Waitr Holdings Inc (NASDAQ:WTRH)’s share price was down 5.1% during mid-day trading on Thursday . The stock traded as low as $5.85 and last traded at $5.98. Approximately 1,011,099 shares changed hands during mid-day trading, an increase of 46% from the average daily volume of 692,087 shares. The stock had previously closed at $6.30.
Several equities research analysts recently issued reports on WTRH shares. Benchmark reissued a “buy” rating and issued a $18.00 target price on shares of Waitr in a report on Wednesday, March 6th. Jefferies Financial Group assumed coverage on Waitr in a report on Thursday, March 14th. They set a “buy” rating and a $18.00 price target on the stock. Zacks Investment Research downgraded Waitr from a “hold” rating to a “sell” rating in a report on Friday, May 17th. Piper Jaffray Companies assumed coverage on Waitr in a report on Friday, May 31st. They set an “overweight” rating and a $11.00 price target on the stock. Finally, Deutsche Bank assumed coverage on Waitr in a report on Friday, June 7th. They set a “buy” rating and a $5.68 price target on the stock. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Waitr has an average rating of “Buy” and an average price target of $13.78.
The stock has a fifty day moving average price of $6.84. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.51. The company has a market cap of $482.32 million and a P/E ratio of -2.89.
In related news, insider Joseph Stough purchased 20,000 shares of the company’s stock in a transaction on Friday, May 24th. The stock was bought at an average price of $7.47 per share, with a total value of $149,400.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher Meaux purchased 135,135 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were bought at an average cost of $7.40 per share, with a total value of $999,999.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 165,135 shares of company stock valued at $1,217,399 over the last ninety days. 23.90% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP acquired a new stake in shares of Waitr during the fourth quarter worth $2,472,000. Monashee Investment Management LLC acquired a new position in Waitr in the fourth quarter valued at $279,000. Victory Capital Management Inc. acquired a new position in Waitr in the fourth quarter valued at $1,666,000. FMR LLC acquired a new position in Waitr in the fourth quarter valued at $5,235,000. Finally, Financial Management Professionals Inc. boosted its holdings in Waitr by 11.8% in the first quarter. Financial Management Professionals Inc. now owns 36,756 shares of the company’s stock valued at $452,000 after acquiring an additional 3,886 shares during the last quarter. 41.41% of the stock is owned by institutional investors.
About Waitr (NASDAQ:WTRH)
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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