Northcoast Research Weighs in on Blue Apron Holdings, Inc.’s FY2017 Earnings (APRN)

Blue Apron Holdings, Inc. (NYSE:APRN) – Investment analysts at Northcoast Research lifted their FY2017 EPS estimates for Blue Apron Holdings in a research note issued to investors on Monday. Northcoast Research analyst C. Cerankosky now expects that the company will post earnings of ($1.54) per share for the year, up from their previous estimate of ($1.55). Northcoast Research also issued estimates for Blue Apron Holdings’ FY2018 earnings at ($0.90) EPS.

A number of other research firms have also commented on APRN. Stifel Nicolaus reaffirmed a “hold” rating and issued a $6.00 price target on shares of Blue Apron Holdings in a report on Friday, November 3rd. Zacks Investment Research raised Blue Apron Holdings from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Barclays PLC cut their price target on Blue Apron Holdings from $7.00 to $5.00 and set an “equal weight” rating for the company in a report on Friday, August 11th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of Blue Apron Holdings in a report on Monday, August 21st. Finally, UBS AG started coverage on Blue Apron Holdings in a report on Monday, July 24th. They issued a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $7.12.

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Blue Apron Holdings (NYSE APRN) opened at $3.09 on Wednesday. Blue Apron Holdings has a twelve month low of $3.02 and a twelve month high of $11.00. The company has a current ratio of 3.15, a quick ratio of 2.73 and a debt-to-equity ratio of 0.48.

Blue Apron Holdings (NYSE:APRN) last released its earnings results on Thursday, November 2nd. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.43) by ($0.04). The business had revenue of $210.60 million during the quarter, compared to analyst estimates of $191.47 million. During the same period in the prior year, the company earned ($0.56) earnings per share. Blue Apron Holdings’s revenue was up 2.5% on a year-over-year basis.

Large investors have recently bought and sold shares of the stock. Obermeyer Wood Investment Counsel Lllp bought a new stake in Blue Apron Holdings during the second quarter valued at $110,000. Royal Bank of Canada bought a new stake in Blue Apron Holdings during the second quarter valued at $141,000. Legal & General Group Plc bought a new stake in Blue Apron Holdings during the second quarter valued at $187,000. DekaBank Deutsche Girozentrale bought a new stake in Blue Apron Holdings during the second quarter valued at $220,000. Finally, Bank of New York Mellon Corp bought a new stake in Blue Apron Holdings during the third quarter valued at $120,000. 91.18% of the stock is owned by institutional investors.

In related news, major shareholder First Round Capital Iv, L.P. sold 1,460,435 shares of Blue Apron Holdings stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $3.26, for a total transaction of $4,761,018.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder First Round Capital Iv Partner sold 110,482 shares of Blue Apron Holdings stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $3.07, for a total value of $339,179.74. The disclosure for this sale can be found here. Insiders have sold 1,648,564 shares of company stock valued at $5,343,233 in the last three months.

Blue Apron Holdings Company Profile

Blue Apron Holdings, Inc is a holding company. The Company is focused on providing recipes and fresh ingredients for making home cooking accessible. The Company offers under a novel business model in which it source, process, store and package meal ingredients and ship them directly to consumers. The Company’s core products include Meals and Wine.

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