Waitr Holdings (WTRH) was founded in 2013 and based in Lafayette, Louisiana, Waitr is a leader in on-demand food ordering and delivery. Waitr, along with recently acquired food delivery company Bite Squad, connects local restaurants to hungry diners in underserved U.S. markets. Together they are a convenient way to discover, order and receive great food from local restaurants and national chains.
They deliver food which has been booming in current the situation, no one wants to eat at a restaurant and its more about delivery and pickup now. This is exactly what they do and the recent results shows exactly the same. Upcoming earning report should be no different with beating expectations.
The consensus among analysts is that Waitr Holdings Inc. (WTRH) is an Overweight stock at the moment, with a recommendation rating of 2.2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy.
While shares held by institutions stand at 28.4% with a share float percentage of 35.12%. Investors are also buoyed by the number of investors in a company, with Waitr Holdings Inc. having a total of 100 institutions that hold shares in the company. The top two institutional holders are Luxor Capital Group, LP with over 10.17 Million shares worth more than $26.76 Million. As of June 29, 2020, Luxor Capital Group, LP held 9.24% of shares outstanding.
The 4 analysts offering 12-month price forecasts for Waitr Holdings Inc have a median target of 6.00, with a high estimate of 8.00 and The median estimate represents a +77.51% increase from the last price of 3.38.
Should you buy Waitr Holdings (WTRH)
Shares of Waitr Holdings (WTRH) appear to be a very good investment option, the Money Midnight Indicator is expecting its price to increase considerably in the next several years. The majority of the metrics point to this investment being highly attractive.
