Blue Apron Holdings Inc (NASDAQ:APRN)‘s stock had its “outperform” rating restated by equities researchers at Royal Bank Of Canada in a research report issued to clients and investors on Friday. They currently have a $6.00 target price on the stock, down from their prior target price of $8.00.

Several other brokerages have also recently commented on APRN. CIBC assumed coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They issued an “outperform” rating and a $11.00 target price for the company. Citigroup Inc. assumed coverage on shares of Blue Apron Holdings in a research report on Tuesday, July 25th. They issued a “buy” rating and a $10.00 target price for the company. Needham & Company LLC assumed coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They issued a “buy” rating and a $10.00 target price for the company. SunTrust Banks, Inc. assumed coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They issued a “buy” rating and a $12.00 target price for the company. Finally, William Blair assumed coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They issued a “market perform” rating for the company. Three analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $7.46.

Blue Apron Holdings (NASDAQ:APRN) last issued its earnings results on Thursday, August 10th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.21). The firm had revenue of $238.10 million for the quarter, compared to the consensus estimate of $235.78 million. The firm’s revenue was up 17.9% compared to the same quarter last year.

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Several institutional investors have recently made changes to their positions in APRN. Obermeyer Wood Investment Counsel Lllp bought a new stake in shares of Blue Apron Holdings during the 2nd quarter valued at approximately $110,000. Royal Bank of Canada bought a new stake in shares of Blue Apron Holdings during the 2nd quarter valued at approximately $141,000. Legal & General Group Plc bought a new stake in shares of Blue Apron Holdings during the 2nd quarter valued at approximately $187,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Blue Apron Holdings during the 2nd quarter valued at approximately $220,000. Finally, SG Americas Securities LLC bought a new stake in Blue Apron Holdings during the 2nd quarter worth approximately $264,000.

About Blue Apron Holdings

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.

Analyst Recommendations for Blue Apron Holdings (NASDAQ:APRN)

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