Waitr Holdings Inc (NASDAQ:WTRH) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 12,510,000 shares, an increase of 17.4% from the June 30th total of 10,660,000 shares. Approximately 62.7% of the shares of the stock are sold short. Based on an average trading volume of 7,210,000 shares, the short-interest ratio is presently 1.7 days.
Institutional investors have recently added to or reduced their stakes in the business. Arthur M. Cohen & Associates LLC purchased a new stake in Waitr in the 2nd quarter valued at about $53,000. SG Americas Securities LLC purchased a new stake in Waitr in the 1st quarter valued at about $27,000. Jane Street Group LLC purchased a new stake in Waitr in the 1st quarter valued at about $33,000. Chicago Capital LLC purchased a new stake in Waitr in the 2nd quarter valued at about $121,000. Finally, Royal Bank of Canada boosted its position in Waitr by 739.3% in the 1st quarter. Royal Bank of Canada now owns 61,425 shares of the company’s stock valued at $76,000 after buying an additional 54,106 shares during the period. 26.84% of the stock is owned by institutional investors.
WTRH stock opened at $5.34 on Friday. Waitr has a 12 month low of $0.21 and a 12 month high of $5.55. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 4.54. The company has a 50-day moving average price of $4.49 and a 200 day moving average price of $2.59. The stock has a market cap of $485.41 million, a PE ratio of -1.51 and a beta of -5.13.
Waitr (NASDAQ:WTRH) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). The firm had revenue of $44.24 million during the quarter, compared to analysts’ expectations of $43.84 million. Waitr had a negative net margin of 142.99% and a negative return on equity of 80.32%. Sell-side analysts forecast that Waitr will post 0.13 EPS for the current year.
WTRH has been the topic of a number of research reports. BidaskClub upgraded shares of Waitr from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Deutsche Bank downgraded shares of Waitr from a “buy” rating to a “hold” rating in a report on Thursday, July 9th. They noted that the move was a valuation call. Craig Hallum upgraded shares of Waitr from a “hold” rating to a “buy” rating and set a $2.00 target price on the stock in a report on Friday, April 17th. Benchmark boosted their target price on shares of Waitr from $4.00 to $5.00 in a report on Monday, July 6th. Finally, B. Riley initiated coverage on shares of Waitr in a report on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 target price on the stock. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $4.92.
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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