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GRUB

GrubHub

$73.83

-3.15 (-4.09%)

11:11
07/11/19
07/11
11:11
07/11/19
11:11

NY question on GrubHub fees already 'asked and answered,' says Stephens

After the New York Post reported that the NY State Liquor Authority is looking into capping fees at 10% for food delivery providers, Stephens analyst Will Slabaugh noted that in October 2018 the SLA had previously determined that "GrubHub is an unlicensed marketing company that does not have an interest in any liquor license," making this a question that he views as already "asked and answered." The analyst, who sees the risk of such a mandate as "exceedingly low," keeps an Overweight rating and $135 price target on GrubHub shares, which are down 4% to $73.94 in morning trading.

GRUB GrubHub
$73.83

-3.15 (-4.09%)

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.
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).

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SPDR S&P 500 ETF Trust

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POST

Post Holdings

$108.09

0.64 (0.60%)

20:12
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Post Holdings rating change at Piper Jaffray »

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VMW

VMware

$174.34

0.13 (0.07%)

19:01
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Microsoft

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Chewy

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Red Robin

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Gannett

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InflaRx

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BA

Boeing

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MicroVision

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Bank OZK

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ISRG

Intuitive Surgical

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13.25 (2.53%)

AA

Alcoa

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MGM

MGM Resorts

$28.75

-0.095 (-0.33%)

, MGP

MGM Growth

$30.00

-0.06 (-0.20%)

18:50
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Periodicals
MGM said to consider sale-leaseback of Bellagio, MGM Grand, Bloomberg says »

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MGM Resorts

$28.75

-0.095 (-0.33%)

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MGM Growth

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AAL

American Airlines

$33.75

0.5 (1.50%)

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United Continental

$95.27

0.44 (0.46%)

18:49
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Periodicals
POTUS meets with U.S. airlines over Qatar subsidy accusations, Reuters says »

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AAL

American Airlines

$33.75

0.5 (1.50%)

UAL

United Continental

$95.27

0.44 (0.46%)

JBLU

JetBlue

$19.23

0.14 (0.73%)

FDX

FedEx

$165.39

0.375 (0.23%)

AAWW

Atlas Air

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0.79 (1.89%)

BA

Boeing

$361.17

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NUE

Nucor

$54.68

-0.03 (-0.05%)

18:44
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Nucor CEO: We are very pleased with the results from the tariffs »

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NABZY

National Australia Bank

$0.00

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18:30
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National Australia Bank names Ross McEwan as new CEO »

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BAC

Bank of America

$29.48

0.3 (1.03%)

18:22
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Bank of America CEO: Millennials are a huge customer base for us »

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TAP

Molson Coors

$54.37

0.08 (0.15%)

18:06
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Hot Stocks
Molson Coors raises quarterly dividend to 57c from 41c per share »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

18:04
07/18/19
07/18
18:04
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18:04
Hot Stocks
Breaking Hot Stocks news story on Microsoft »

Microsoft up over 2%…

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BAS

Basic Energy

$1.81

-0.1 (-5.24%)

18:02
07/18/19
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Hot Stocks
Basic Energy announces record setting lateral completion in Permian Basin »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

18:02
07/18/19
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Hot Stocks
Microsoft CFO continues to expect double digit revenue growth in FY20 »

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QTRH

Quarterhill

$1.23

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18:02
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MSFT

Microsoft

$136.29

0.06 (0.04%)

18:00
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Earnings
Microsoft sees total Q1 revenue at implied $31.7B-$32.4B, consensus $32.0B »

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RRGB

Red Robin

$30.58

0.32 (1.06%)

18:00
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Hot Stocks
Red Robin up 17% after confirming $40.00 per share offer from Vintage Capital »

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T

AT&T

$33.09

-0.17 (-0.51%)

17:54
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Periodicals
AT&T mulls sale of Puerto Rican business to pay down debt, Bloomberg says »

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RRGB

Red Robin

$30.58

0.32 (1.06%)

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Red Robin confirms $40.00 per share cash buyout proposal from Vintage Capital »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

17:50
07/18/19
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Hot Stocks
Microsoft CFO: Q4 another quarter of double-digit top and bottom line growth »

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HBIO

Harvard Bioscience

$1.78

0.03 (1.71%)

17:46
07/18/19
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17:46
Hot Stocks
Harvard Bioscience names Michael Rossi CFO »

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MSFT

Microsoft

$136.29

0.06 (0.04%)

17:43
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Hot Stocks
Microsoft CEO seeing growing momentum across every layer of its stack »

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ISRG

Intuitive Surgical

$536.44

13.25 (2.53%)

17:38
07/18/19
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17:38
Hot Stocks
Intuitive Surgical falls after Q2 report, despite earnings beat »

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GLD

SPDR Gold Shares

$136.44

1.85 (1.37%)

17:33
07/18/19
07/18
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Hot Stocks
SPDR Gold Shares holdings rise to 814.62MT from 803.18MT »

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WAL

Western Alliance

$44.45

0.74 (1.69%)

17:29
07/18/19
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Earnings
Western Alliance reports Q2 EPS 1.19, consensus $1.16 »

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