|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||7.74 - 7.74|
|52-week range||7.04 - 11.65|
|Beta (3Y monthly)||1.05|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Just Eat’s U.K. revenue increased 28 percent year-on-year over the first quarter, with its main U.K. orders growing just 7.4 percent. The company still expects full year revenue of between 1 billion to 1.1 billion pounds ($1.29 billion to $1.4 billion), which matched estimates according to data compiled by Bloomberg. Just Eat rejoined the FTSE 100 this year, but the company is battling against a growing Uber Eats, which is planning to launch a rival marketplace platform in the U.K., following Deliveroo’s entry in mid-2018.
The Greenwich, Connecticut-based investment firm sent an open letter to Just Eat’s board of directors saying it made a mistake in appointing Peter Plumb as CEO in 2017. “You basically have a situation where you can get a world-class CEO and delivery capabilities, while also potentially securing a premium valuation for shareholders,” Alex Captain, founder of Cat Rock, said in a phone interview. Plumb stepped down last month, and Cat Rock said Just Eat has ignored two suggestions of potential replacements who have experience in online food delivery.
Peter Plumb is stepping down with immediate effect, with Peter Duffy, chief customer officer, appointed as interim CEO. In December, shareholder Cat Rock Capital Management LP urged the company to commit to a three-year plan aligned to management’s renumeration, and to consider alternatives for what it sees as non-core assets, such as the Brazilian startup iFood. The stock was down 1.4 percent at 3:12 pm. in London.
(Bloomberg) -- Just Eat Plc, the British food-delivery star of recent years, has missed out on its peers’ stock gains since entering the blue-chip FTSE 100 Index in late 2017.