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UBER

Uber

$43.85

0.17 (0.39%)

, GRUB

GrubHub

$74.07

-2.91 (-3.78%)

10:36
07/11/19
07/11
10:36
07/11/19
10:36

NY Liquor Authority working on curbs for food-ordering fees, NY Post says

Last night, the New York Post's Lisa Fickenscher and Kevin Dugan reported that New York State Liquor Authority is working on new rules that will significantly curb the fees that can be charged by food-ordering companies such as Grubhub (GRUB), Uber Eats (UBER), DoorDash and Postmates. According to their sources, the new rules could cut the fee income of Grubhub to 10% of a takeout order from its current 15%-30%, the report said. Reference Link

UBER

Uber

$43.85

0.17 (0.39%)

GRUB

GrubHub

$74.07

-2.91 (-3.78%)

  • 08

    Aug

UBER Uber
$43.85

0.17 (0.39%)

07/02/19
07/02/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Veru (VERU) initiated with an Overweight at Cantor Fitzgerald. 2. Uber (UBER) initiated with a Hold at Stifel. 3. Wyndham Hotels & Resorts (WH) initiated with an Overweight at Barclays. 4. Veracyte (VCYT) initiated with a Buy at Needham. 5. Paysign (PAYS) initiated with a Buy at Canaccord. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/10/19
JEFF
07/10/19
NO CHANGE
Target $90
JEFF
Buy
Jefferies sees Lyft recovering with shares 14% below IPO price
Lyft (LYFT) is trading 14% below its initial public offering price of $72 per share, Jefferies analyst Brent Thill tells investors in a research note. The analyst expects the stock to recover as the company "executes and misconceptions clear." For the stock to work, Lyft must overcome concerns that its growth will be capped as a number two player behind Uber (UBER) and disprove bears who claim the company will never make money, contends Thill. He believes that doing so will expand the stock's valuation multiple. The analyst continues to like Lyft for its "highly focused approach to solving the problems of personal transportation." Thill keeps a Buy rating on the shares with a $90 price target. The stock closed Tuesday up $2.04 to $61.83.
07/11/19
NEED
07/11/19
NO CHANGE
Target $52
NEED
Buy
Uber value creation positioning optimal, says Needham
Needham analyst Brad Erickson kept his Buy rating and $52 price target on Uber, saying his long-term bull case scenario has the stock trading to $130. The analyst contends that "excess supply" is critical to the company driving a "transformational change in transportation", which the company is pursuing with its current $3B EBITDA headwind. Erickson is also positive on Uber's "optimal" positioning for value creation after discussing the potential for driving autonomy with the head of transportation of one of the mid-size cities in the U.S.
07/11/19
MSCO
07/11/19
NO CHANGE
Target $305
MSCO
Overweight
Domino's reasonably insulated from 3rd party delivery risk, says Morgan Stanley
Morgan Stanley analyst John Glass said he is not dismissive of the sales risk posed to Domino's Pizza (DPZ) by third-party food delivery aggregators, but his county-by-county analysis of its U.S. stores overlapped against markets where third party delivery is or is expected to be most concentrated leads him to believe that the risk has a "reasonable boundary" of a 1%-2% impact on same-store sales. Using the same data, he concluded that Domino's still has an opportunity to grow its current U.S. store base of about 5,900 to at least 8,000-9,000 units over time, said Glass, who keeps an Overweight rating on Domino's shares with a $305 price target. Publicly traded companies that operate third-party food delivery services include GrubHub (GRUB) and Uber (UBER).
GRUB GrubHub
$74.07

-2.91 (-3.78%)

06/25/19
SBSH
06/25/19
UPGRADE
Target $91
SBSH
Buy
Citi sees five reasons to be bullish, upgrades GrubHub to Buy
As previously reported, Citi analyst Mark May upgraded GrubHub (GRUB) to Buy from Neutral and increased his price target on the stock to $91 from $75, citing five primary factors he sees to be more bullish on the stock. Those include data that suggests that GrubHub may be in early tests with McDonald's (MCD), Starbucks (SBUX) and other large chains; his belief that the stock's multiple will expands if investors reward the company for new chain deals; GrubHub's ability to grow Gross Food Sales in the 20% range, which should allow it to hit its Q4 EBITDA/order guidance; a new driver pay formula that could benefit margins; and robust growth in the overall online food delivery market.
06/25/19
06/25/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. GrubHub (GRUB) upgraded to Buy from Neutral at Citi with analyst Mark May citing five primary factors he sees to be more bullish on the stock. 2. Gates Industrial (GTES) upgraded to Buy from Neutral at Goldman Sachs with analyst Jerry Revich saying the stock is down 46% from its highs of September of 2018, which he attributes to multiple compression amid negative estimate revisions due to destocking in the after-market channel and a slowdown in original equipment demand. 3. GasLog (GLOG) upgraded to Buy from Hold at Stifel with analyst Benjamin Nolan citing both valuation and his expectation for strong LNG charter rates in the second half of the year. 4. SiteOne Landscape (SITE) upgraded to Outperform from Neutral at Baird with analyst David Manthey saying weather may impact Q2 but he believes the short interest has already been priced in. 5. Lincoln National (LNC) upgraded to Buy from Neutral at Goldman Sachs with analyst Alex Scott citing the upside to earnings he sees in the group benefits segment following the company's acquisition and integration of the Liberty business, the higher economic value of the variable annuity business, the company's "strong" distribution platform and the earnings tailwind he expects from the company's digital investments. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/27/19
ADAM
06/27/19
NO CHANGE
Target $110
ADAM
Buy
GrubHub likely to be long-term leader, says Canaccord
Canaccord analyst Maria Ripps believes GrubHub has certain competitive advantages over its rivals. The analyst said she still sees several platforms successfully co-existing, with GrubHub being one of the long-term leaders in the space. Ripps noted recent big-name contract wins, which she believes should reinvigorate confidence in GrubHubs's competitive position. Ripps reiterated her Buy rating and $110 price target on GrubHub shares.

TODAY'S FREE FLY STORIES

LPCN

Lipocine

$1.82

-0.025 (-1.36%)

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KRTX

Karuna Therapeutics

$19.79

0.01 (0.05%)

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X

U.S. Steel

$15.38

0.31 (2.06%)

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Options
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MRNS

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$3.99

0.11 (2.84%)

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TREE

LendingTree

$414.78

4.35 (1.06%)

07:57
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07:57
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LendingTree analyst commentary  »

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  • 25

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    Nov

CTL

CenturyLink

$11.08

-0.29 (-2.55%)

, GLW

Corning

$33.35

0.24 (0.72%)

07:56
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CTL

CenturyLink

$11.08

-0.29 (-2.55%)

GLW

Corning

$33.35

0.24 (0.72%)

03/08/13
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  • 30

    Jul

  • 07

    Aug

BCS

Barclays

$7.81

0.04 (0.51%)

, APO

Apollo Global

$35.09

0.79 (2.30%)

07:55
07/23/19
07/23
07:55
07/23/19
07:55
Periodicals
Disgraced Epstein had close ties to top Wall Street executives, NY Times reports »

Jeffrey Epstein, the…

BCS

Barclays

$7.81

0.04 (0.51%)

APO

Apollo Global

$35.09

0.79 (2.30%)

03/08/13
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  • 31

    Jul

  • 01

    Aug

07:55
07/23/19
07/23
07:55
07/23/19
07:55
General news
U.S. chain store sales dropped another 0.6% in the week ended July 20 »

U.S. chain store sales…

COT

Cott Corp.

$12.29

0.005 (0.04%)

07:53
07/23/19
07/23
07:53
07/23/19
07:53
Recommendations
Cott Corp. analyst commentary  »

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  • 08

    Aug

  • 25

    Sep

SFM

Sprouts Farmers Market

$17.28

-0.88 (-4.85%)

07:51
07/23/19
07/23
07:51
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07:51
Downgrade
Sprouts Farmers Market rating change  »

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  • 01

    Aug

  • 13

    Nov

VISL

Vislink

$1.01

-0.165 (-14.10%)

07:50
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Vislink receives orders valued at $1.6M for satellite communications equipment »

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SIX

Six Flags

$52.87

0.62 (1.19%)

07:49
07/23/19
07/23
07:49
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07:49
Recommendations
Six Flags analyst commentary at Jefferies »

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  • 24

    Jul

HAL

Halliburton

$23.76

2.02 (9.29%)

07:49
07/23/19
07/23
07:49
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07:49
Recommendations
Halliburton analyst commentary at Stephens »

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  • 27

    Aug

  • 13

    Nov

TIGR

UP Fintech

$4.29

-0.38 (-8.14%)

07:49
07/23/19
07/23
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Hot Stocks
UP Fintech reports approval for capital markets license in Singapore »

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HAL

Halliburton

$23.76

2.02 (9.29%)

07:48
07/23/19
07/23
07:48
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07:48
Recommendations
Halliburton analyst commentary at Credit Suisse »

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  • 27

    Aug

  • 13

    Nov

MARA

Marathon Patent Group

$2.13

-0.08 (-3.62%)

07:48
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Marathon Patent Group receives Nasdaq acceptance of plan to regain compliance »

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W

Wayfair

$144.97

-0.28 (-0.19%)

, BBBY

Bed Bath & Beyond

$9.35

-0.56 (-5.65%)

07:46
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Recommendations
Wayfair, Bed Bath & Beyond, Macy's analyst commentary at Jefferies »

Wayfair well positioned…

W

Wayfair

$144.97

-0.28 (-0.19%)

BBBY

Bed Bath & Beyond

$9.35

-0.56 (-5.65%)

M

Macy's

$22.10

(0.00%)

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  • 25

    Jul

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IDRA

Idera Pharmaceuticals

$2.54

0.02 (0.79%)

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APD

Air Products

$225.97

1.455 (0.65%)

07:46
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  • 25

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MRNS

Marinus Pharmaceuticals

$3.99

0.11 (2.84%)

07:45
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MRNS

Marinus Pharmaceuticals

$3.99

0.11 (2.84%)

07:44
07/23/19
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CDNS

Cadence Design

$72.68

-0.21 (-0.29%)

07:43
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ITRI

Itron

$60.62

0.77 (1.29%)

07:43
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Itron analyst commentary at Canaccord »

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  • 05

    Aug

RDHL

RedHill Biopharma

$8.35

0.24 (2.96%)

07:41
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  • 23

    Jul

FBP

First BanCorp

$10.74

-0.25 (-2.27%)

07:40
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07:40
Earnings
First BanCorp reports Q2 EPS 19c, consensus 19c »

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  • 23

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