Waitr (WTRH) Shares Gap Down to $7.81

Waitr Holdings Inc (NASDAQ:WTRH) gapped down prior to trading on Friday . The stock had previously closed at $8.09, but opened at $7.81. Waitr shares last traded at $7.45, with a volume of 3439904 shares traded.

Several research firms recently weighed in on WTRH. Zacks Investment Research lowered Waitr from a “hold” rating to a “sell” rating in a report on Friday. Jefferies Financial Group began coverage on Waitr in a report on Thursday, March 14th. They issued a “buy” rating and a $18.00 target price for the company. Finally, Benchmark restated a “buy” rating and issued a $18.00 target price on shares of Waitr in a report on Wednesday, March 6th.

The stock has a market capitalization of $568.83 million and a P/E ratio of -3.42.

Waitr (NASDAQ:WTRH) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.07). The business had revenue of $48.03 million during the quarter, compared to the consensus estimate of $47.15 million. Sell-side analysts expect that Waitr Holdings Inc will post -1.18 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Redmond Asset Management LLC bought a new stake in shares of Waitr during the fourth quarter valued at approximately $568,000. Royce & Associates LP bought a new stake in shares of Waitr during the fourth quarter valued at approximately $2,472,000. Monashee Investment Management LLC bought a new stake in shares of Waitr during the fourth quarter valued at approximately $279,000. GWM Advisors LLC acquired a new stake in Waitr in the 4th quarter valued at $292,000. Finally, Victory Capital Management Inc. acquired a new stake in Waitr in the 4th quarter valued at $1,666,000. Institutional investors and hedge funds own 35.13% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This story was first published by Stock Observer and is owned by of Stock Observer. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.thestockobserver.com/2019/05/17/waitr-wtrh-shares-gap-down-to-7-81.html.

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.

See Also: Earnings Per Share (EPS)

Receive News & Ratings for Waitr Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waitr and related companies with MarketBeat.com's FREE daily email newsletter.