Waitr (NASDAQ:WTRH – Get Rating) had its price target reduced by research analysts at Benchmark from $4.00 to $2.00 in a research report issued to clients and investors on Monday, The Fly reports. Benchmark’s price objective would indicate a potential upside of 440.69% from the stock’s previous close.
NASDAQ:WTRH opened at $0.37 on Monday. Waitr has a 1 year low of $0.39 and a 1 year high of $3.03. The stock has a market cap of $46.84 million, a price-to-earnings ratio of 12.33 and a beta of -1.39. The business has a fifty day moving average of $0.56 and a 200-day moving average of $0.93. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.61 and a current ratio of 1.61.
Waitr (NASDAQ:WTRH – Get Rating) last released its quarterly earnings results on Friday, March 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.03). Waitr had a negative return on equity of 4.36% and a net margin of 2.91%.
Several large investors have recently added to or reduced their stakes in WTRH. FMR LLC grew its stake in shares of Waitr by 255.6% in the first quarter. FMR LLC now owns 1,669,436 shares of the company’s stock worth $20,518,000 after purchasing an additional 1,199,936 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Waitr by 170.7% during the second quarter. JPMorgan Chase & Co. now owns 85,728 shares of the company’s stock valued at $153,000 after buying an additional 54,059 shares in the last quarter. Renaissance Technologies LLC bought a new position in Waitr during the second quarter valued at about $451,000. Morgan Stanley boosted its stake in Waitr by 39.5% during the second quarter. Morgan Stanley now owns 807,195 shares of the company’s stock valued at $1,437,000 after buying an additional 228,522 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Waitr by 23.8% during the second quarter. Bank of America Corp DE now owns 116,861 shares of the company’s stock valued at $208,000 after buying an additional 22,486 shares in the last quarter. 22.24% of the stock is owned by institutional investors.
Waitr Company Profile
Waitr Holdings, Inc engages in the provision and development of online ordering technology platform. Its product features delivery, carryout and dine-in options, connecting restaurants, drivers, and diners services. The company was founded by Christopher Meaux on November 19, 2008 and is headquartered in Lafayette, LA.