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GRUB

GrubHub

$70.15

-2.76 (-3.79%)

, AMZN

Amazon.com

$1,870.07

-0.23 (-0.01%)

13:04
06/15/19
06/15
13:04
06/15/19
13:04

Food fight extending well beyond restaurant delivery, Barron's says

Amazon (AMZN) is quitting its meal delivery service, making the shares of GrubHub (GRUB) rise on the news, Jack Hough writes in this week's edition of Barron's. Online food ordering will rise 20% to $56B this year in the U.S., and 16% to $203B worldwide, predicts market researcher Euromonitor, and the "food fight" extends well beyond restaurant delivery, the author notes. Autonomous driving will eventually solve for the least-scalable part of food delivery-people, and companies that survive the thin-margin years between now and then could enjoy powerful network effects, and rich profits, he contended. Reference Link

GRUB

GrubHub

$70.15

-2.76 (-3.79%)

AMZN

Amazon.com

$1,870.07

-0.23 (-0.01%)

  • 25

    Jun

  • 27

    Jun

  • 10

    Jul

GRUB GrubHub
$70.15

-2.76 (-3.79%)

06/14/19
DBAB
06/14/19
NO CHANGE
DBAB
Hold
GrubHub debt issue points to 'aggressive competition,' says Deutsche Bank
Deutsche Bank analyst Kunal Madhukar believes GrubHub's (GRUB) recent $500M debt issue likely signifies "more aggressive competition" within the food delivery space in the U.S. The food delivery market, especially outside of the large cities like New York and Chicago where GrubHub dominates, is growing largely because of the aggressive investments made by Doordash and Uber Eats (UBER) in the delivery infrastructure and in promotional offers, Madhukar tells investors in a research note. He keeps a Hold rating on GrubHub shares.
06/12/19
BOFA
06/12/19
NO CHANGE
Target $108
BOFA
Buy
Less competition for GrubHub amid Amazon Restaurants exit, says BofA/Merrill
Amazon's (AMZN) discontinuation of its U.S. restaurant delivery service removes the threat to GrubHub (GRUB) of Amazon expanding its online food delivery business organically, BofA/Merrill analyst Nat Schindler tells investors in a research note. Schindler notes that online food delivery is a large, fragmented, and rapidly evolving market with significant capital infusion from public and private investors, and Amazon may be shifting from "build" to "partner or buy" in this market. The analyst contends that while GrubHub has lost some market share recently, he sees growth as healthy overall, and says the disconnect between rising private valuations and recent declines in GrubHub's market cap may create an opportunity.
06/12/19
WEDB
06/12/19
NO CHANGE
Target $100
WEDB
Outperform
GrubHub best positioned amid Amazon Restaurants shutdown, says Wedbush
Wedbush analyst Ygal Arounian notes that Amazon (AMZN) announced that it will shut down Amazon Restaurants in the U.S., which he views as further evidence that rationality is creeping into the U.S. 3P food takeout market. The analyst sees GrubHub (GRUB) as the best positioned to maintain/regain strength in this environment, as it is the only U.S. third-party takeout provider that is profitable and has always been rational in only adding LTV positive customers. Arounian reiterates an Outperform rating and $100 price target on GrubHub's shares, but adds that he sees "significant room" for multiple expansion if investors regain confidence in this sector.
06/12/19
GUGG
06/12/19
NO CHANGE
Target $120
GUGG
Buy
GrubHub competitive positioning helped in two ways this week, says Guggenheim
GrubHub (GRUB) has seen its competitive positioning improved in two ways this week, said Guggenheim analyst Matthew DiFrisco, who points to reports that Amazon (AMZN) is shuttering Amazon Restaurants in the U.S. and the company's announcement that it raised $500M of unsecured debt.While Amazon Restaurants didn't establish meaningful market share in any major market, the exit removes a potential investor of incremental capital into the food delivery category and further substantiates the hyperlocal barriers to entry, according to DiFrisco. After he the debt offering, the analyst estimates the company will have about $150M of additional cash that it can use for opportunistic investments that could be accretive to growth, he added. DiFrisco reiterated GrubHub as his Best Idea with a $120 price target and Buy rating.
AMZN Amazon.com
$1,870.07

-0.23 (-0.01%)

06/12/19
KEYB
06/12/19
NO CHANGE
Target $190
KEYB
Overweight
FedEx price target lowered to $190 from $215 at KeyBanc
KeyBanc analyst Todd Fowler lowered his price target for FedEx (FDX) to $190 from $215 ahead of Q4 to reflect trade uncertainty and some impact of the non-renewal of the U.S. domestic Express contract with Amazon (AMZN), partially offset by improved Ground margins, voluntary buyout benefits, and modest Freight contribution. The analyst reiterates an Overweight rating on the shares.
06/12/19
WEDB
06/12/19
NO CHANGE
Target $155
WEDB
Outperform
Microsoft momentum not slowing down, says Wedbush
Wedbush analyst Daniel Ives believes Microsoft (MSFT) remains in an "enviable position" heading into the rest of 2019 and 2020 on the heels of its cloud success and is firing on all cylinders around its Office 365 and Azure strategic vision based on his recent checks. So far in the June quarter the analyst is seeing a "clear acceleration" of larger and more strategic enterprise cloud deals as believes "Redmond is poised to win the lion's share" of the next phase of cloud deployments versus Amazon (AMZN). The shift to cloud is a major secular trend that is significantly benefiting Microsoft in the field and should continue its momentum heading into the next 12-18 months, he contends. Ives reiterates an Outperform rating and $155 price target on Microsoft's shares.

TODAY'S FREE FLY STORIES

WABC

Westamerica

$60.52

0.09 (0.15%)

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EVR

Evercore Partners

$88.51

0.725 (0.83%)

10:59
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MAS

Masco

$37.91

-0.71 (-1.84%)

10:55
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10:55
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10:55
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Masco put volume heavy and directionally bearish »

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  • 25

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ADTN

Adtran

$15.25

-0.59 (-3.72%)

10:54
07/18/19
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10:54
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10:54
Earnings
Adtran sees Q3 revenue $130M-$150M, consensus $160.11M »

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  • 18

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PHR

Phreesia

$0.00

(0.00%)

10:52
07/18/19
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10:52
Syndicate
Breaking Syndicate news story on Phreesia »

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  • 18

    Jul

TEVA

Teva

$7.90

-0.21 (-2.59%)

10:50
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07/18
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10:50
Periodicals
Teva's sinking bond price posing insolvency threat, Haaretz says »

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  • 07

    Aug

PHR

Phreesia

$0.00

(0.00%)

10:48
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Syndicate
Breaking Syndicate news story on Phreesia »

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  • 18

    Jul

GMAB

Genmab

$0.00

(0.00%)

10:47
07/18/19
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Syndicate
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  • 18

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ZBRA

Zebra Technologies

$184.79

-12.87 (-6.51%)

10:44
07/18/19
07/18
10:44
07/18/19
10:44
Downgrade
Zebra Technologies rating change at Wellington Shields »

Zebra Technologies…

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  • 30

    Jul

ADTN

Adtran

$15.52

-0.32 (-2.02%)

10:43
07/18/19
07/18
10:43
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10:43
Earnings
Adtran reports preliminary Q2 adjusted EPS 14c, consensus 8c »

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  • 18

    Jul

NFLX

Netflix

$324.70

-37.8 (-10.43%)

10:40
07/18/19
07/18
10:40
07/18/19
10:40
Options
Netflix selloff exceeds implied move level following earnings »

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WORK

Slack Technologies

$33.01

-0.45 (-1.34%)

10:39
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07/18
10:39
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10:39
Hot Stocks
Slack resets passwords for 1% of its users because of 2015 hack »

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PHR

Phreesia

$0.00

(0.00%)

10:38
07/18/19
07/18
10:38
07/18/19
10:38
Syndicate
Breaking Syndicate news story on Phreesia »

Phreesia indicated to…

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  • 18

    Jul

SONM

Sonim

$13.62

-0.18 (-1.30%)

10:38
07/18/19
07/18
10:38
07/18/19
10:38
Initiation
Sonim initiated at B. Riley FBR »

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  • 24

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NFLX

Netflix

$324.58

-37.92 (-10.46%)

, AMZN

Amazon.com

$1,983.50

-8.91 (-0.45%)

10:37
07/18/19
07/18
10:37
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10:37
On The Fly
Analysts still see growth as Netflix slides following quarterly subscriber miss »

Shares of Netflix (NFLX)…

NFLX

Netflix

$324.58

-37.92 (-10.46%)

AMZN

Amazon.com

$1,983.50

-8.91 (-0.45%)

DIS

Disney

$141.18

-1.41 (-0.99%)

03/08/13
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  • 25

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NTAP

NetApp

$59.32

-0.03 (-0.05%)

10:35
07/18/19
07/18
10:35
07/18/19
10:35
Options
NetApp put volume heavy and directionally bearish »

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FULC

Fulcrum Therapeutics

$0.00

(0.00%)

10:31
07/18/19
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10:31
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10:31
Syndicate
Fulcrum Therapeutics indicated to open at $15.00, IPO priced at $16.00 »

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  • 18

    Jul

10:30
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General news
EIA natural gas storage change for week ending July 12 »

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AMK

AssetMark Financial

$0.00

(0.00%)

10:28
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Breaking Syndicate news story on AssetMark Financial »

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  • 18

    Jul

GMAB

Genmab

$0.00

(0.00%)

10:25
07/18/19
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Syndicate
Breaking Syndicate news story on Genmab »

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  • 18

    Jul

DISH

Dish

$40.74

-0.12 (-0.29%)

10:25
07/18/19
07/18
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10:25
Options
Dish call volume above normal and directionally bullish »

Bullish option flow…

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10:25
07/18/19
07/18
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10:25
Conference/Events
SunTrust technology analysts to hold an analyst/industry conference call »

Technology Analysts…

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