Vanguard Group Inc. raised its position in Waitr Holdings Inc (NASDAQ:WTRH) by 67.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,956,877 shares of the company’s stock after buying an additional 1,188,976 shares during the quarter. Vanguard Group Inc. owned about 3.86% of Waitr worth $18,599,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of WTRH. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Waitr during the 2nd quarter valued at $26,000. Hayden Royal LLC bought a new stake in shares of Waitr during the 2nd quarter valued at $63,000. Sanders Morris Harris LLC bought a new stake in shares of Waitr during the 2nd quarter valued at $63,000. Arthur M. Cohen & Associates LLC purchased a new position in Waitr during the second quarter worth about $89,000. Finally, Ahrens Investment Partners LLC boosted its holdings in shares of Waitr by 71.7% in the 2nd quarter. Ahrens Investment Partners LLC now owns 215,433 shares of the company’s stock worth $108,000 after purchasing an additional 89,933 shares in the last quarter. Hedge funds and other institutional investors own 60.68% of the company’s stock.
WTRH traded down $0.17 during midday trading on Friday, reaching $0.28. 22,437,600 shares of the company’s stock traded hands, compared to its average volume of 1,241,817. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.36 and a quick ratio of 2.36. The stock has a market capitalization of $35.20 million and a price-to-earnings ratio of -0.13. The firm has a fifty day moving average of $0.92 and a two-hundred day moving average of $4.29. Waitr Holdings Inc has a 52 week low of $0.26 and a 52 week high of $15.06.
In other news, President Joseph Stough bought 45,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were purchased at an average cost of $1.47 per share, with a total value of $66,150.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tilman J. Fertitta bought 1,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was purchased at an average cost of $1.43 per share, for a total transaction of $1,430,000.00. The disclosure for this purchase can be found here. Insiders purchased 1,094,000 shares of company stock valued at $1,567,050 in the last three months. 23.90% of the stock is currently owned by insiders.
A number of equities analysts have recently issued reports on WTRH shares. Zacks Investment Research upgraded Waitr from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a report on Saturday, August 3rd. Piper Jaffray Companies cut Waitr from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $11.00 to $4.00 in a report on Friday, August 9th. Royal Bank of Canada cut Waitr from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 17th. Craig Hallum cut Waitr from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Benchmark set a $5.00 price objective on Waitr and gave the stock a “buy” rating in a report on Friday, October 18th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $6.88.
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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