Waitr Holdings Inc (NASDAQ:WTRH) – Equities researchers at Jefferies Financial Group upped their Q2 2019 earnings per share estimates for shares of Waitr in a research note issued on Monday, May 13th. Jefferies Financial Group analyst B. Thill now expects that the company will earn ($0.21) per share for the quarter, up from their prior forecast of ($0.23). Jefferies Financial Group has a “Buy” rating and a $18.00 price objective on the stock. Jefferies Financial Group also issued estimates for Waitr’s Q4 2019 earnings at ($0.33) EPS.

Waitr (NASDAQ:WTRH) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.07). The business had revenue of $48.03 million during the quarter, compared to analysts’ expectations of $47.15 million.

Separately, Benchmark reaffirmed a “buy” rating and set a $18.00 price target on shares of Waitr in a research note on Wednesday, March 6th.

Shares of WTRH stock opened at $7.81 on Thursday. Waitr has a 12-month low of $7.25 and a 12-month high of $15.06. The stock has a market cap of $545.77 million and a price-to-earnings ratio of -3.58.

A number of hedge funds have recently modified their holdings of WTRH. O Shaughnessy Asset Management LLC lifted its stake 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. Virtu Financial LLC bought a new stake in shares of Waitr in the 1st quarter valued at about $153,000. Janney Montgomery Scott LLC bought a new stake in shares of Waitr in the 1st quarter valued at about $157,000. GWM Advisors LLC lifted its stake in shares of Waitr by 32.0% in the 1st quarter. GWM Advisors LLC now owns 34,612 shares of the company’s stock valued at $179,000 after acquiring an additional 8,383 shares during the last quarter. Finally, Monashee Investment Management LLC bought a new stake in shares of Waitr in the 4th quarter valued at about $279,000. 35.13% of the stock is owned by hedge funds and other institutional investors.

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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