Waitr Holdings Inc.'s shares dropped Thursday in the wake of plans by the food ordering and delivery company to change its name and identity as part of a rebranding push. In afternoon trading, the stock was 9% lower at $2.03, widening the loss in 2021 to 27%.
Full Answer
What happened to the Waitr Holdings stock?
Oct 27, 2021 · Sometimes it's hard to know why investors bid up a small company like Waitr Holdings. It only had about $100 million in revenue for the first six months of 2021, while incurring a net loss of more ...
What are analysts'price targets for Waitr's (Waitr) stock?
Mar 09, 2021 · What happened. The stock of restaurant food delivery company Waitr Holdings ( WTRH -4.88% ) had tumbled 11.7% at 10:45 a.m. EST on Tuesday after it missed on earnings in its fourth-quarter report ...
Should you buy Waitr stock?
Mar 14, 2022 · WTRH stock plunged to a new low in the past year as it reported a downfall of 84% in the span. The current stock position of the company is also not much better as its stock is on a continuous verge of deceleration. Its stock dipped after the financial statement release as the company noted a drop in its earnings and revenue over the year.
Is there an upside for Waitr stock?
Aug 09, 2019 · the company was coming off a financial report thursday and conference call with analyst's that outlined its financial losses during april-june, a shake-up of its workforce — including its top...
Is Waitr a good stock to buy?
Waitr has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
What is going on with Waitr?
Waitr will change its name and visual identity as part of a comprehensive rebrand, company officials announced Thursday morning. The on-demand food ordering and delivery service that was founded in 2013 will launch a strategic initiative to rebrand itself over the next 12-18 months.Jun 3, 2021
Will Waitr Holdings stock go up?
Stock Price Forecast The 1 analysts offering 12-month price forecasts for Waitr Holdings Inc have a median target of 2.00, with a high estimate of 2.00 and a low estimate of 2.00. The median estimate represents a +584.93% increase from the last price of 0.29.
Will Waitr be delisted?
Louisiana-based online food delivery company Waitr Holdings Inc. is facing a possible Nasdaq delisting for the second time since 2019. Waitr also announced that Lake Charles businessman William Gray Stream is leaving the company's board of directors.Feb 21, 2022
Why is Waitr stock going up?
Shares of Waitr Holdings ( WTRH 2.04% ) are moving sharply higher after the company announced plans to pursue a partnership with Flow Payments that will ultimately lead to a delivery and payment solution for cannabis dispensaries in a compliant marketplace.Mar 5, 2021
Is Waitr losing money?
Net loss for the fourth quarter of 2021 was $8.1 million, or $0.06 per share, compared to net income of $2.6 million in the fourth quarter of 2020, or $0.02 per share. Net loss for the fourth quarter of 2021 was $8.1 million compared to net income of $12.3 for the third quarter of 2021.Mar 11, 2022
Will camber energy stock go up?
How high will Camber Energy stock go? Based on the algorithm-based CEI price prediction from Wallet Investor as of 22 March, the price of Camber Energy in the near term could rise to $1.14 per share by 4 April 2022.Mar 22, 2022
What waiter Holdings own?
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.
Fourth-quarter earnings missed, and the next quarter looks uncertain
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
The stock of restaurant food delivery company Waitr Holdings ( NASDAQ:WTRH) had tumbled 11.7% at 10:45 a.m. EST on Tuesday after it missed on earnings in its fourth-quarter report.
So what
But sales grew 6.6% to $204.3 million for the year as a whole and were up 8.6% year over year for the fourth quarter. And even if earnings were not quite as robust as analysts had hoped to see, they were at least positive, versus last year's fourth-quarter loss of $0.28 per shares.
Now what
Management did not give clear guidance for 2021. Even so, it ended on a sort of ominous note, saying that: "adverse weather conditions impacted certain of the markets we operate in ... during the fourth quarter of 2020 and in early 2021."
Waitr stock plummets amid CEO resignation, layoffs and lack of profits
Waitr founder Chris Meaux participates in the opening of trading at the Nasdaq stock exchange in November 2018. Former drivers at Waitr filed a class action lawsuit in February 2019.
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How much debt did Waitr have in Q2?
Waitr finished Q2 with $66.7 million in cash and $109.5 million in long-term debt. Subsequent to the close of the quarter, Waitr prepaid $10.5 million of debt in early August in exchange for a temporary interest rate reduction of 2 percentage points for one year, and the maturity date of its credit facility and convertible notes will be extended by one year. The company had conducted an at-the-market offering last month to raise the cash it used to pay down debt.
Who is Evan from Motley Fool?
Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.
Who is the CEO of Waitr?
Waitr Chairman and CEO Carl Grimstad said in a statement, "We are pleased with our financial results for the first quarter of 2021, as we continued to grow our revenue and generate positive operating cash flow.". But investors weren't as pleased.
When was Waitr founded?
And average daily orders declined by almost 4% compared with the average for the full year 2020. Waitr was founded in 2013 and has focused on underserved delivery markets, tying consumers' food demand with local restaurants.