Waitr Holdings Inc (NASDAQ:WTRH) has been given an average rating of “Buy” by the seven ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $13.78.
Several research analysts have recently issued reports on the company. Zacks Investment Research reissued a “hold” rating on shares of Waitr in a research report on Saturday, June 15th. Piper Jaffray Companies assumed coverage on Waitr in a research report on Friday, May 31st. They issued an “overweight” rating and a $11.00 target price for the company. Jefferies Financial Group assumed coverage on Waitr in a research report on Thursday, March 14th. They issued a “buy” rating and a $18.00 target price for the company. Deutsche Bank assumed coverage on Waitr in a research report on Friday, June 7th. They issued a “buy” rating and a $5.68 target price for the company. Finally, Royal Bank of Canada assumed coverage on Waitr in a research report on Monday, June 24th. They issued an “outperform” rating and a $10.00 target price for the company.
In related news, Director Steven L. Scheinthal purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were bought at an average price of $6.80 per share, for a total transaction of $68,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph Stough purchased 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was bought at an average price of $7.47 per share, for a total transaction of $149,400.00. The disclosure for this purchase can be found here. Insiders purchased a total of 165,135 shares of company stock worth $1,217,399 in the last 90 days. 23.90% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Jefferies Financial Group Inc. purchased a new stake in Waitr during the 4th quarter valued at $43,429,000. Park West Asset Management LLC purchased a new stake in Waitr during the 4th quarter valued at $28,231,000. Advent International Corp MA purchased a new stake in Waitr during the 4th quarter valued at $20,291,000. FMR LLC boosted its stake in Waitr by 255.6% during the 1st quarter. FMR LLC now owns 1,669,436 shares of the company’s stock valued at $20,518,000 after purchasing an additional 1,199,936 shares during the last quarter. Finally, Arrowgrass Capital Partners US LP purchased a new stake in Waitr during the 4th quarter valued at $9,924,000. Institutional investors own 41.41% of the company’s stock.
WTRH traded down $0.13 during midday trading on Tuesday, reaching $6.17. 731,587 shares of the company’s stock traded hands, compared to its average volume of 1,411,838. The firm has a fifty day moving average price of $6.57. The company has a market cap of $473.08 million and a PE ratio of -2.83. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.51. Waitr has a 52 week low of $5.31 and a 52 week high of $15.06.
Waitr (NASDAQ:WTRH) last announced its earnings results on Wednesday, May 8th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.07). The firm had revenue of $48.03 million during the quarter, compared to analysts’ expectations of $47.15 million. As a group, equities analysts predict that Waitr will post -1.09 earnings per share for the current fiscal year.
Waitr Company Profile
Waitr Holdings Inc provides online food ordering and delivery services in the Southeastern United States. Its Waitr Platform and Bite Squad Platform facilitates ordering of food and beverages by diners from restaurant partners for pick-up and delivery through a network of drivers. As of December 31, 2018, the company had approximately 8,500 restaurant partners in 250 cities.
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