Cowen Downgrades Grub on “Narrative Problem,” Recommends Buying Waitr
Cowen, a New York analyst firm that closely follows Grubhub, slightly downgraded its price target for the Chicago-based delivery giant. Following the company’s revised 2019 guidance, the firm lowered its price target from $91 to $86, affirming that it still expects...
Waitr Falls on Hard Times, Shares Plummet
Waitr, a Louisiana-based third-party delivery provider that focuses on smaller markets, has struggled mightily since acquiring Minnesota-based Bite Squad in January. In the seven months since that deal was big news in the delivery space, Waitr’s share price has...
Postmates Gets ‘Unicorn’ Status with $300M Investment
Postmates is the name of the week when it comes to investments. The third-party delivery provider announced a $300 million investment form Tiger Capital today. According to a press release, the new funds will go toward growth and investments in efficiency. With this...Canaccord Says Grubhub Stock is a Buy
As the only publicly traded third-party restaurant delivery service, Chicago-based Grubhub is one of the largest players and one of the most scrutinized brands in the industry. According to a report from investment firm Canaccord Genuity, its stock price in the low...
Outstanding Operators
Food On Demand Outstanding Operators features restaurant brands with innovative operations that are taking creative paths to success with delivery and all things off-premises.