Waitr Holdings Inc (NASDAQ:WTRH) shares saw unusually-high trading volume on Monday . Approximately 2,226,632 shares changed hands during trading, an increase of 64% from the previous session’s volume of 1,356,268 shares.The stock last traded at $0.42 and had previously closed at $0.38.
A number of equities research analysts have recently weighed in on WTRH shares. Zacks Investment Research lowered shares of Waitr from a “hold” rating to a “sell” rating in a report on Saturday, November 16th. Piper Jaffray Companies lowered shares of Waitr from an “overweight” rating to a “neutral” rating and cut their target price for the company from $11.00 to $4.00 in a report on Friday, August 9th. Royal Bank of Canada cut shares of Waitr from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 17th. Craig Hallum downgraded shares of Waitr from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Benchmark set a $5.00 price target on Waitr and gave the stock a “buy” rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $6.88.
The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 2.75. The business has a 50 day moving average price of $0.46 and a 200-day moving average price of $3.17. The firm has a market capitalization of $29.08 million and a PE ratio of -0.25.
Several institutional investors have recently bought and sold shares of WTRH. Janus Henderson Group PLC increased its holdings in Waitr by 19.6% in the second quarter. Janus Henderson Group PLC now owns 2,120,315 shares of the company’s stock valued at $13,337,000 after buying an additional 346,748 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Waitr by 895.5% in the second quarter. BlackRock Inc. now owns 3,810,635 shares of the company’s stock worth $23,968,000 after acquiring an additional 3,427,856 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Waitr in the 2nd quarter valued at about $118,000. Lyons Wealth Management LLC. purchased a new stake in Waitr in the 2nd quarter worth approximately $1,022,000. Finally, Parametric Portfolio Associates LLC purchased a new stake in Waitr in the 2nd quarter valued at about $133,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.
Waitr Company Profile (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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