Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Waitr Holdings Inc (NASDAQ:WTRH) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,056 shares of the company’s stock, valued at approximately $26,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC grew its position in Waitr by 821.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,322 shares of the company’s stock valued at $29,000 after acquiring an additional 2,070 shares during the period. Sanders Morris Harris LLC bought a new stake in Waitr in the second quarter valued at $63,000. Arthur M. Cohen & Associates LLC bought a new stake in Waitr in the second quarter valued at $89,000. Claro Advisors LLC bought a new stake in Waitr in the second quarter valued at $127,000. Finally, Virtu Financial LLC bought a new stake in Waitr in the first quarter valued at $153,000. Institutional investors and hedge funds own 52.49% of the company’s stock.
Shares of WTRH stock traded down $0.15 during trading hours on Friday, hitting $1.85. 38,000 shares of the company’s stock were exchanged, compared to its average volume of 2,237,221. The stock’s 50-day moving average is $4.22 and its 200-day moving average is $8.40. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.36 and a quick ratio of 2.36. The stock has a market cap of $144.93 million and a price-to-earnings ratio of -0.85. Waitr Holdings Inc has a 52 week low of $1.31 and a 52 week high of $15.06.
A number of brokerages have weighed in on WTRH. Craig Hallum reiterated a “buy” rating and issued a $5.00 price target (down from $20.00) on shares of Waitr in a research report on Friday, August 9th. They noted that the move was a valuation call. Piper Jaffray Companies cut Waitr from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $11.00 to $4.00 in a research report on Friday, August 9th. Benchmark lowered their price target on Waitr from $18.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Royal Bank of Canada set a $5.00 target price on Waitr and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Deutsche Bank assumed coverage on Waitr in a report on Friday, June 7th. They set a “buy” rating and a $5.68 target price on the stock. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Waitr currently has a consensus rating of “Buy” and a consensus target price of $7.31.
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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