|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||76.00 - 76.00|
|52-week range||75.22 - 124.15|
|Beta (5Y monthly)||0.33|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The meal delivery market is expected to turn to a phase of consolidation in the coming months as players look to adjust operations after the explosive boom in demand served up to them during the COVID-19 pandemic. The industry, which includes the likes of Uber Eats, Just Eat Takeaway and Deliveroo, generally saw share prices spike during 2020 as lockdowns and other restrictions kept people eating at home. "Food delivery app usage has not slowed down, even as consumers return to in-person dining more frequently," said Alisha Kapur of Similarweb, which analyses web traffic and app downloads.
It clocked strong growth in the UK, with orders up 51% compared with the previous year, however this lagged in the US where growth was only 3%.
Weaker than expected third-quarter orders at Just Eat Takeaway.com knocked shares in the online food delivery company on Wednesday, with orders in the United States growing just 3%. Shares in the company, which completed its $7.3 billion purchase of U.S. peer GrubHub in June, were down 4.4% to 62.11 euros at 0755 GMT, taking losses this year to more than 30%. Growth in Britain, the company's largest market, was 51%, but weakest in the United States, now its second-biggest market.