Just Eat Takeaway.com slips after investor event underwhelms

Just Eat Takeaway.com N.V. (GRUB -1.9%) trades lower in the U.S. and Europe after the company reiterated its full-year earnings forecast at an investor event today.
In a presentation (SEC Form 6-K), the company guided for full-year EBITDA margin of -1% to -1.5% on a gross transaction value of $32B to $35B. GRUB is targeting gross transaction value growth in the "mid teens" for 2022.
Just Eat Takeaway.com also said that it expects Grubhub to eventually be part of a consolidation in the U.S. delivery market, but did not indicate any sort of deal is in the works. "Over time there will inevitably be consolidation in the wider U.S. on-demand delivery market, as various players combine to optimise the last mile," stated CEO Jitse Groen.
Jefferies analyst Giles Thorne thinks investors may be disappointed if the company targets growth for Grubhub over a strategic deal.
Just East Takeaway.com was on Seeking Alpha's Catalyst Watch this week.