O Shaughnessy Asset Management LLC raised its position in shares of Waitr Holdings Inc (NASDAQ:WTRH) by 821.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,322 shares of the company’s stock after purchasing an additional 2,070 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Waitr were worth $29,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WTRH. Pelham Capital Ltd. grew its stake in Waitr by 9.7% in the first quarter. Pelham Capital Ltd. now owns 3,895,808 shares of the company’s stock valued at $47,879,000 after purchasing an additional 345,808 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Waitr during the 4th quarter worth $43,429,000. Park West Asset Management LLC acquired a new position in Waitr in the 4th quarter worth about $28,231,000. Advent International Corp MA acquired a new position in Waitr in the 4th quarter worth about $20,291,000. Finally, Arrowgrass Capital Partners US LP bought a new stake in shares of Waitr in the 4th quarter valued at about $9,924,000. Institutional investors and hedge funds own 41.41% of the company’s stock.
In related news, insider Joseph Stough acquired 20,000 shares of the stock in a transaction dated Friday, May 24th. The stock was acquired at an average cost of $7.47 per share, for a total transaction of $149,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven L. Scheinthal acquired 10,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were bought at an average price of $6.80 per share, with a total value of $68,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 165,135 shares of company stock worth $1,217,399. Corporate insiders own 23.90% of the company’s stock.
Waitr (NASDAQ:WTRH) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.07). The business had revenue of $48.03 million for the quarter, compared to analyst estimates of $47.15 million. Research analysts anticipate that Waitr Holdings Inc will post -1.1 earnings per share for the current year.
Several equities research analysts recently commented on WTRH shares. Zacks Investment Research lowered Waitr from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Piper Jaffray Companies initiated coverage on Waitr in a research report on Friday, May 31st. They set an “overweight” rating and a $11.00 price target for the company. Deutsche Bank assumed coverage on Waitr in a report on Friday, June 7th. They set a “buy” rating and a $5.68 price objective for the company. Jefferies Financial Group started coverage on Waitr in a report on Thursday, March 14th. They issued a “buy” rating and a $18.00 price target for the company. Finally, Benchmark reissued a “buy” rating and set a $18.00 price objective on shares of Waitr in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Waitr currently has a consensus rating of “Buy” and a consensus target price of $14.54.
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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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