Disruptive Technology

Online takeaway food players: earnings downgrades

Ratings

Ratings and price correct at time of issue

Company Rating Date Previous Rating Date Closing Price
AO World plc NEUTRAL 22/09/21 N/A N/A 47.0p
ASOS plc NEUTRAL 29/09/21 N/A N/A 897p
Auto Trader Group plc NEUTRAL 24/01/22 N/A N/A 563p
Auto1 Group SE NEUTRAL 09/02/22 N/A N/A 683c
boohoo group plc OUTPERFORM 22/09/21 N/A N/A 55.1p
Carvana Co NEUTRAL 09/02/22 N/A N/A 2758c
Cazoo Group NEUTRAL 08/09/21 N/A N/A 6092c
Deliveroo plc OUTPERFORM 18/01/22 N/A N/A 92.8p
Delivery Hero OUTPERFORM 18/01/22 N/A N/A 3567c
DoorDash Inc NEUTRAL 18/01/22 N/A N/A 7490c
HelloFresh SE OUTPERFORM 09/02/22 N/A N/A 3115c
In the Style Group plc OUTPERFORM 22/09/21 N/A N/A 74.5p
Just Eat Takeaway.com OUTPERFORM 18/01/22 N/A N/A 1374c
Moonpig Group plc NEUTRAL 06/10/21 N/A N/A 211p
musicMagpie plc NEUTRAL 29/09/21 N/A N/A 44.0p
Naked Wines plc NEUTRAL 06/10/21 N/A N/A 163p
On the Beach Group plc NEUTRAL 06/10/21 N/A N/A 129p
Purplebricks Group plc NEUTRAL 24/01/22 N/A N/A 14.4p
Rightmove plc OUTPERFORM 24/01/22 N/A N/A 574p

DAVY VIEW

H121 growth comparables remain tough, and investor appetite for longer duration assets has waned. Inflation, higher interest rates and falling consumer sentiment are threats to operational execution. DoorDash (DASH) and Delivery Hero (DHER) continue to execute well, and our ‘M&A’ plays Deliveroo (ROO) and Just Eat Takeaway (TKWY) continue to slug it out in the UK. Earnings estimates come down as do price targets.

Download full report with analyst certification and important disclosures

Jul 6 2022, 06:50 IST/BST

Download