Blue Apron Holdings Inc (NYSE:APRN) – Research analysts at Oppenheimer cut their FY2018 EPS estimates for shares of Blue Apron in a note issued to investors on Thursday, November 29th. Oppenheimer analyst R. Parikh now anticipates that the company will earn ($0.67) per share for the year, down from their previous forecast of ($0.64). Oppenheimer also issued estimates for Blue Apron’s Q4 2018 earnings at ($0.16) EPS and FY2019 earnings at ($0.30) EPS.
A number of other analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Blue Apron from a “sell” rating to a “hold” rating in a research report on Wednesday, October 3rd. ValuEngine upgraded shares of Blue Apron from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Guggenheim downgraded shares of Blue Apron from a “buy” rating to a “neutral” rating and set a $1.02 price target on the stock. in a research report on Thursday, November 15th. Barclays dropped their price target on shares of Blue Apron from $2.50 to $1.25 and set an “equal weight” rating on the stock in a research report on Thursday, November 15th. Finally, Stifel Nicolaus dropped their price target on shares of Blue Apron from $2.00 to $1.50 and set a “hold” rating on the stock in a research report on Thursday, November 15th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Blue Apron has a consensus rating of “Hold” and an average price target of $2.28.
Blue Apron (NYSE:APRN) last released its quarterly earnings results on Tuesday, November 13th. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.04. Blue Apron had a negative net margin of 19.25% and a negative return on equity of 75.39%. The company had revenue of $150.62 million for the quarter, compared to the consensus estimate of $157.20 million. During the same period in the previous year, the firm earned ($0.47) EPS. Blue Apron’s revenue was down 28.5% on a year-over-year basis.
In related news, insider Lainie Cooney sold 31,979 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $1.07, for a total value of $34,217.53. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ilia M. Papas sold 133,333 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $1.24, for a total transaction of $165,332.92. Following the completion of the sale, the insider now owns 194,976 shares in the company, valued at $241,770.24. The disclosure for this sale can be found here. Insiders sold a total of 1,782,584 shares of company stock worth $2,900,294 over the last quarter. Insiders own 56.24% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. River & Mercantile Asset Management LLP grew its stake in shares of Blue Apron by 3.2% in the third quarter. River & Mercantile Asset Management LLP now owns 4,153,389 shares of the company’s stock worth $7,123,000 after acquiring an additional 127,976 shares in the last quarter. Raymond James Trust N.A. grew its stake in shares of Blue Apron by 216.9% in the third quarter. Raymond James Trust N.A. now owns 150,451 shares of the company’s stock worth $259,000 after acquiring an additional 102,982 shares in the last quarter. Baillie Gifford & Co. acquired a new position in shares of Blue Apron in the third quarter worth $2,259,000. Blair William & Co. IL grew its stake in shares of Blue Apron by 7.7% in the third quarter. Blair William & Co. IL now owns 1,162,095 shares of the company’s stock worth $1,999,000 after acquiring an additional 82,900 shares in the last quarter. Finally, FMR LLC acquired a new position in shares of Blue Apron in the third quarter worth $3,431,000. Institutional investors and hedge funds own 10.72% of the company’s stock.
About Blue Apron
Blue Apron Holdings, Inc operates an e-commerce marketplace that delivers original recipes and fresh ingredients for making home cooking accessible. It provides original recipes with the pre-portioned ingredients to complement tastes and lifestyles of college graduates, young couples, families, singles, and empty nesters.
Featured Article: What is a Futures Contract?
Receive News & Ratings for Blue Apron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Apron and related companies with MarketBeat.com's FREE daily email newsletter.