Royal Bank of Canada lowered shares of Waitr (NASDAQ:WTRH) from an outperform rating to a sector perform rating in a report published on Thursday, October 17th, BenzingaRatingsTable reports.
WTRH has been the subject of several other research reports. Benchmark cut their price target on Waitr from $18.00 to $8.00 and set a buy rating for the company in a research note on Friday, August 9th. Piper Jaffray Companies lowered Waitr from an overweight rating to a neutral rating and cut their price target for the company from $11.00 to $4.00 in a research note on Friday, August 9th. Craig Hallum restated a buy rating and issued a $5.00 price target (down previously from $20.00) on shares of Waitr in a research note on Friday, August 9th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Waitr from a hold rating to a buy rating and set a $5.50 price target for the company in a research note on Saturday, August 3rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Waitr has a consensus rating of Buy and a consensus target price of $6.88.
NASDAQ:WTRH traded down $0.17 during mid-day trading on Thursday, hitting $0.28. 22,437,600 shares of the company traded hands, compared to its average volume of 1,241,817. The stock’s fifty day moving average price is $0.92 and its 200-day moving average price is $4.29. The firm has a market cap of $35.20 million and a price-to-earnings ratio of -0.13. Waitr has a one year low of $0.26 and a one year high of $15.06. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.45.
Waitr (NASDAQ:WTRH) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.09). The business had revenue of $51.34 million during the quarter, compared to analyst estimates of $54.15 million. Equities analysts predict that Waitr will post -1.1 EPS for the current year.
In other news, Director Tilman J. Fertitta acquired 1,000,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were bought at an average cost of $1.43 per share, for a total transaction of $1,430,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Joseph Stough acquired 20,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was purchased at an average price of $1.47 per share, for a total transaction of $29,400.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 1,094,000 shares of company stock worth $1,567,050. 23.90% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Waitr during the 2nd quarter worth approximately $26,000. Sanders Morris Harris LLC acquired a new position in shares of Waitr during the 2nd quarter worth approximately $63,000. Hayden Royal LLC purchased a new stake in shares of Waitr during the 2nd quarter valued at approximately $63,000. Balyasny Asset Management LLC purchased a new stake in shares of Waitr during the 2nd quarter valued at approximately $85,000. Finally, Arthur M. Cohen & Associates LLC purchased a new stake in shares of Waitr during the 2nd quarter valued at approximately $89,000. Institutional investors and hedge funds own 60.68% of the company’s stock.
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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