Waitr (NASDAQ:WTRH) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Waitr (NASDAQ:WTRH) from a sell rating to a hold rating in a research note issued to investors on Sunday, Zacks.com reports.

According to Zacks, “Waitr Holdings Inc. provides an online food ordering and delivery platform. The Company’s platform allows users to discover, order and receive food from local restaurants and national chains. Waitr Holdings Inc. is based in Lake Charles, United States. “

WTRH has been the subject of several other research reports. Piper Jaffray Companies set a $360.00 price target on shares of Ulta Beauty and gave the stock a buy rating in a research note on Friday, May 31st. Royal Bank of Canada boosted their price target on shares of from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the stock an outperform rating in a research note on Monday, June 24th. Finally, Deutsche Bank set a $261.00 price target on shares of Vail Resorts and gave the stock a buy rating in a research note on Friday, June 7th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $13.78.

Shares of NASDAQ WTRH opened at $5.14 on Friday. The stock has a market capitalization of $403.34 million and a price-to-earnings ratio of -2.36. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.51. Waitr has a 52-week low of $4.93 and a 52-week high of $15.06. The firm has a 50 day moving average price of $6.26.

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 analysts’ consensus estimates of ($0.17) by ($0.07). The business had revenue of $48.03 million during the quarter, compared to the consensus estimate of $47.15 million. On average, analysts predict that Waitr will post -1.09 EPS for the current fiscal year.

In other Waitr news, Director Steven L. Scheinthal purchased 10,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was acquired at an average price of $6.80 per share, for a total transaction of $68,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joseph Stough purchased 20,000 shares of the company’s stock in a transaction on Friday, May 24th. The stock was acquired at an average price of $7.47 per share, with a total value of $149,400.00. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 165,135 shares of company stock valued at $1,217,399. Insiders own 23.90% of the company’s stock.

Large investors have recently bought and sold shares of the business. FMR LLC acquired a new position in shares of Waitr in the fourth quarter worth $5,235,000. Financial Management Professionals Inc. grew its stake in shares of Waitr by 11.8% in the first quarter. Financial Management Professionals Inc. now owns 36,756 shares of the company’s stock worth $452,000 after acquiring an additional 3,886 shares in the last quarter. Redmond Asset Management LLC grew its stake in shares of Waitr by 2.7% in the first quarter. Redmond Asset Management LLC now owns 52,349 shares of the company’s stock worth $643,000 after acquiring an additional 1,388 shares in the last quarter. Pelham Capital Ltd. grew its stake in shares of Waitr by 9.7% during the first quarter. Pelham Capital Ltd. now owns 3,895,808 shares of the company’s stock worth $47,879,000 after purchasing an additional 345,808 shares in the last quarter. Finally, Royce & Associates LP grew its stake in shares of Waitr by 104.7% during the first quarter. Royce & Associates LP now owns 453,930 shares of the company’s stock worth $5,579,000 after purchasing an additional 232,221 shares in the last quarter. Institutional investors and hedge funds own 41.41% of the company’s stock.

About Waitr

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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