Waitr Holdings Inc (NASDAQ:WTRH) Receives $8.17 Average Price Target from Brokerages

Shares of Waitr Holdings Inc (NASDAQ:WTRH) have earned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $8.17.

Several research analysts have weighed in on the company. Craig Hallum cut Waitr from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Benchmark set a $5.00 price target on Waitr and gave the company a “buy” rating in a research note on Friday, October 18th. Piper Jaffray Companies cut shares of Waitr from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $11.00 to $4.00 in a research report on Friday, August 9th. Zacks Investment Research downgraded shares of Waitr from a “hold” rating to a “sell” rating in a report on Saturday, November 16th. Finally, Royal Bank of Canada lowered shares of Waitr from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 17th.

Large investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Waitr in the 2nd quarter valued at about $26,000. Hayden Royal LLC bought a new position in shares of Waitr during the second quarter worth about $63,000. Balyasny Asset Management LLC acquired a new position in shares of Waitr in the second quarter worth approximately $85,000. Arthur M. Cohen & Associates LLC acquired a new position in shares of Waitr in the second quarter worth approximately $89,000. Finally, Hancock Whitney Corp acquired a new position in shares of Waitr in the second quarter worth approximately $100,000. 52.85% of the stock is owned by institutional investors and hedge funds.

Shares of Waitr stock traded up $0.06 on Friday, hitting $0.52. The stock had a trading volume of 54,784 shares, compared to its average volume of 3,676,988. The stock has a market cap of $29.08 million and a price-to-earnings ratio of -0.24. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.75. Waitr has a twelve month low of $0.21 and a twelve month high of $14.77. The business’s 50 day moving average is $0.46 and its two-hundred day moving average is $3.17.

Waitr Company Profile

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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Analyst Recommendations for Waitr (NASDAQ:WTRH)

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