Posted by admin on Aug 6th, 2022

Blue Apron (NYSE:APRN – Get Rating) will be announcing its earnings results before the market opens on Monday, August 8th. Analysts expect the company to announce earnings of ($0.76) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Blue Apron (NYSE:APRN – Get Rating) last issued its quarterly earnings data on Monday, May 9th. The company reported ($1.19) earnings per share (EPS) for the quarter. Blue Apron had a negative net margin of 24.24% and a negative return on equity of 191.76%. The company had revenue of $117.75 million for the quarter. On average, analysts expect Blue Apron to post $-3 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of APRN stock opened at $2.98 on Friday. Blue Apron has a 1 year low of $2.27 and a 1 year high of $12.76. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.20 and a quick ratio of 0.91. The stock’s 50 day simple moving average is $3.29 and its two-hundred day simple moving average is $4.34. The company has a market cap of $102.42 million, a PE ratio of -0.70 and a beta of -2.80.

In other news, CEO Linda Findley sold 9,684 shares of the company’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $3.08, for a total transaction of $29,826.72. Following the transaction, the chief executive officer now owns 194,620 shares of the company’s stock, valued at $599,429.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders have sold 18,803 shares of company stock valued at $57,913. 19.16% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Blue Apron by 34.4% in the first quarter. Vanguard Group Inc. now owns 868,606 shares of the company’s stock worth $3,518,000 after purchasing an additional 222,114 shares in the last quarter. Wexford Capital LP grew its stake in Blue Apron by 21.3% in the first quarter. Wexford Capital LP now owns 536,207 shares of the company’s stock worth $2,172,000 after purchasing an additional 94,056 shares in the last quarter. Northern Trust Corp grew its stake in Blue Apron by 158.1% in the first quarter. Northern Trust Corp now owns 96,028 shares of the company’s stock worth $389,000 after purchasing an additional 58,822 shares in the last quarter. State Street Corp grew its stake in Blue Apron by 33.5% in the first quarter. State Street Corp now owns 83,569 shares of the company’s stock worth $338,000 after purchasing an additional 20,954 shares in the last quarter. Finally, HAP Trading LLC grew its stake in Blue Apron by 176.4% in the first quarter. HAP Trading LLC now owns 83,229 shares of the company’s stock worth $337,000 after purchasing an additional 53,114 shares in the last quarter.

A number of equities research analysts have issued reports on the company. Canaccord Genuity Group decreased their price objective on Blue Apron from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, May 10th. Benchmark assumed coverage on Blue Apron in a research report on Wednesday, July 20th. They set a “buy” rating and a $10.00 price objective on the stock.

Blue Apron Holdings, Inc operates a direct-to-consumer platform that delivers original recipes with fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce market that provides cooking tools, utensils, pantry items, and other products. 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.

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