Blue Apron (NYSE:APRN) Issues Earnings Results

Blue Apron (NYSE:APRN) posted its quarterly earnings data on Tuesday. The company reported ($0.59) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.08) by $0.49, Briefing.com reports. The company had revenue of $119.20 million during the quarter, compared to analysts’ expectations of $138.13 million. Blue Apron had a negative net margin of 15.63% and a negative return on equity of 70.16%. The firm’s revenue for the quarter was down 33.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.17) EPS.

Shares of Blue Apron stock traded up $0.65 during trading on Tuesday, reaching $8.48. The company had a trading volume of 1,209,970 shares, compared to its average volume of 587,014. The firm has a market capitalization of $108.80 million, a P/E ratio of -0.90 and a beta of 0.95. The firm’s fifty day simple moving average is $7.94. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.21. Blue Apron has a fifty-two week low of $6.10 and a fifty-two week high of $35.40.

In other news, CFO Timothy Bensley sold 44,055 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $0.69, for a total value of $30,397.95. Following the sale, the chief financial officer now owns 82,226 shares in the company, valued at approximately $56,735.94. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Linda F. Kozlowski sold 45,689 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $0.69, for a total transaction of $31,525.41. Following the completion of the sale, the chief executive officer now owns 98,143 shares in the company, valued at approximately $67,718.67. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,928 shares of company stock worth $71,710. Company insiders own 40.83% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Aries Wealth Management raised its stake in shares of Blue Apron by 50.0% in the 1st quarter. Aries Wealth Management now owns 30,000 shares of the company’s stock valued at $29,000 after purchasing an additional 10,000 shares in the last quarter. Regal Investment Advisors LLC acquired a new stake in shares of Blue Apron in the 1st quarter valued at about $36,000. TAP Consulting LLC acquired a new stake in shares of Blue Apron in the 1st quarter valued at about $77,000. Deutsche Bank AG raised its stake in shares of Blue Apron by 126.3% in the 4th quarter. Deutsche Bank AG now owns 99,644 shares of the company’s stock valued at $101,000 after purchasing an additional 55,617 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Blue Apron by 373.6% in the 4th quarter. Bank of New York Mellon Corp now owns 100,904 shares of the company’s stock valued at $103,000 after purchasing an additional 79,600 shares in the last quarter.

APRN has been the subject of a number of analyst reports. Citigroup decreased their price objective on shares of Blue Apron from $18.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. ValuEngine raised shares of Blue Apron from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Blue Apron has a consensus rating of “Hold” and an average target price of $22.51.

About Blue Apron

Blue Apron Holdings, Inc operates direct-to-consumer platform that delivers original recipes, and fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce marketplace that provides cooking tools, utensils, and pantry items. In addition, the company offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals; and supplies poultry, beef, and lamb.

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Earnings History for Blue Apron (NYSE:APRN)

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