Waitr (NASDAQ:WTRH) had its price objective lowered by Benchmark from $18.00 to $8.00 in a research note released on Friday, Briefing.com Automated Import reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently commented on the stock. Deutsche Bank assumed coverage on shares of Waitr in a research note on Friday, June 7th. They set a buy rating and a $5.68 price target on the stock. Piper Jaffray Companies cut shares of Waitr from an overweight rating to a neutral rating and decreased their price target for the company from $11.00 to $4.00 in a research note on Friday. Royal Bank of Canada assumed coverage on shares of Waitr in a research note on Monday, June 24th. They set an outperform rating and a $10.00 price target on the stock. Finally, Zacks Investment Research raised shares of Waitr from a hold rating to a buy rating and set a $5.50 price target on the stock in a research note on Saturday, August 3rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Waitr currently has an average rating of Buy and a consensus target price of $7.31.

WTRH opened at $1.82 on Friday. Waitr has a one year low of $1.31 and a one year high of $15.06. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.72 and a quick ratio of 1.72. The firm’s 50 day moving average is $5.14. The company has a market capitalization of $288.30 million and a PE ratio of -0.83.

In other Waitr news, CEO Christopher Meaux acquired 135,135 shares of Waitr stock in a transaction on Tuesday, May 21st. The shares were purchased at an average cost of $7.40 per share, with a total value of $999,999.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven L. Scheinthal acquired 10,000 shares of Waitr stock in a transaction on Tuesday, May 21st. The stock was acquired at an average cost of $6.80 per share, for a total transaction of $68,000.00. The disclosure for this purchase can be found here. Insiders have bought 165,135 shares of company stock worth $1,217,399 over the last three months. 23.90% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in WTRH. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Waitr in the second quarter valued at approximately $26,000. O Shaughnessy Asset Management LLC boosted its stake in Waitr by 821.4% in the first 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. Sanders Morris Harris LLC bought a new position in Waitr in the second quarter valued at approximately $63,000. Hayden Royal LLC bought a new position in Waitr in the second quarter valued at approximately $63,000. Finally, Arthur M. Cohen & Associates LLC bought a new position in Waitr in the second quarter valued at approximately $89,000. 42.15% of the stock is currently owned by hedge funds and other institutional investors.

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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