Shares of Waitr Holdings Inc (NASDAQ:WTRH) have received a consensus rating of “Hold” from the seven research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $8.17.
A number of equities research analysts have recently issued reports on WTRH shares. Craig Hallum lowered Waitr from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Piper Jaffray Companies cut Waitr from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $11.00 to $4.00 in a research note on Friday, August 9th. Benchmark set a $5.00 price objective on Waitr and gave the stock a “buy” rating in a report on Friday, October 18th. Royal Bank of Canada lowered shares of Waitr from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 17th. Finally, Zacks Investment Research lowered shares of Waitr from a “hold” rating to a “sell” rating in a research note on Saturday, November 16th.
Shares of WTRH traded up $0.06 during trading hours on Friday, hitting $0.52. 54,784 shares of the company were exchanged, compared to its average volume of 3,676,988. The company has a market capitalization of $29.08 million and a PE ratio of -0.24. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a fifty day simple moving average of $0.46 and a 200-day simple moving average of $3.17. Waitr has a one year low of $0.21 and a one year high of $14.77.
Large investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Waitr during the second quarter valued at $26,000. Hayden Royal LLC acquired a new position in shares of Waitr in the 2nd quarter valued at about $63,000. Balyasny Asset Management LLC acquired a new position in shares of Waitr in the 2nd quarter valued at about $85,000. Arthur M. Cohen & Associates LLC purchased a new stake in Waitr in the 2nd quarter worth approximately $89,000. Finally, Hancock Whitney Corp purchased a new stake in Waitr in the 2nd quarter worth approximately $100,000. 52.85% of the stock is currently owned by institutional investors.
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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