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GRUB

GrubHub

$98.32

-1.55 (-1.55%)

07:24
04/12/18
04/12
07:24
04/12/18
07:24

GrubHub price target raised to $110 from $87 at Citi

Citi analyst Mark May raised his price target for GrubHub to $110 to reflect the total addressable market expansion from the company's partnership with Yum! He believes, however, that the current valuation appears to already reflect the growth outlook. The analyst keeps a Neutral rating on GrubHub.

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GRUB GrubHub
$98.32

-1.55 (-1.55%)

03/13/18
GUGG
03/13/18
NO CHANGE
Target $140
GUGG
Buy
GrubHub price target raised to $140 from $94 at Guggenheim
Guggenheim analyst Matthew DiFrisco raised his price target for GrubHub (GRUB) to $140 after conducting a survey of 1,000 domestic consumers that used food delivery in the last month to better assess the current delivery consumer. The stock closed yesterday up $1.03 to $109.59. The survey findings "heavily supported" Grubhub's model, which offers the consumer a wide choice of restaurants at a moderate premium for the incremental delivery service but with a consistent experience, DiFrisco tells investors in a research note. He believes Grubhub's restaurant network has a lot of headroom to grow as it currently has 80,000 restaurants across its platforms, and with the Yum! Brands (YUM) partnership, he sees that approaching 100,000 restaurants during 2019. DiFrisco says his new price target reflects an upwardly revised outlook for GrubHub's total addressable market in light of its strategic shift to partner with national chains. The analyst keeps a Buy rating on the shares.
03/19/18
STFL
03/19/18
DOWNGRADE
Target $110
STFL
Hold
GrubHub downgraded to Hold from Buy at Stifel
Stifel analyst John Egbert downgraded GrubHub to Hold while raising his price target for the shares to $110 from $100. The stock closed Friday down 36c to $110.53. The analyst cites valuation for the downgrade following the stock's recent rally.
03/19/18
STFL
03/19/18
DOWNGRADE
Target $100
STFL
Hold
GrubHub downgraded to Hold from Buy at Stifel on valuation
Stifel analyst John Egbert downgraded GrubHub (GRUB) to Hold from Buy and lowered his price target on shares to $100 from $110 based on valuation as near-term risk/reward appears balanced at current levels. In a research note to investors, Egbert noted that GrubHub shares have performed "exceptionally" well in 2018, up 54% year-to-date, and has executed well over the last few quarters, particularly in its 1P delivery business, which he expects will meaningfully benefit from the partnership with Yum! Brands (YUM) later this year.
03/19/18
03/19/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Arista Networks (ANET) downgraded to Sell from Hold at Deutsche Bank with analyst Vijay Bhagavath saying he is more cautious on the company's beat and raise story after his primary research indicated volatility in product orders. 2. GrubHub (GRUB) downgraded to Hold from Buy at Stifel with analyst John Egbert citing valuation as near-term risk/reward appears balanced at current levels. 3. Akcea Therapeutics (AKCA) downgraded to Market Perform from Outperform at Wells Fargo with analyst Jim Birchenough saying he sees the shares as fairly valued ahead of the expected volanesorsen approval and launch by July 6. 4. Zoetis (ZTS) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst David Risinger saying shares are approaching his $87 price and now sees more balanced risk/reward. 5. Suburban Propane (SPH) and AmeriGas (APU) were downgraded to Underweight from Neutral at JPMorgan. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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CE

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IOTS

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SIGM

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BRK.A

Berkshire Hathaway

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TMK

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SMHI

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-0.86 (-3.62%)

, CG

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AVAV

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XLE

Energy Select Sector SPDR

$73.30

-0.36 (-0.49%)

, XLU

Utilities SPDR

$50.29

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General news
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Energy Select Sector SPDR

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Utilities SPDR

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IYR

DJ US Real Estate Index Fund

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XLP

Consumer Staples Sector SPDR

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Consumer Discretionary Sector SPDR

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XLB

S&P Select Materials SPDR

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XLF

Financial Select Sector

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Health Care Select Sector SPDR

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Technology Select Sector SPDR

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Industrial Select Sector SPDR

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GLD

SPDR Gold Trust

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SLV

iShares Silver Trust

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USO

United States Oil Fund

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UNG

United States Natural Gas Fund

$22.56

0.475 (2.15%)

HYG

iShares iBoxx $ High Yield Corporate Bond

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LQD

iShares iBoxx $ Investment Grade Corporate Bond

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TLT

iShares 20+ Year Treasury Bond Fund

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iShares 7-10 Year Treasury Bond ETF

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iShares 1-3 Year Treasury Bond

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iShares Russell 1000 Value

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iShares Russell 1000 Growth

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JAGX

Jaguar Health

$0.16

-0.0051 (-3.02%)

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WMT

Walmart

$86.98

-0.9 (-1.02%)

, FB

Facebook

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-1.82 (-1.08%)

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WMT

Walmart

$86.98

-0.9 (-1.02%)

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SPY

SPDR S&P 500 ETF Trust

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General news
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CTXR

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FPI

Farmland Partners

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GIFI

Gulf Island Fabrication

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0.05 (0.57%)

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AMID

American Midstream Partners

$11.45

-0.1 (-0.87%)

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AMID

American Midstream Partners

$11.45

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SSC

Seven Stars Cloud Group

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HNI

HNI Corporation

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-0.28 (-0.79%)

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HNI

HNI Corporation

$35.35

-0.28 (-0.79%)

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HNI

HNI Corporation

$35.35

-0.28 (-0.79%)

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WHR

Whirlpool

$149.43

-2.505 (-1.65%)

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