Waitr Holdings Inc (NASDAQ:WTRH) Director Steven L. Scheinthal purchased 10,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were bought at an average price of $6.80 per share, for a total transaction of $68,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of WTRH stock traded down $0.16 during trading hours on Tuesday, hitting $6.85. The company’s stock had a trading volume of 1,217,203 shares, compared to its average volume of 532,251. The company has a market capitalization of $489.86 million and a P/E ratio of -3.14. Waitr Holdings Inc has a 12-month low of $6.75 and a 12-month high of $15.06.

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 firm had revenue of $48.03 million for the quarter, compared to analyst estimates of $47.15 million. As a group, equities analysts forecast that Waitr Holdings Inc will post -1.18 earnings per share for the current year.

A number of brokerages have issued reports on WTRH. Zacks Investment Research lowered shares of Waitr from a “hold” rating to a “sell” rating in a research note on Friday. Jefferies Financial Group began coverage on shares of Waitr in a research note on Thursday, March 14th. They set a “buy” rating and a $18.00 price target on the stock. Finally, Benchmark restated a “buy” rating and set a $18.00 price target on shares of Waitr in a research note on Wednesday, March 6th.

Several hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in shares of Waitr by 1.8% in the 1st quarter. Wells Fargo & Company MN now owns 67,831 shares of the company’s stock valued at $834,000 after acquiring an additional 1,200 shares during the last quarter. Redmond Asset Management LLC boosted its holdings in shares of Waitr by 2.7% in the 1st quarter. Redmond Asset Management LLC now owns 52,349 shares of the company’s stock valued at $643,000 after acquiring an additional 1,388 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Waitr by 821.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,322 shares of the company’s stock valued at $29,000 after acquiring an additional 2,070 shares during the last quarter. GWM Advisors LLC boosted its holdings in shares of Waitr by 13.4% in the 1st quarter. GWM Advisors LLC now owns 29,732 shares of the company’s stock valued at $365,000 after acquiring an additional 3,503 shares during the last quarter. Finally, Financial Management Professionals Inc. boosted its holdings in shares of Waitr by 11.8% in the 1st quarter. Financial Management Professionals Inc. now owns 36,756 shares of the company’s stock valued at $452,000 after acquiring an additional 3,886 shares during the last quarter. 35.13% of the stock is currently owned by institutional investors and hedge funds.

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About Waitr

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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