Hodges Capital Management Inc. purchased a new position in Waitr Holdings Inc (NASDAQ:WTRH) during the first quarter, Holdings Channel reports. The fund purchased 346,200 shares of the company’s stock, valued at approximately $4,255,000.
Other institutional investors also recently made changes to their positions in the company. Redmond Asset Management LLC purchased a new position in Waitr in the 4th quarter worth approximately $568,000. Royce & Associates LP bought a new stake in shares of Waitr during the fourth quarter valued at approximately $2,472,000. Monashee Investment Management LLC bought a new stake in shares of Waitr during the fourth quarter valued at approximately $279,000. Victory Capital Management Inc. bought a new stake in shares of Waitr during the fourth quarter valued at approximately $1,666,000. Finally, GWM Advisors LLC bought a new stake in shares of Waitr during the fourth quarter valued at approximately $292,000. 34.16% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:WTRH opened at $11.00 on Tuesday. The firm has a market cap of $768.68 million and a price-to-earnings ratio of -5.05. Waitr Holdings Inc has a 12-month low of $9.99 and a 12-month high of $15.06.
Waitr (NASDAQ:WTRH) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($0.52) earnings per share (EPS) for the quarter. The business had revenue of $21.27 million during the quarter. As a group, equities research analysts forecast that Waitr Holdings Inc will post -0.85 EPS for the current fiscal year.
WTRH has been the topic of several research reports. Jefferies Financial Group initiated coverage on Waitr in a research report on Thursday, March 14th. They set a “buy” rating and a $18.00 price target on the stock. Benchmark reiterated a “buy” rating and set a $18.00 price objective on shares of Waitr in a research note on Wednesday, March 6th.
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Waitr Holdings Inc operates as an on-demand food ordering and delivery company in the United States. Its platform connects local restaurants to diners in the Southeast United States. As of September 30, 2018, the company had approximately 7,700 restaurant partners in 235 cities. Waitr Holdings Inc was founded in 2013 and is headquartered in Lake Charles, Louisiana.
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