Waitr Holdings Inc (WTRH) CEO Acquires $999,999.00 in Stock

Waitr Holdings Inc (NASDAQ:WTRH) CEO Christopher Meaux purchased 135,135 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were purchased at an average price of $7.40 per share, with a total value of $999,999.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

Waitr (NASDAQ:WTRH) last issued its 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 the consensus estimate of $47.15 million. Analysts predict that Waitr Holdings Inc will post -1.18 EPS for the current year.

Several brokerages recently commented on WTRH. Zacks Investment Research cut Waitr from a “hold” rating to a “sell” rating in a research report on Friday. Jefferies Financial Group began coverage on Waitr in a research report on Thursday, March 14th. They set a “buy” rating and a $18.00 price target for the company. Finally, Benchmark reiterated a “buy” rating and set a $18.00 price target on shares of Waitr in a research report on Wednesday, March 6th.

A number of large investors have recently modified their holdings of WTRH. Jefferies Financial Group Inc. purchased a new stake in Waitr in the 4th quarter valued at $43,429,000. Park West Asset Management LLC purchased a new stake in Waitr in the 4th quarter valued at $28,231,000. Advent International Corp MA purchased a new stake in Waitr in the 4th quarter valued at $20,291,000. FMR LLC grew its holdings in Waitr by 255.6% in the 1st quarter. FMR LLC now owns 1,669,436 shares of the company’s stock valued at $20,518,000 after buying an additional 1,199,936 shares in the last quarter. Finally, Arrowgrass Capital Partners US LP purchased a new stake in Waitr in the 4th quarter valued at $9,924,000. Institutional investors own 35.13% of the company’s stock.

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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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