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...
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