Waitr Holdings (NASDAQ:WTRH) has moved up 12.3% after hours after a pair of insider buys anchored by billionaire Tilman Fertitta.
Fertitta (a director) disclosed purchases aggregating to 1M shares: 275,000 at average price of $1.437, 450,000 at $1.429 and 275,000 more at $1.41. That makes up his beneficial direct ownership; he also holds 4M shares indirectly through Fertitta Entertainment.
President Joseph Stough bought 45,000 shares at an average price of $1.473. That leaves him with direct beneficial ownership of 902,711 shares.
Founded in 2013 and based in Lake Charles, Louisiana, Waitr is a leader in on-demand food ordering and delivery. Waitr, along with recently acquired food delivery company Bite Squad, connect local restaurants to hungry diners in underserved U.S. markets. Together they are the most convenient way to discover, order and receive great food from the best local restaurants and national chains. As of March 31, 2019, Waitr operated in small and medium sized markets in the United States across approximately 700 cities.
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