Blue Apron (NYSE:APRN) announced its quarterly earnings results on Tuesday. The company reported ($0.20) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.07, Morningstar.com reports. The business had revenue of $187.70 million during the quarter, compared to analyst estimates of $186.13 million. During the same period last year, the company earned ($0.39) EPS. The business’s revenue for the quarter was down 13.1% on a year-over-year basis.

Shares of Blue Apron (NYSE:APRN) opened at $3.72 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.73 and a current ratio of 3.15. Blue Apron has a 1-year low of $2.94 and a 1-year high of $11.00.

In related news, CEO Brad Dickerson purchased 180,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were bought at an average price of $3.93 per share, for a total transaction of $707,400.00. Following the acquisition, the chief executive officer now directly owns 40,000 shares in the company, valued at $157,200. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder First Round Capital Iv Partner sold 189,819 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $3.04, for a total value of $577,049.76. The disclosure for this sale can be found here. In the last quarter, insiders purchased 245,000 shares of company stock worth $959,450 and sold 361,895 shares worth $1,103,691.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. River & Mercantile Asset Management LLP increased its holdings in Blue Apron by 113.9% during the 4th quarter. River & Mercantile Asset Management LLP now owns 2,222,005 shares of the company’s stock worth $8,966,000 after purchasing an additional 1,183,136 shares during the period. SG Americas Securities LLC purchased a new stake in Blue Apron during the 4th quarter worth about $509,000. Westpac Banking Corp increased its holdings in Blue Apron by 170.2% during the 4th quarter. Westpac Banking Corp now owns 576,324 shares of the company’s stock worth $2,323,000 after purchasing an additional 363,044 shares during the period. BBR Partners LLC purchased a new stake in Blue Apron during the 3rd quarter worth about $147,000. Finally, Stifel Financial Corp purchased a new stake in Blue Apron during the 3rd quarter worth about $805,000. Institutional investors own 58.74% of the company’s stock.

Several equities analysts have recently commented on the company. Gabelli assumed coverage on Blue Apron in a research note on Friday, February 2nd. They issued a “buy” rating and a $6.00 price target on the stock. Zacks Investment Research lowered Blue Apron from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. KeyCorp reaffirmed a “hold” rating on shares of Blue Apron in a research note on Friday, December 1st. Barclays raised Blue Apron from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $3.00 to $4.00 in a research note on Monday, December 4th. Finally, Royal Bank of Canada lowered Blue Apron from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $6.00 to $4.00 in a research note on Friday, December 1st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. Blue Apron currently has an average rating of “Hold” and a consensus price target of $6.96.

TRADEMARK VIOLATION WARNING: “Blue Apron (APRN) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.watchlistnews.com/blue-apron-aprn-releases-quarterly-earnings-results-beats-estimates-by-0-07-eps/1863294.html.

Blue Apron 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.

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.