Sanders Morris Harris LLC increased its stake in Waitr Holdings Inc. (NASDAQ:WTRH) by 100.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,000 shares of the company’s stock after buying an additional 10,000 shares during the quarter. Sanders Morris Harris LLC’s holdings in Waitr were worth $64,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hodges Capital Management Inc. bought a new position in shares of Waitr in the third quarter worth $2,415,000. Principal Financial Group Inc. acquired a new stake in Waitr in the second quarter valued at about $33,000. Bridgeway Capital Management Inc. acquired a new stake in Waitr in the second quarter valued at about $36,000. Nuveen Asset Management LLC acquired a new stake in Waitr in the second quarter valued at about $2,015,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Waitr by 27.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 183,613 shares of the company’s stock valued at $483,000 after buying an additional 39,717 shares in the last quarter. 43.62% of the stock is owned by institutional investors.
NASDAQ WTRH traded down $0.16 on Friday, hitting $3.26. The company’s stock had a trading volume of 2,110,422 shares, compared to its average volume of 6,237,845. Waitr Holdings Inc. has a 52-week low of $0.21 and a 52-week high of $5.85. The firm has a market cap of $358.85 million, a P/E ratio of -1.05 and a beta of -4.30. The company’s 50-day simple moving average is $3.59 and its 200 day simple moving average is $3.66. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.55.
Waitr (NASDAQ:WTRH) last announced its earnings results on Thursday, August 6th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02. Waitr had a negative return on equity of 95.68% and a negative net margin of 118.32%. The firm had revenue of $60.51 million during the quarter, compared to analyst estimates of $59.86 million. On average, research analysts forecast that Waitr Holdings Inc. will post 0.16 EPS for the current fiscal year.
A number of analysts have recently commented on the company. Zacks Investment Research lowered Waitr from a “buy” rating to a “hold” rating in a research note on Friday, October 2nd. Benchmark lifted their target price on Waitr from $4.00 to $5.00 in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft cut Waitr from a “buy” rating to a “hold” rating in a research report on Thursday, July 9th. They noted that the move was a valuation call. B. Riley assumed coverage on Waitr in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $8.00 price objective on the stock. Finally, Craig Hallum reissued a “buy” rating and issued a $7.00 price objective (up previously from $2.00) on shares of Waitr in a research report on Friday, August 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $5.94.
Waitr Company Profile
Waitr Holdings Inc provides online food ordering and delivery services in the United States. Its Waitr Platform and Bite Squad Platform facilitate ordering of food and beverages by diners from restaurant partners for pick-up and delivery through a network of drivers. As of December 31, 2019, the company had approximately 18,000 restaurant partners in 640 cities.
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