Blue Apron Holdings Inc (NYSE:APRN) – Analysts at SunTrust Banks issued their Q1 2018 earnings per share estimates for shares of Blue Apron in a research note issued to investors on Tuesday. SunTrust Banks analyst Y. Squali anticipates that the company will earn ($0.23) per share for the quarter. SunTrust Banks currently has a “Hold” rating and a $5.50 target price on the stock. SunTrust Banks also issued estimates for Blue Apron’s Q2 2018 earnings at ($0.18) EPS and Q4 2018 earnings at ($0.10) EPS.

Blue Apron (NYSE:APRN) last released its quarterly earnings results on Tuesday, February 13th. The company reported ($0.20) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.07. The company had revenue of $187.70 million during the quarter, compared to analysts’ expectations of $186.13 million. The company’s revenue was down 13.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.39) EPS.

Several other research analysts have also commented on APRN. Morgan Stanley dropped their price target on Blue Apron from $4.70 to $4.50 and set an “equal weight” rating for the company in a research report on Wednesday. Stifel Nicolaus reiterated a “hold” rating and issued a $4.00 price target (down previously from $6.00) on shares of Blue Apron in a research report on Wednesday. Royal Bank of Canada reiterated a “hold” rating and issued a $4.00 price target on shares of Blue Apron in a research report on Wednesday. Canaccord Genuity dropped their price target on Blue Apron from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Finally, Barclays lowered Blue Apron from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $5.00 to $3.00 in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $6.61.

Blue Apron (APRN) opened at $3.47 on Wednesday. Blue Apron has a 12-month low of $2.94 and a 12-month high of $11.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.15 and a quick ratio of 2.73.

Several hedge funds and other institutional investors have recently made changes to their positions in APRN. Bank of New York Mellon Corp purchased a new stake in shares of Blue Apron in the third quarter valued at approximately $120,000. Royal Bank of Canada purchased a new stake in shares of Blue Apron in the second quarter valued at approximately $141,000. BBR Partners LLC purchased a new stake in shares of Blue Apron in the third quarter valued at approximately $147,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Blue Apron in the second quarter valued at approximately $280,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Blue Apron by 3,473.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 76,878 shares of the company’s stock valued at $310,000 after purchasing an additional 79,157 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

In other Blue Apron news, major shareholder First Round Capital Iv Partner sold 65,728 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $3.03, for a total transaction of $199,155.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brad Dickerson bought 180,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were acquired at an average price of $3.93 per share, with a total value of $707,400.00. Following the transaction, the chief executive officer now directly owns 40,000 shares of the company’s stock, valued at $157,200. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 245,000 shares of company stock valued at $959,450 and have sold 257,756 shares valued at $782,943.

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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.

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