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Top News In உணவகங்கள் கஃபேக்கள் வேகமாக உணவு இடங்கள் Today - Breaking & Trending Today

Amazon-Backed Deliveroo Is Now Worth $7 Billion. Watch for the IPO Soon.

Like its food-delivery peers such as Uber Eats, owned by
Uber Technologies
(UBER), Deliveroo has enjoyed a massive boost in sales from the Covid-19 pandemic, with millions of housebound people ordering in meals. However, Deliveroo initially suffered at the beginning of the pandemic because its partner restaurants themselves were closed. The CMA said that the company met the criteria for a “failing firm” before its finances rebounded in April as restaurants reopened.
What’s new. Deliveroo said on Sunday that it had secured $180 million after the completion of a funding round from existing investors, led by Durable Capital Partners and Fidelity Management. The group said the latest round pushes its valuation above $7 billion. ....

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Beyond Meat Stock Jumps 14% on Taco Bell Partnership

Beyond Meat’s Beyond Burger patties.
Dreamstime/AFP via Getty Images
Beyond Meat
is rising more than 14% in midday trading Thursday, following news that it’s partnering with Taco Bell, as the latter looks to expand vegetarian offerings.
Yum! Brands
’ (ticker: YUM) Taco Bell said that it is “exploring a new plant-based protein” with Beyond Meat (BYND) that will be tested “in the next year.” The move is part of its larger menu revamp, emphasizing nonmeat options. Taco Bell said that two popular vegetarian items, the Cheesy Fiesta Potatoes and the Spicy Potato Soft Taco, which fell victim to streamlining last year, will once again be available in March. ....

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Chipotle Stock Had a Great 2020. Here's How It Could Do It Again.

Chipotle Mexican Grill could benefit from growing interest in ESG investing.
David Paul Morris/Bloomberg
Chipotle Mexican Grill
stock rose some 60% in 2020, but the burrito chain’s rally isn’t over yet, according to RBC Capital.
Analyst Christopher Carril boosted his rating on Chipotle Mexican Grill (ticker: CMG) to Outperform from Market Perform, and lifted his price target to $1,650 from $1,320. He argues that the stock has legs because the company continues to expand when much of the broader restaurant industry is not.
Chipotle was up 1.4% to $1,415 in morning trading.
Carril is optimistic about the company’s same-restaurant sales. He is forecasting growth of 13% for 2021, above the 11% Wall Street expects, saying the chain can gain from continuing innovation with its menu, its ability to take market share from peers, and growth in online sales. He’s just as enthusiastic that Chipotle is reaccelerating opening new stores, sa ....

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Just Eat Takeaway's Big Bet on a Key Market Paid Off. Why the Stock Is Falling.

By
Jack Denton
Order Reprints
Text size
Just Eat Takeaways results show just how much the Covid-19 pandemic has boosted the food delivery sector.
Agence France-Presse/Getty Images
Strict lockdown measures to contain the spread of Covid-19 in Europe helped JustEat Takeaway.com’s growth accelerate dramatically in the final quarter of 2020 especially in the key U.K. market, where it has doubled down on increasing its footprint.
But shares in the company fell 4.5% in London trading, as investors eyed full-year guidance indicating smaller-than-expected margins.
The back story. The onset of the Covid-19 pandemic has proved to be rocket fuel for the food-delivery sector. With millions of people housebound, Just Eat Takeaway formed out of the merger between the Danish JustEat and Dutch ....

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Wall Street views on Qualcomm, Macy's, Corning, McDonald's, Charles Schwab, and Collegium Pharmaceuticals

by CFRA
Corning is a leading maker of glass substrates used by the electronics industry, and fiberoptic equipment used by the telecommunications industry. Our Buy opinion reflects our view that demand is beginning to recover across many of its end markets.
Corning will continue to focus on cost reduction, which we see as the proper strategy in the face of rising global Covid-19 cases. We see positive long-term trends in optical communications, driven by strong growth in hyperscale data-center demand and projects to upgrade legacy copper lines. Corning has the financial strength, including a balance sheet with a weighted average debt maturity of 10 years, to weather recent challenges. The company has completed its purchase of the communication markets division of ....

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