SunTrust Banks Weighs in on Blue Apron Holdings Inc’s Q1 2018 Earnings (APRN)

Blue Apron Holdings Inc (NYSE:APRN) – Investment analysts at SunTrust Banks issued their Q1 2018 earnings estimates for shares of Blue Apron in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst Y. Squali expects that the company will post earnings of ($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 posted its quarterly earnings results on Tuesday, February 13th. The company reported ($0.20) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.07. The business had revenue of $187.70 million during the quarter, compared to analysts’ expectations of $186.13 million. During the same quarter in the previous year, the business posted ($0.39) EPS. The company’s quarterly revenue was down 13.1% on a year-over-year basis.

Several other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Blue Apron from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Gabelli initiated coverage on shares of Blue Apron in a research note on Friday, February 2nd. They set a “buy” rating and a $6.00 price objective on the stock. KeyCorp reiterated a “hold” rating on shares of Blue Apron in a research note on Friday, December 1st. Royal Bank of Canada lowered shares of Blue Apron from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $6.00 to $4.00 in a research note on Friday, December 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $6.00 price objective on shares of Blue Apron in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $6.96.

Blue Apron (NYSE APRN) opened at $3.35 on Wednesday. Blue Apron has a 1-year low of $2.94 and a 1-year high of $11.00. The company has a quick ratio of 2.73, a current ratio of 3.15 and a debt-to-equity ratio of 0.48.

In related news, major shareholder First Round Capital Iv Partner sold 189,819 shares of Blue Apron stock in a transaction on Monday, November 20th. The shares were sold at an average price of $3.04, for a total value of $577,049.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Timothy J. Smith purchased 25,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was bought at an average price of $3.89 per share, with a total value of $97,250.00. Following the purchase, the senior vice president now owns 28,386 shares of the company’s stock, valued at approximately $110,421.54. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 245,000 shares of company stock worth $959,450 and have sold 361,895 shares worth $1,103,691.

A number of institutional investors have recently added to or reduced their stakes in APRN. Wells Fargo & Company MN acquired a new position in Blue Apron in the second quarter worth $627,000. Vanguard Group Inc. acquired a new position in Blue Apron in the second quarter worth $4,892,000. FMR LLC acquired a new position in Blue Apron in the second quarter worth $42,090,000. Balyasny Asset Management LLC acquired a new position in Blue Apron in the second quarter worth $584,000. Finally, Goldman Sachs Group Inc. acquired a new position in Blue Apron in the second quarter worth $6,239,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

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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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