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DPZ

Domino's Pizza

$253.99

11.49 (4.74%)

, UBER

Uber

$29.29

-1.1 (-3.62%)

07:46
10/09/19
10/09
07:46
10/09/19
07:46

Domino's Pizza cut to Hold at Argus after Q3 miss, new medium term outlook

As previously reported, Argus analyst John Staszak downgraded Domino's Pizza to Hold from Buy after its worse than expected Q3 revenue and earnings reported yesterday along with its new 2-3 year outlook of global retail sales growth of 7%-10% - down from its prior 3-5 year outlook of 8%-12% growth. The analyst is also lowering his FY19 EPS view by 5c to $9.35 and his FY20 view by 10c to $10.90. Staszak notes that food delivery competition from 3rd party services like DoorDash, GrubHub (GRUB), and Uber Eats (UBER) will reduce the same-store sales growth at Domino's Pizza going forward while also reducing the delivery labor supply and raising wage costs for the company. The analyst adds that at 27.1-times his expected FY19 earnings, Domino's Pizza shares "adequately reflect" the prospects for rising costs and slowing same-store sales growth.

DPZ

Domino's Pizza

$253.99

11.49 (4.74%)

UBER

Uber

$29.29

-1.1 (-3.62%)

GRUB

GrubHub

$52.32

-2.67 (-4.86%)

  • 16

    Oct

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    Nov

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    Nov

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    Nov

DPZ Domino's Pizza
$253.99

11.49 (4.74%)

10/09/19
SPHN
10/09/19
NO CHANGE
Target $300
SPHN
Overweight
Domino's lowered outlook 'should look highly achievable,' says Stephens
Stephens analyst Will Slabaugh said Domino's Pizza's U.S. comp growth in Q3 was better than feared and its EPS would have beaten his and consensus estimates if not for a higher than modeled tax rate. He also believes the company's new, lower 2-3 year outlook "should look highly achievable to the market" compared to the prior 3-5 year outlook that many were starting to see as unattainable. The analyst, who thinks Domino's shares could see re-valuation once the 2-year comps stabilize in upcoming quarters, keeps an Overweight rating and $300 price target on the stock.
10/09/19
COWN
10/09/19
NO CHANGE
Target $295
COWN
Outperform
Domino's Pizza price target raised to $295 from $260 at Cowen
Cowen analyst Andrew Charles raised his price target on Domino's Pizza to $295 from $260 following Q3 results. The analyst said his total return and earnings growth thesis remains intact despite the lowered guidance from the company. He continues to like the setup heading into 2020 better than Q4 which has proven to be seasonally challenging for the business. Charles reiterated his Outperform rating on Domino's Pizza shares.
UBER Uber
$29.29

-1.1 (-3.62%)

10/07/19
10/07/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Match Group (MTCH) upgraded to Buy from Neutral at Nomura Instinet and to Buy from Hold at Deutsche Bank. 2. Uber (UBER) upgraded to Buy from Neutral at Citi with analyst Itay Michaeli saying the company's upcoming Q3 results should bring an acceleration in revenue growth and swing investment sentiment more favorably. 3. Arconic (ARNC) upgraded to Overweight from Neutral at JPMorgan with analyst Seth Seifman saying he sees a "compelling" risk/reward profile following the stock's 8% decline in the past two weeks. 4. JetBlue (JBLU) upgraded to Buy from Neutral at Buckingham with analyst Daniel McKenzie saying competitive capacity looks manageable at this point, but notes that his upgrade is likely "early," given IT initiatives that don't become material to revenue until the first quarter of 2020. 5. E-Trade (ETFC) and Moody's (MCO) upgraded to Buy from Neutral at UBS. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/09/19
10/09/19
DOWNGRADE
Target $40

Hold
James River Group downgraded to Hold from Buy at SunTrust
As previously reported, SunTrust analyst Mark Hughes downgraded James River Group (JRVR) to Hold and lowered his price target to $40 from $55 after the company's announcement that it will increase its reserves by up to $60M this quarter to account for commercial auto line of business losses as well as its ended Uber (UBER) relationship this year. As Uber reserves continue to develop adversely, the analyst is also lowering his FY20 EPS view on James River to $1.35 from $3.00, reflecting new assumptions about the company's profitability.
10/07/19
SBSH
10/07/19
UPGRADE
Target $45
SBSH
Buy
Uber upgraded to Buy from Neutral at Citi
Citi analyst Itay Michaeli upgraded Uber Technologies to Buy from Neutral with an unchanged price target of $45. The stock closed Friday down 3c to $29.67. The company's upcoming Q3 results should bring an acceleration in revenue growth and swing investment sentiment more favorably, Michaeli tells investors in a research note. He believes the results could bring attention back on improving ride sharing fundamentals. Further, at current levels, the shares are ascribing no value to Uber Eats, contends Michaeli.
10/03/19
10/03/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Incyte (INCY) initiated with a Buy at Mizuho. 2. Lyft (LYFT) and Uber (UBER) initiated with a Neutral at MKM Partners. 3. Arrowhead (ARWR) initiated with an Outperform at Baird. 4. United Technologies (UTX) initiated with an Outperform at Credit Suisse. 5. Ulta Beauty (ULTA) initiated with a Neutral at Goldman Sachs. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
GRUB GrubHub
$52.32

-2.67 (-4.86%)

09/10/19
COWN
09/10/19
NO CHANGE
Target $86
COWN
Outperform
GrubHub price target lowered to $86 from $91 at Cowen
Cowen analyst Thomas Champion lowered his price target on GrubHub to $86 from $91 after lowering its EBITDA through 202 which may prove to be conservative. The analyst still sees GrubHub as potentially acquiring Waitr Holdings which would add sales and customers and said his checks suggest GrubHub may be the lowest cost delivery provider versus DoorDash, UberEats, Postmates, Delivery.com and Caviar. Champion reiterated his Outperform rating on GrubHub shares.
09/26/19
GUGG
09/26/19
NO CHANGE
Target $72
GUGG
Buy
GrubHub removed from Best Ideas List, price target lowered at Guggenheim
Guggenheim analyst Matthew DiFrisco said a key take-away from the firm's Restaurant Summit was that the universe of delivery partners vying for near-term market share and long-term profit capture continues to be "dynamic and not shrinking," which leads him to conclude that investor concerns relative to the rate of growth and profitability the GrubHub model can support won't soon abate. Given the "steadfast growth" of multiple competitors, he now sees limited opportunity for multiple expansion at GrubHub, leading DiFrisco to lower his price target on the shares to $72 from $110 and remove his Best Idea designation from the stock. However, DiFrisco keeps a Buy rating on GrubHub shares.
09/20/19
DADA
09/20/19
NO CHANGE
Target $100
DADA
DA Davidson defends GrubHub after yesterday's sell-off
DA Davidson analyst Tom Forte keeps his Buy rating and $100 price target on GrubHub (GRUB), saying investors should take advantage of yesterday's 5% decline in the stock price on reports of a short position by Kynikos Associates' Jim Chanos. The analyst notes that the company still "does a great job" with less expensive offerings, even though his experience with Uber Eats (UBER) suggests that its service is "superior". Forte further points to GrubHub's upcoming catalysts, which include improving profitability for the remainder of FY19, efforts to advance its "first-party restaurant delivery initiative", and the greater than expected contribution from its recent acquisitions.
09/16/19
SPHN
09/16/19
NO CHANGE
Target $14
SPHN
Overweight
Stephens switches 'Best Idea in Restaurants' to Carrols from GrubHub
Stephens analyst Will Slabaugh changed his "Best Idea in Restaurants" to Carrols Restaurant (TAST) from GrubHub (GRUB), noting that he sees clear catalysts for the former. Those include expectations for same-store sales improvement at Burger King, ramping profitability, and a bump from a very strong Popeye's business. He maintains an Overweight rating and $14 price target on Carrols shares.

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$49.60

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Vertex

$183.73

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$0.00

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