3.67 +0.09 (2.51%)
After hours: 7:29PM EDT
|Bid||0.00 x 1000|
|Ask||0.00 x 4000|
|Day's Range||3.52 - 3.73|
|52 Week Range||1.72 - 7.86|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 2, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.90|
Meal kit maker Blue Apron is facing new competition as it plots a big turnaround. Yahoo Finance’s Alexis Christoforous sat down with Blue Apron’s CEO, Brad Dickerson, at the company’s NYC pop-up store.
Blue Apron may have found the right ingredients, but analysts are hesitant to take a bite. Shares of the subscription meal kit company have more than doubled since hitting a record low in April, and reached a five-month intraday high on Friday. Sentiment on the company has improved as it cleared up a distribution overhang and announced partnerships to attract consumers, such as a tie-in with social media influencer Chrissy Teigen.
The IPO market has definitely gotten back into gear. This is especially the case for tech deals. Just look at the recent offerings from companies like Docusign Inc (NASDAQ:DOCU), Zscaler Inc (NASDAQ:ZS) and Avalara Inc (NYSE:AVLR). Although, lately, there have been some signs of strength. Note that APRN stock has gone from an all-time low of $1.72 to $3.65. Part of this has been a relief rally. But APRN stock has also seen some good news. Back in May, the company hired Tim Bensley as the new CFO.
Medifast (NYSE:MED) is one of the leading players in one of the hottest industries in the U.S. today — weight management products. Specifically, MED delivers meal plans to customers that either have a medical condition where dietary restrictions are necessary (heart disease, diabetes, etc) or simply to people who want to eat healthier but don’t have the time or the knowledge to do that on their own. Of course, there are plenty of heavy hitters (pardon the pun) in this space — Nutrisystem (NASDAQ:NTRI), Weight Watchers (NYSE:WTW) and Jenny Craig, to name a few. The stocks of these companies are hitting triple-digit returns year to date.
To be sure, carpet bombing works well at certain stages of the stock market’s cycle, particularly when prices are rising strongly and individual stocks’ correlations with the overall market are high. The newsletter at the top of my performance scoreboard for year-to-date performance — The Turnaround Letter, edited by George Putnam — expects the second half of this year to be more of the same. In the latest issue of his newsletter, Putnam forecasted that “2018 will produce about a 6% full-year return while exhibiting higher volatility than in recent years.” That translates into a 1.9% increase in the S&P 500 from current levels.
Blue Apron Holdings, Inc. (APRN) announced today that it will release its second quarter 2018 financial results prior to the opening of the U.S. financial markets on Thursday, August 2, 2018. The release will be followed by a conference call and live webcast at 8:30 a.m., Eastern Time, hosted by Blue Apron Chief Executive Officer Brad Dickerson and Chief Financial Officer Tim Bensley, to discuss the company’s second quarter 2018 results and business outlook. The conference call can be accessed by dialing (877) 883-0383 or (412) 902-6506, utilizing the conference ID 7940466.
In this morning's lineup are these four stocks: Alibaba Group Holding Ltd (NYSE: BABA), Blue Apron Holdings Inc. (NYSE: APRN), Five Below Inc. (NASDAQ: FIVE), and Hudson Ltd (NYSE: HUD). Hangzhou, China-based Alibaba Group Holding Ltd's shares declined slightly by 0.86%, closing Tuesday's trading session at $184.75.
German meal-kit delivery firm HelloFresh may start selling ready-made meals to tap into demand from consumers who prefer not to cook, co-founder Thomas Griesel told a German newspaper. HelloFresh, which competes with U.S. rival Blue Apron , delivers pre-packaged meal ingredients aimed at making home cooking more accessible. "We see a very big market niche for ready-made meals.
The online grocer is kicking off a major hiring drive as it prepares to open a new East Bay warehouse and relaunch operations in Southern California.
Blue Apron (APRN), known for delivering incredible cooking experiences, today announced a partnership with 20th Century Fox Consumer Products to bring three burger recipes from Bob’s Burgers, the Emmy Award®-winning animated series on FOX, uniquely designed by Chef Alvin Cailan of famed Los Angeles restaurant Eggslut, to its menus beginning this summer. Two of the recipes––the “Quantum of Salsa Burger” and the “Gouda Wife Burger”––were featured on episodes of Bob’s Burgers during this past season.
Shopify Inc. ( SHOP) shares fell nearly 6% in early trading on Wednesday. Since reaching an all-time high on June 20, the stock has fallen more than 16% to key support levels near the 50-day moving average. The popular momentum stock could be at risk of reversing its long-term uptrend following a Supreme Court ruling earlier this month, and the bearish put-call ratio doesn't show any signs of reprieve.
NEW YORK, June 27, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of USA ...
Blue Apron (APRN) today publicly shared the results of its efforts to date to improve the welfare of animals raised throughout its supply chain and announced a set of additional goals to drive further progress in its animal welfare work. Blue Apron’s animal welfare standards were recognized yesterday at the 2018 Good Farm Animal Welfare Awards hosted by Compassion in World Farming, an international farm animal welfare organization and leading expert in farm animal welfare.
It has been barely over a month since its initial public offering, and already, HUYA (NYSE:HUYA) is making a huge impact. Can upstart HUYA stock break this trend? To those who are new to the concept, this sounds like people watching other people play video games.
Blue Apron Holdings Inc. said Tuesday that it has named Alan Blake chief supply chain officer, starting June 25. Blake will handle sourcing, procurement, manufacturing and other duties across the company's supply chain operation. Blue Apron shares are down 2.5% in Tuesday premarket trading, but up 48% for the last three months.
Blue Apron Holdings Inc. (APRN) today announced the appointment of Alan Blake as Chief Supply Chain Officer, with an expected started date of June 25. An accomplished supply chain leader with extensive expertise in operations, Blake joins Blue Apron with more than 30 years of experience at leading consumer packaged goods, beverage and food companies. At Blue Apron, he will oversee end-to-end processes across the company’s supply chain, including sourcing, procurement, planning, manufacturing, logistics and distribution, as the company continues its multi-product, multi-channel expansion.
Consumers are staying home more than ever before and, increasingly, even when they're eating out, they're eating in. How can you invest in America's growing appetite for delivery?
Stitch Fix Inc (NASDAQ:SFIX) finds itself in a dubiously distinct situation. Despite SFIX stock being one of the best-performing investments last week when it jumped 26.5% on Friday, shares are still down almost 4% year-to-date. Obviously, you can get a sense of just how frustrating being a Stitch Fix speculator has been.