|Bid||0.7106 x 800|
|Ask||0.7109 x 3000|
|Day's Range||0.7091 - 0.7600|
|52 Week Range||0.6400 - 4.1500|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.45|
Yahoo Finance's Andy Serwer breaks down how building startups could be the new version of the "American Dream." He discusses with Julie Hyman, Adam Shapiro, and Brian Sozzi.
Tesla is under pressure after a bearish note from Wedbush, voicing concerns over Tesla's vehicle delivery and demand. Yahoo Finance's Ines Ferre takes a dive into Sprint, T-Mobile, Blue Apron, and Tesla stock.
is planning to undertake a reverse stock split is just the latest indicator of trouble for the stock. Of course, such a move also reduces shares outstanding, so shareholders would theoretically end up with the same economic value of shares held previously. Blue Apron went public less than two years ago at $10 a share, hit $11 briefly, but it's been downhill ever since.
Purple Carrot, a U.S. plant-based meal kit company, said it will be acquired by Tokyo-based Oisix ra daichi Inc. in a deal valued at $30 million. Deal terms include an upfront payment of $12.8 million and an earn-out potential for $17.2 million through 2021. Purple Carrot is among the slew of meal-kit companies that have launched in recent years including Blue Apron Inc. and HelloFresh SE . Osisix was founded in June 2000 and generated about $580 million in revenue for the year ending March 2019, up 160% from the previous year. Purple Carrot launched in October 2014. The Invesco Dynamic Food & Beverage ETF has gained nearly 13% for the year to date, while the S&P 500 index is up 14% for the period.
Meal kit spending among consumers was growing three times as fast as that in restaurants and grocery stores back in 2015. Now, however, there are just a few meal kit companies left standing.
Blue Apron said on Monday it is pursuing plans for a reverse stock split. So what is a reverse stock split and why did its shares fall?
The company's board of directors unanimously recommended that stockholders vote to implement a reverse stock split of the company's Class A and Class B common stock based on a split ratio between 1-for-5 and 1-for-15. The company is in danger of being delisted by the New York Stock Exchange as it trades below $1 per share. NYSE securities cannot stay listed if they trade below $1 a share for 30 consecutive days.
Meal-kit provider Blue Apron Holdings Inc. said Monday it is pursing plans for a reverse stock split. The company's board unanimously approved the move in an April meeting, and recommended for shareholder approval a proposal for a 1-for-5 to 1-for-15 split with the ratio and timing to be determined by the board. The proposal will be voted on at the company's annual shareholder meeting on June 13. The main goal of the split is to increase the price of the company's common stock and to improve liquidity. It will also allow the company regain compliance with NYSE listing rules, which it has breached after falling below $1 for a period of 30 consecutive trading days. The stock closed Friday at 75 cents. It was not yet active premarket, but has fallen 73% in the last 12 months, while the S&P 500 has gained 5.4%.
Blue Apron Holdings, Inc. (APRN) today announced that the Company is actively pursuing plans to effect a reverse stock split. On April 17, 2019, the Company’s Board of Directors unanimously approved and recommended for stockholder approval a proposal to authorize the Company to implement a reverse stock split of the Company’s Class A common stock and Class B common stock based on a split ratio between 1-for-5 to 1-for-15, with the implementation and exact split ratio to be determined by its Board of Directors. This proposal, which is further described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission (SEC) on April 29, 2019, is subject to stockholder approval at the Company’s upcoming Annual Meeting of Stockholders on June 13, 2019.
Flowers Foods' (FLO) Q1 results are likely to gain from strong brands and the Project Centennial. However, rising material costs are a worry.
Mosaic, founded by Blue Apron's former senior director of operations MattDavis and Sam McIntire, is entering the next phase of direct-to-consumer mealservices, with frozen foods
Shares of Blue Apron are nearing $1, close to levels that could eventually lead to its delisting from the New York Stock Exchange. The cook-your-own meal kit company said this week that its customer count dropped 30% from this time last year, to 550,000. If the stock slips below $1 and stays there for 30 consecutive days, it will be threatened with a delisting under NYSE rules.
In a market environment that's outright crushed early investors of newcomers Lyft (NASDAQ:LYFT) and Eventbrite (NYSE:EB), it would be easy to look past Yeti Holdings (NYSE:YETI), and steer clear of YETI stock. IPOs just aren't rewarding right now.Source: Yeti Those names aren't necessarily a barometer of how all recent public offerings are going to unfurl, however. A closer, honest look at Yeti makes clear this new name isn't caught in the same trappings the likes of Eventbrite, Lyft and even Snap (NYSE:SNAP) were.Yeti is selling more than an idea that's either late to the party or enjoys no barrier to entry. Yeti sells premium coolers and cups, and is turning a profit by doing so. Just don't plan on getting married to Yeti stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 A-Rated Stocks That Are Under $10 Yeti Is DifferentYou may know the company better than you think you know it. Yeti is the brand name behind insulated cups that can keep drinks hot or cold for a stunningly long period of time. The company aired television commercials several years ago, and reaped the benefit of being the first major high-end cooler and cup name to strike a chord with consumers.The initial advertising and sales surge has since cooled, but not before making Yeti the most recognizable brand name in the camping and travel market.Ready for a fresh round of funding to fuel its next wave of growth, the company went public with little fanfare in October of last year.Given the spate of disappointing initial public offerings we've seen of late, it would be an easy name to ignore. Bolstering the case to skip a trade in YETI is the fact that it's now doubled its October IPO price of $18, and could be setting up the typical post-IPO wave of selling.We may not see that selloff take shape with this particular new issue though, for a couple of simple reasons. Yeti Is ProfitableChief among them is the fact that Yeti is profitable. Not wildly so, but profitable all the same, and expected to become more profitable in the foreseeable future. Last year's bottom line of 91 cents per share is expected to improve to $1.02 this year and swell to $1.24 per share of YETI stock next year, driven by sales growth forecasted to roll in just above 12% both of those years.While few care to acknowledge it, the aforementioned Lyft, Eventbrite and Snap along with other ballyhooed-but-poorly-performing new public offerings like Blue Apron Holdings (NYSE:APRN) and Spotify Technology (NYSE:SPOT) are all struggling most likely because all those outfits are still booking losses.Profitability too often is overlooked in writing about stocks, but many investors still ultimately care about the plausible promise of profits, looking past the story stock rhetoric.The other reason Yeti has done what many other IPO'd stocks haven't been able to accomplish of late is simpler. Though Yeti faces competition, little of that competition is in a position to enter the market and then dethrone the category leader. Yeti is estimated to control 90% of its market.That's in contrast with other newly-minted outfits. There's little to no barrier to entry for Blue Apron's meal kit arena. Facebook (NASDAQ:FB) was already synonymous with social networking before Snap's Snapchat came to fruition. Uber is already the ride-sharing market leader.Yeti didn't have to rely on selling a dream to raise funds. Yeti Stock Isn't a Forever HoldingWhile as real as any company can be, Yeti Holdings isn't exactly a buy-and-forget it kind of name. Though it can sidestep its usual post-IPO drubbing, its party won't last forever.Working against the company's dominance is time, and enterprising players that have yet to mirror Yeti's product lineup with similar products that are just as effectively marketed.They'll take shape though, sooner or later, cooling off Yeti's growth soon enough.GoPro (NASDAQ:GPRO) is a prime example of what's realistically in store for Yeti. It's still the premier name in the action camera business since the company's wares debuted in 2004, and few would-be rivals took notice of the budding sliver of the camera market until 2014, shortly after the company went public.Once they did take notice though, they responded predictably. By 2015, there were more than enough good enough alternatives available to make life miserable for GoPro and its shareholders.GoPro remains the category leader, but it's ugly leadership. There was no real barrier to entry, but there was plenty of inspiration to enter the market once GoPro proved there was a viable market for action cameras.Like action cameras, eventually, premium coolers and super-cups will become a commodity with a tenuous leader. The Bottom Line on Yeti StockNone of this should suggest YETI stock is immune to any sort of tumble either. Merited or not, any stock that's doubled in value in six months is vulnerable to at least some level of profit-taking.Be careful of treating Yeti like another Lyft or Blue Apron though. This isn't a story stock that relies entirely on maintaining euphoric optimism among investors. This is a company that can stand on its results. Even if nobody's saying it, they're pricing in that reality. They'll price in the inevitable slowdown when that time comes too. But, the time in between could be solidly rewarding.Its May 2 earnings report should help round out the story to-date.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 7 A-Rated Stocks That Are Under $10 * 7 U.S. Shale Oil Stocks to Buy as Prices Rise * 10 Stocks to Sell Before They Give Back 2019 Gains * 10 Oversold Stocks to Run From Compare Brokers The post Yeti Stock Is a Great Trade, but Not a Fantastic Investment appeared first on InvestorPlace.
On a per-share basis, the New York-based company said it had a loss of 3 cents. The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was ...