|Bid||0.0000 x 3000|
|Ask||1.8800 x 4000|
|Day's Range||1.3800 - 1.5200|
|52 Week Range||1.3100 - 15.0600|
|Beta (3Y Monthly)||0.29|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 7, 2019 - Mar 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.00|
Waitr Holdings Inc. (WTRH) (“Waitr,” “we” or the “Company”) today announced that Adam Price, Chief Operations Officer, has been promoted to the position of Chief Executive Officer effective immediately. Chris Meaux, the Company’s founder and Chief Executive Officer, will remain as the Company’s Chairman of the Board.
Last week, DoorDash, one of America's largest food delivery companies, announced that it was buying Square's (NYSE:SQ) food delivery business, Caviar. Incredibly, DoorDash is paying just $410 million for Caviar. This is terrible news for Uber Technologies, Inc. (NYSE:UBER) and other companies in the food delivery space.Source: Shutterstock It adds to a series of other problems Uber has been having lately. These include permit issues in London, layoffs, and a report suggesting that ride-sharing services make traffic congestion worse. There's a lot going on with UBER stock and Uber stock price, and it's not good news. A Fire SaleIf you're tempted to dismiss the importance of this situation, think again. Caviar was supposed to be a nice opportunity for Square. Analysts had modeled Caviar and Square's food platform as a meaningful value driver in coming years. Since announcing the Caviar sale last week, SQ stock has plummeted from $81 to just $64.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat's because Square ended up dumping Caviar for just $410 million. That's peanuts. In fact, it was less than 2% of Square's market cap. Industry leader GrubHub (NASDAQ:GRUB) is valued at more than $6 billion. What can we take away from this? * 10 Stocks to Buy on the Trade War Dip Square was willing to give Caviar away for next to nothing simply to stop the bleeding. Square had previously tried to sell Caviar in 2016 but couldn't find a buyer at an agreeable price. Reportedly Square wanted to get rid of Caviar due to its excessive losses, and apparently decided it was finally time to bite the bullet and dump the property. Square didn't report Caviar's financials separately, so we don't know just how bad the overall financial performance was. Uber Stock: Public Versus Private Company DynamicsSquare's move to unload Caviar at any price is another demonstration of an important economic theme at the moment. If you're a private company funded with venture capital money, you can do anything you want right now. Want to buy millions of electric scooters that will end up inevitably getting thrown in dumpsters and lakes? Not a problem. Companies like Bird and Lime have gotten plenty of VC funding despite an absurd business model.But if you're Uber, you probably don't want to go into electric scooters to compete. Why's that? Because public investors actually care about profits and losses. Call them old-fashioned if you wish, but the public markets still look at business metrics other than the revenue growth rate. Square proved this by dumping a fast-growing business for barely any consideration at all.Square showed that a business that is losing gobs of money with no signs of imminent improvement is effectively less-than-worthless. It was better to get out altogether than keep taking losses, regardless of how much revenue it brought into Square overall.Uber stock may find that it faces similar problems in the new businesses that it has been trying to launch. When you're competing with venture capital folks who are willing to run massive losses indefinitely, it's hard for a company that is accountable to public shareholders to compete. What Becomes of Uber Eats?It's worth asking if investors have built too much optimism into UBER stock because of its ownership position in Uber Eats. Publicly-traded industry leader GrubHub has gotten walloped. GRUB's stock has lost half its value over the past year. Meanwhile, we saw what happened to Square stock last week as they announced the Caviar sale.Other competition is floundering as well. Smaller rival Waitr (NASDAQ:WTRH), which focuses on delivery in smaller urban areas, has gotten smashed. The stock has lost nearly two-thirds of its value recently, and will likely lose more going forward. If Caviar is only worth $310 million, is Waitr still worth $300 million? Almost certainly not. All these falling stock prices will make Uber stock owners question their valuations for the Uber Eats part of the business going forward. UBER Stock VerdictUBER stock investors already had reason to be nervous. Last week, Uber announced the layoffs of 400 members of its marketing team. And Uber didn't limit the cuts to the United States. It fired employees in places as far-flung as Colombia and Ghana. This is not a good sign at all, as Uber needs international growth to distinguish itself, particularly as long as Lyft (NASDAQ:LYFT) remains a pesky rival in the core American market.And now Square's efforts to dump Caviar call into question the value of Uber Eats. Square stock has long been highly-valued on the basis of future growth potential. That's just like UBER stock. Square's management just gave you a loud clear sign that it needs to focus on profits rather than revenue growth and the stock market reacted by furiously unloading Square's stock.If Uber goes down a similar path - and firing marketing employees is a troubling sign - it will greatly curtail Uber's blue sky potential going forward. I believe UBER stock has potential for long-term investors willing to endure a few years of losses. But if the market forces the company to pivot to profitability now, it could come at the loss of huge future markets such as food delivery and effect UBER stock price.At the time of this writing, Ian Bezek held no positions in any of the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on the Trade War Dip * The 5 Highest-Rated Dow Stocks Right Now * 4 Cybersecurity Stocks to Buy for Long-Term Gains The post Uber Stock Owners: Be Very Afraid of What Square Just Did appeared first on InvestorPlace.
Waitr (WTRH), a leader in on-demand food ordering and delivery, today announced a partnership with Olo, the leading digital food ordering platform for the restaurant industry, to enable fully integrated ordering and delivery through Olo Rails for its restaurant partners. As a result, orders placed by consumers on the Waitr and Bite Squad apps will soon flow directly into the POS system at the restaurant, creating a seamless experience for operators while increasing accessibility to new restaurant brands for Waitr.
Waitr Holdings Inc. (WTRH) (“Waitr”), a leader in on-demand food ordering and delivery, today announced that it intends to release its second quarter 2019 financial results following the close of the stock market on Thursday, August 8, 2019 and host a conference call at 4:00pm CT that same day. The call can also be accessed live over the phone by dialing (877) 705-6003, or for international callers (201) 493-6725. Founded in 2013 and based in Lake Charles, Louisiana, Waitr is a leader in on-demand food ordering and delivery.
Grubhub (GRUB) loses its top position in the U.S. online food delivery market to its nearest competitor DoorDash, per a recent report by Second Measure.
Chris Meaux, founder and CEO of Waitr, the popular on-demand restaurant delivery service, has won the 2019 Entrepreneur of the Year Award in the Gulf Coast area. The award, presented by Ernst & Young, LLP, recognizes entrepreneurs who are excelling in areas such as innovation, financial performance and personal commitment to their businesses and communities, while also transforming our world. Meaux was selected by an independent panel of judges, and the award was presented at a special ceremony on June 21 in Houston.
At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of March 31. In this […]
Waitr Holdings Inc. (WTRH) (“Waitr,” “we” or the “Company”) today announced that Adam Price, Chief Logistics Officer, has been promoted to the position of Chief Operating Officer effective June 12, 2019. Joseph Stough, who has been the Company’s President and Chief Operating Officer since 2017, will remain as the Company’s President. “Adam has been a great addition to the Waitr family and we could not be more pleased to promote him to the position of COO,” said Chris Meaux, founder and Chief Executive Officer of Waitr.
Shares of GrubHub (GRUB) popped today, closing slightly above 8% on news that Amazon.com???s (AMZN) food delivery competitor Amazon Restaurants was shutting down operations
A Sacramento startup working on technology to make office buildings smarter and more comfortable has received an investment from the Launch accelerator in San Francisco.
Waitr Holdings Inc. (WTRH) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
CEO and Chairman of Waitr Holdings Inc (NASDAQ:WTRH) Christopher Meaux bought 135,135 shares of WTRH on 05/21/2019 at an average price of $7.4 a share.
Waitr Holdings Inc. , a leader in on-demand food ordering and delivery, today announced that the Company will attend the following investor conferences:
Waitr Holdings Inc. (WTRH) (“Waitr”), a leader in on-demand food ordering and delivery, today announced the closing of its follow-on public offering of 6,757,000 shares of its common stock at a price to the public of $7.40 per share (the “Offering”) resulting in gross proceeds of $50.0 million. In addition, Waitr has granted the underwriters a 30-day option to purchase up to an additional 1,013,550 shares of its common stock. Waitr intends to use the net proceeds from the Offering for general corporate purposes, which may include, but is not limited to, acquisitions, expansion into new markets, working capital and the repayment of debt.
Waitr Holdings Inc. (WTRH) (“Waitr”), a leader in on-demand food ordering and delivery, today announced the pricing of its follow-on public offering of 6,757,000 shares of its common stock at a price to the public of $7.40 per share (the “Offering”) resulting in gross proceeds of $50.0 million. The Offering is expected to close on May 21, 2019, subject to customary closing conditions. In addition, Waitr has granted the underwriters a 30-day option to purchase up to an additional 1,013,550 shares of its common stock.
Waitr Holdings Inc. (WTRH) (“Waitr”), a leader in on-demand food ordering and delivery, today announced that it has launched a proposed follow-on public offering of shares of its common stock (the “Offering”). In addition, Waitr expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of its common stock sold in the proposed Offering. Waitr intends to use the net proceeds from the Offering for general corporate purposes, which may include, but is not limited to, acquisitions, expansion into new markets, working capital and the repayment of debt.
The online food delivery industry is expected to reach $24.4 million by 2023 as companies like Uber, Grubhub and Waitr Holdings continue to compete for shareholders attention. Chris Meaux, the Waitr CEO, tells Yahoo Finance that his online food delivery company can reach profitability, if needed, "quicker than any other company in our space."