he cautions that the thinks Facebook's ambition to become a full-service local directory platform increases long-term risk for Yelp. Aftahi keeps a Buy rating on GrubHub and a Sell rating on Yelp.
04/28/17
OPCO
04/28/17
NO CHANGE
Target $48
OPCO
Outperform
GrubHub price target raised to $48 from $42 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for GrubHub to $48 from $42 after the company reported better than expected Q1 results, which should dispel competition concerns. The analyst reiterates an Outperform rating on the shares.

TODAY'S FREE FLY STORIES

ISBC

Investors Bancorp

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PAM

Pampa Energia S.A.

$60.93

0.2 (0.33%)

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PRGS

Progress Software

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PRGS

Progress Software

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JEC

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BNPQY

BNP Paribas

$39.68

0.19 (0.48%)

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AXA

$29.47

0.13 (0.44%)

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Periodicals
BNP weighing tie-up of money-management division with Axa unit, Bloomberg says »

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BNP Paribas

$39.68

0.19 (0.48%)

AXAHY

AXA

$29.47

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CHFC

Chemical Financial

$49.32

0.71 (1.46%)

07:45
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Chemical Financial rating change  »

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QSII

Quality Systems

$15.71

-0.14 (-0.88%)

07:45
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Initiation
Quality Systems initiated  »

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N.Y. FX Outlook »

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HOLI

Hollysys

$20.77

0.42 (2.06%)

07:44
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Conference/Events
Hollysys management to meet with Deutsche Bank »

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CYTK

Cytokinetics

$14.25

0.1 (0.71%)

, AMGN

Amgen

$186.47

-1 (-0.53%)

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$14.25

0.1 (0.71%)

AMGN

Amgen

$186.47

-1 (-0.53%)

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KORS

Michael Kors

$44.65

-0.27 (-0.60%)

07:43
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Technical View: Michael Kors moves higher, analyst action »

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INTC

Intel

07:43
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Periodicals
Intel Capital invested over $1B in AI-focused companies, TechCrunch says »

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PDCO

Patterson Companies

$37.94

-0.59 (-1.53%)

07:43
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BABA

Alibaba

$179.98

3.28 (1.86%)

, BSTI

BEST Inc

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Syndicate
BEST Inc cuts size of proposed IPO following 'tepid' response, Reuters reports »

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BABA

Alibaba

$179.98

3.28 (1.86%)

BSTI

BEST Inc

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FOLD

Amicus

$13.67

-0.21 (-1.51%)

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RAD

Rite Aid

$2.73

0.1 (3.80%)

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MDGL

Madrigal Pharmaceuticals

$19.80

0.99 (5.26%)

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MDSO

Medidata

$75.85

-0.01 (-0.01%)

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ABX

Barrick Gold

$16.92

-0.38 (-2.20%)

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Conference/Events
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SFTBF

SoftBank

$78.30

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MCK

McKesson

$148.42

-1.46 (-0.97%)

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SUPN

Supernus

$49.65

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