Other research analysts have also recently issued reports about the stock. B. Riley started coverage on shares of Waitr in a report on Wednesday, July 22nd. They set a “buy” rating and a $8.00 price target on the stock. Deutsche Bank downgraded Waitr from a “buy” rating to a “hold” rating in a research note on Thursday, July 9th. They noted that the move was a valuation call. Craig Hallum reaffirmed a “buy” rating and set a $7.00 price target (up from $2.00) on shares of Waitr in a research report on Friday, August 7th. Finally, Benchmark boosted their price objective on Waitr from $4.00 to $5.00 in a research report on Monday, July 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Waitr presently has an average rating of “Hold” and an average target price of $6.67.
Shares of NASDAQ:WTRH opened at $3.34 on Thursday. The business’s 50 day moving average is $4.45 and its 200 day moving average is $3.35. Waitr has a 12-month low of $0.21 and a 12-month high of $5.85. The stock has a market cap of $367.65 million, a price-to-earnings ratio of -1.08 and a beta of -4.30. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 1.55.
Waitr (NASDAQ:WTRH) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. Waitr had a negative return on equity of 95.68% and a negative net margin of 118.32%. The business had revenue of $60.51 million for the quarter, compared to analysts’ expectations of $59.86 million. As a group, equities research analysts expect that Waitr will post 0.16 earnings per share for the current year.
Hedge funds have recently modified their holdings of the company. State Street Corp raised its holdings in shares of Waitr by 8.2% in the 1st quarter. State Street Corp now owns 960,311 shares of the company’s stock worth $1,181,000 after purchasing an additional 72,667 shares during the period. Royal Bank of Canada increased its position in Waitr by 739.3% in the first quarter. Royal Bank of Canada now owns 61,425 shares of the company’s stock worth $76,000 after buying an additional 54,106 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Waitr by 9.8% in the first quarter. Bank of New York Mellon Corp now owns 142,413 shares of the company’s stock valued at $175,000 after buying an additional 12,701 shares during the period. ProShare Advisors LLC purchased a new position in shares of Waitr during the 2nd quarter valued at $27,000. Finally, Jane Street Group LLC bought a new position in shares of Waitr during the 1st quarter worth $33,000. Institutional investors own 43.62% of the company’s stock.
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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