Latest news with #delivery
Yahoo
6 hours ago
- Business
- Yahoo
Raymond James Upgrades DoorDash (DASH) Stock, Lifts PT
DoorDash, Inc. (NASDAQ:DASH) is one of the 10 Unstoppable Stocks to Buy According to Hedge Funds. On June 23, Raymond James analyst Josh Beck upgraded DoorDash, Inc. (NASDAQ:DASH)'s stock to 'Strong Buy' from 'Outperform' with a price target of $260, an increase from $215. This upgrade comes on the heels of an underappreciated valuation amidst consideration of the Deliveroo acquisition. The firm's analyst expects the acquisition to result in a mid-teens increase in DoorDash, Inc. (NASDAQ: DASH)'s EBITDA by 2026 and high teens by 2027. Furthermore, the synergies, together with elevated investment in advertising, operational performance, and future benefits coming from autonomous technology, can fuel the company's stock. A shot of a delivery driver zooming down a busy street, symbolizing the company's quick and efficient delivery services. Apart from this, DoorDash, Inc. (NASDAQ:DASH) has made an acquisition of NYC-based software company, Seven Rooms, and ad platform, Symbiosys. DoorDash, Inc. (NASDAQ:DASH) expects that both SevenRooms and Deliveroo can expand its ability to build world-class services, thereby, increasing its potential to grow local commerce and help with financial goals. In Q1 2025, its total orders saw an increase of 18% YoY to 732 million, and marketplace GOV rose 20% YoY to $23.1 billion. The YoY growth in total orders was due to growth in consumers and average consumer engagement. For Q2 2025, DoorDash, Inc. (NASDAQ:DASH) expects marketplace GOV of between $23,3 billion – $23.7 billion, and adjusted EBITDA of $600 million – $650 million. Sands Capital, an investment management company, released its Q1 2025 investor letter. Here is what the fund said: 'DoorDash, Inc. (NASDAQ:DASH) is the leading food delivery platform in the United States by market share. The business exceeded investor expectations in its most recently reported quarter, demonstrating continued strong execution. Orders grew 19 percent year-over-year, supported by 14 percent growth in monthly active users, while adjusted EBITDA rose 56 percent. First-quarter 2025 guidance was better than consensus expected, calling for 20 percent gross order volume growth. Our investment case continues to play out, and we continue to believe that consensus underestimates DoorDash's longer-term earnings power.' While we acknowledge the potential of DASH to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DASH and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Sign in to access your portfolio
Daily Mail
7 hours ago
- Daily Mail
EXCLUSIVE Truth about your takeaway drivers. You thoughtlessly open your door to these masked strangers when they drop off your food - so SUE REID asked hers a simple question. What she found is deeply disquieting
What I found strange about the delivery bikers arriving at my door was that I could never see their faces. They were invariably masked in motorbike helmets, with only their eyes showing and, apart from a Canadian girl who apologised for arriving late with my Thai takeaway, were all male and spoke very little English.
CNA
12 hours ago
- Automotive
- CNA
Tesla completes first fully autonomous Model Y delivery ahead of schedule
Tesla CEO Elon Musk said on Friday that the first fully autonomous delivery of Model Y from the factory to a customer's home across town was completed a day ahead of schedule.
Reuters
12 hours ago
- Automotive
- Reuters
Tesla completes first fully autonomous Model Y delivery ahead of schedule
June 27 (Reuters) - Tesla (TSLA.O), opens new tab CEO Elon Musk said on Friday that the first fully autonomous delivery of Model Y from the factory to a customer's home across town was completed a day ahead of schedule.
Yahoo
21 hours ago
- Business
- Yahoo
The Way We Buy Breakfast Is Changing — Here's What You Need to Know
The Q1 Restaurant Trends Report from Toast for 2025 reveals changes in American consumer habits as they purchase meals from restaurants. The new report demonstrates that more people are buying breakfast on Monday mornings, and consumers are also more likely to order via delivery. At the same time, median prices for omelets are rising, in addition to prices for other foods like burgers and fears over inflation, data shows that Americans are still buying breakfast, but the way we do that — and the price we pay — are changing. According to the Q1 2025 Restaurant Trends Report from Toast, a restaurant point-of-sale and management software company, our breakfast habits have experienced some dramatic changes this year. To start, Monday mornings are now one of the busiest times for breakfast in restaurants, with breakfast transactions on this day of the week up by 7% compared with the first quarter of last year. However, delivery is driving much of that growth: Breakfast orders placed through delivery platforms rose 15% year over year, while dine-in activity stayed flat. Related: Takeout Used to Be a Convenience, Now It's a Culture That early-week rush comes with a price tag. The median cost of an omelet at Toast-tracked restaurants hit $14.71 in April 2025 — up 5.4% from April 2024. Prices have also increased consistently month over month since January. Hawaii posted the highest average omelet price, at $18.67 this quarter, while Arkansas had the lowest, at $11.53. Although inflation may be partly to blame, these price increases are largely attributed to supply‑chain issues. Outbreaks of H5N1 avian influenza (commonly called bird flu) in the United States have led to the culling of millions of egg‑laying hens over the past year. Amid supply‑chain instability, repeated disruptions to egg production have created sharp swings in wholesale pricing, which many restaurants are still adjusting to. Some operators have responded by adding egg surcharges or switching to liquid egg products, while others have quietly reduced portion sizes or restructured their menus altogether. Toast's pricing data aligns with trends in how people are eating away from home. According to the May 2025 Consumer Price Index, the cost of eating out rose 0.3% month over month and 3.8% compared with the same period last year. This is a slower growth rate than earlier in the inflation cycle, but it reflects the cumulative impact of menu changes and lingering operational costs. Simply put, even as grocery prices begin to cool, restaurant menus haven't caught up. Related: Where Does Fast Food Hit Your Wallet Hardest? These Cities Lead the Pack Omelets aren't the only items becoming more expensive. Toast's data show that the median price of a burger reached $14.38 in May 2025 (up 0.5% month over month), while burritos averaged $13.38 (also up 0.5%). Wings climbed to $13.77, marking a 0.7% increase from April, and beer ticked up slightly to a median price of $6.44 on restaurant menus. Only coffee and cold brew held steady, with median prices at $3.50 and $5.40, respectively. Customer tipping behavior remains relatively unchanged in the face of these increasing prices. In the first quarter of 2025, guests at full‑service restaurants tipped an average of 19.4 %, and Delaware once again ranked as the most generous state in the country, with a total average tipping rate of 22.1%. Toast's quarterly report draws from aggregated data across more than 140,000 restaurant locations on its platform. While national CPI data show broad inflation easing, Toast's more granular snapshot suggests that the costs of individual menu items are still in flux. For restaurant operators, menu pricing reflects not just ingredient cost but also strategy. If you're going to add an expensive omelet to a restaurant menu, make sure it's available on Mondays. Read the original article on Food & Wine
