Why are these food delivery stocks on investors’ radar?

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Why are these food delivery stocks on investors’ radar?

 Why are these food delivery stocks on investors’ radar?
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Summary

  • DoorDash Inc (NYSE: DASH) reported total revenue of US$1 billion in Q1, 2021.
  • Uber Eats of Uber Technologies, Inc. (NYSE: UBER) reported a 230% sales growth in Q1.
  • Just Eat Takeaway.com (Nasdaq: GRUB) reported total revenue of US$2 billion in FY2020.

Demand for home delivery of food items has soared during the Covid-19 pandemic. As restaurants couldn’t serve customers at their premises due to restrictions, they mainly relied on food delivery companies to deliver food. And customers who could not go out benefitted from this service.

Food delivery through mobile apps of food delivery companies skyrocketed during a pandemic and continues to grow. These companies charge both from restaurants and customers. With widespread vaccination and the economy's opening, consumers have begun to dine out at restaurants.

Here are three hot food delivery stocks to explore in the market.



Source: Pixabay.

Also read: Krispy Kreme IPO: DNUT stock jumps 23% on NASDAQ debut

DoorDash Inc (NYSE: DASH)

DoorDash Inc is an online food delivery platform based in San Francisco. Currently, it shares 56 percent market.

Its stock traded at US$165.60 at 9.20 am ET on July 15, down by 2.20 percent over the previous closing price. Stock prices of DASH went up by 18.97 percent YTD. 

Its market capitalization is US$55.1 billion. The forward P/E 1 year is -171.04 and the beta is -5.56. The 52 weeks highest stock price of DASH is US$256.09 and the lowest is US$110.13. The share volume is 1,591,784.

The total revenue of the company in Q1, 2021 was US$1 billion as compared to US$362 million YoY. The company reported a loss from operation US$99 million and that was US$123 million in Q1, 2020. It reported a gross profit of US$514,000. The company will report its Q2 earnings in August.

Uber Technologies, Inc (NYSE: UBER)

Uber Technologies, Inc or Uber runs food delivery, taxi riding, package delivery, and freight transportation. Uber bought a food delivery arm from Postmates and named it Uber Eats.

Its stock traded at US$46.45 at 9.37 am ET on July 15, down by 1.38 percent over the previous closing price. Stock prices of UBER went down by 9.17 percent YTD and went up by 41.57 percent YoY.

Its market capitalization is US$88 billion. The forward P/E 1 year is -35.19, and the beta is 1.56. Earnings per share are US$-2.24. The 52-week highest stock price of UBER is US$64.05, and the lowest is US$28.48. The share volume is 15,837,013.

In Q1, 2021, the company reported a net loss of US$108 million, and adjusted EBITDA was US$359 million. The net revenue was US$2.9 billion, with mobility revenue US$853 million. In addition, delivery revenue was US$1.7 billion, up by 28 percent QoQ and 230 percent YoY. 

Also read: PepsiCo (PEP) stock gains, Conagra (CAG) declines on forecast update

Just Eat Takeaway.com (Nasdaq: GRUB)

Just Eat Takeaway.com is an online food delivery marketplace with a presence in 24 countries.

Its stock traded at US$16.435 at 9.58 am ET on July 15, down by 6.33 percent over the previous closing price. Stock prices of GRUB went down by 28.56 percent YTD and 21.29 percent YoY.

Its market capitalization is US$17.2 billion. The forward P/E 1 year is -38.13. The 52 weeks highest stock price of GRUB is US$19.11 and the lowest is US$17.39. The share volume is 1,101,589.

The company received 200 million orders in Q1, 2021, up by 79 percent YoY. Gross merchandise value in Q1 was US$4.5 billion, up by 89 percent YoY.

The company’s profit went up by 51 percent in the first six months of 2021. The company reported total revenue of US$2 billion, and operating losses of US$107 million in the fiscal year of 2020.


Please note: The above constitutes a preliminary view and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.

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