We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Dunkin' Brands, Grubhub Tie Up to Boost On-Demand Delivery
Read MoreHide Full Article
Dunkin' Brands Group, Inc. has partnered with Grubhub Inc. for rollout of delivery services. This nationwide delivery plan was first launched in New York City.
Currently, the new Dunkin' Delivers service is available across 400 Dunkin' restaurants throughout New York City's five boroughs and offered through Seamless — Grubhub’s New York brand. The residents of New York City can now order Dunkin' coffees, espresso drinks, Cold Brew, frozen beverages, donuts, breakfast sandwiches, bagels and more, wherever they want throughout the day.
Dunkin' and Grubhub will further expand delivery services in markets like Boston, Chicago and Philadelphia in the coming months. Per Yahoo Finance, Dunkin' aims to expand the latest delivery services to over 3,000 US Dunkin’ restaurants by the end of 2019 and to more than 9,400 by 2020.
We believe this partnership will help Dunkin' drive its sales. In the meantime, this Zacks Rank #3 (Hold) company is gaining momentum on the back of various sales-building initiatives, loyalty program and digitalization. Evidently, shares of the company have gained 25.5% year to date compared with the industry’s 20.6% growth.
Digitalization Need of the Hour
With Internet, digitalization and electronics influencing every facet of our day-to-day lives, it is obvious that the restaurant industry has embraced this trend.
Per The NPD Group, foodservice delivery services have contributed significantly to restaurant sales over the past few years. Over the last four years, digital orders increased by 23%. As a result, digital sales are no longer a luxurious feature but are the dire need of the hour.
Moreover, Morgan Stanley predicts the food delivery industry could account for 11% of all restaurant sales by 2020.
Shares of Denny's have gained 16.1% in the past three months.
The long-term earnings growth rate for Noodles & Company and Yum China is 8.8% and 9.4%, respectively.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
Image: Bigstock
Dunkin' Brands, Grubhub Tie Up to Boost On-Demand Delivery
Dunkin' Brands Group, Inc. has partnered with Grubhub Inc. for rollout of delivery services. This nationwide delivery plan was first launched in New York City.
Currently, the new Dunkin' Delivers service is available across 400 Dunkin' restaurants throughout New York City's five boroughs and offered through Seamless — Grubhub’s New York brand. The residents of New York City can now order Dunkin' coffees, espresso drinks, Cold Brew, frozen beverages, donuts, breakfast sandwiches, bagels and more, wherever they want throughout the day.
Dunkin' and Grubhub will further expand delivery services in markets like Boston, Chicago and Philadelphia in the coming months. Per Yahoo Finance, Dunkin' aims to expand the latest delivery services to over 3,000 US Dunkin’ restaurants by the end of 2019 and to more than 9,400 by 2020.
We believe this partnership will help Dunkin' drive its sales. In the meantime, this Zacks Rank #3 (Hold) company is gaining momentum on the back of various sales-building initiatives, loyalty program and digitalization. Evidently, shares of the company have gained 25.5% year to date compared with the industry’s 20.6% growth.
Digitalization Need of the Hour
With Internet, digitalization and electronics influencing every facet of our day-to-day lives, it is obvious that the restaurant industry has embraced this trend.
Per The NPD Group, foodservice delivery services have contributed significantly to restaurant sales over the past few years. Over the last four years, digital orders increased by 23%. As a result, digital sales are no longer a luxurious feature but are the dire need of the hour.
Moreover, Morgan Stanley predicts the food delivery industry could account for 11% of all restaurant sales by 2020.
Key Picks
Better-ranked stocks worth considering in the same space include Denny's Corp. (DENN - Free Report) , Noodles & Company (NDLS - Free Report) and Yum China Holdings, Inc. (YUMC - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Denny's have gained 16.1% in the past three months.
The long-term earnings growth rate for Noodles & Company and Yum China is 8.8% and 9.4%, respectively.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>