Piper Jaffray Companies assumed coverage on shares of Waitr (NASDAQ:WTRH) in a research note issued to investors on Friday, Benzinga reports. The firm issued an overweight rating and a $11.00 target price on the stock.

A number of other equities analysts have also commented on WTRH. Benchmark reissued a buy rating and set a $18.00 price target on shares of Waitr in a research note on Wednesday, March 6th. Jefferies Financial Group started coverage on Waitr in a research note on Thursday, March 14th. They set a buy rating and a $18.00 price target for the company. Finally, Zacks Investment Research lowered Waitr from a hold rating to a sell rating in a research note on Friday, May 17th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $16.75.

NASDAQ:WTRH opened at $6.54 on Friday. Waitr has a 12-month low of $6.50 and a 12-month high of $15.06. The stock has a market cap of $536.72 million and a P/E ratio of -3.00.

Waitr (NASDAQ:WTRH) last released its earnings results on Wednesday, May 8th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.07). The company had revenue of $48.03 million during the quarter, compared to analysts’ expectations of $47.15 million. As a group, analysts forecast that Waitr will post -1.18 EPS for the current fiscal year.

In related news, insider Joseph Stough acquired 20,000 shares of the stock in a transaction dated Friday, May 24th. The stock was acquired at an average cost of $7.47 per share, with a total value of $149,400.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Christopher Meaux acquired 135,135 shares of the stock in a transaction dated Tuesday, May 21st. The stock was bought at an average cost of $7.40 per share, with a total value of $999,999.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 165,135 shares of company stock valued at $1,217,399. 23.90% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Wells Fargo & Company MN lifted its stake 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 purchasing an additional 1,200 shares during the last quarter. Redmond Asset Management LLC lifted its stake 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 purchasing an additional 1,388 shares during the last quarter. 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 purchasing an additional 2,070 shares during the last quarter. GWM Advisors LLC lifted its stake 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 purchasing an additional 3,503 shares during the last quarter. Finally, Financial Management Professionals Inc. lifted its stake 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 purchasing an additional 3,886 shares during the last quarter. 41.41% of the stock is owned by institutional investors and hedge funds.

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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