|Bid||0.0000 x 4000|
|Ask||0.0000 x 1400|
|Day's Range||0.7400 - 0.7699|
|52 Week Range||0.6500 - 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|
Flowers Foods' (FLO) Q1 results are likely to gain from strong brands and the Project Centennial. However, rising material costs are a worry.
Meal-kit provider HelloFresh unveiled a 42 per cent rise in first-quarter sales yet widened its losses, while the number of active customers jumped 32 per cent to 2.5m. HelloFresh reconfirmed its full-year guidance. The group’s shares rose 7 per cent in early Frankfurt trading.
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 ...
Blue Apron Holdings Inc. reported a first-quarter loss of $5.3 million, or 3 cents per share, after a loss of $31.7 million, or 17 cents per share. Sales was $141.9 million, down from $196.7 million in 2018. The FactSet consensus was for a 7 cents-per-share loss on sales of $150.0 million. The number of orders for the quarter slid to 2.48 million from 3.47 million last year, though average order value was up to $57.15 from $56.58. The number of customers for the quarter was 550,000, down from 786,000. And the average revenue per customer was $258, up from $250. Blue Apron stock is up 2% for the year to date, but has been halved over the past year. The S&P 500 index has gained 17.4% for 2019 so far.
Thirteen days. That's how long Lyft (NASDAQ:LYFT) was able to stave off its first lawsuit as a publicly-traded entity. The 20% tumble LYFT stock has taken since its IPO, of course, arguably accelerated the advent of the litigation.Source: Shutterstock On Wednesday, two separate class-action lawsuits were filed against ride-hailing company Lyft, on behalf of investors who claim the company's pre-IPO disclosures exaggerated its market share. Both suits were filed in San Francisco, claiming the company exaggerated its market share within the nascent industry.Each complaint also suggested the company willfully didn't warn would-be investors that the electric bikes utilized as part of its bike-sharing service were on the verge of being recalled.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's not an auspicious start. It's also anything but surprising. * 10 High-Yielding Dividend Stocks That Won't Wilt Flimsy ArgumentThe 39% market share Lyft said it had earned since starting operations in 2012 may or may not be an entirely accurate figure.Number-crunching outfit Second Measure pegged the figure at 28.4% of the domestic ride-hailing market as of October of last year, when preparations for the public offering began in earnest. The company calculated rival Uber's U.S. market share at 69.2%. The numbers were 30.3% and 67.3% as of February.The overarching flaw in the legal argument: Second Measure's figures may be tough to validate or verify. The company's M.O. is to "ingest and analyze purchases from millions of anonymized U.S. shoppers to provide a clear and accurate view into any consumer company."In other words, Second Measure didn't actually count each and every one of Lyft's and Uber's rides. The figures are estimates based on sampling of what's still a very fuzzy arena.The plaintiff's attorneys may also face a tough time explaining why they ignored Second Measure's comparable data through February, but chose to believe it rather than Lyft's prospectus after the Lyft IPO was completed. In that vein, Lyft's claim "Our U.S. ridesharing market share was 39% in December 2018, up from 22% in December 2016" is based on data from equally-credible data-analysis outfit Rakuten Intelligence.As for the firm's electric bicycles, as of the March 1st filing date for the disclosure document or even the March 28th launch of LYFT stock, the company may not have known. The bikes' braking problems weren't well known until April 14.To that end, litigant investors may also face a challenge in convincing a judge or jury they were legitimately injured, given Lyft's notice in its prospectus: "Revenue from our network of shared bikes and scooters was not material for the year ended December 31, 2018." Lyft Stock and an Investor Reality CheckThe lawsuit isn't really about market share or electric bicycles, of course. It's about investors searching for a way to offset losses on a gamble that didn't go as hoped.It's not the first time we've seen it. Roughly 12% of newly-IPO'd companies face a securities lawsuit within a year of going public, while almost one-fourth of new companies are sued within six years of their public offering.Some familiar names have faced such legal hurdles too. Facebook (NASDAQ:FB), Blue Apron Holdings (NYSE:APRN) and Snap (NYSE:SNAP) are a small sampling of then-fresh IPOs that prompted shareholder lawsuits, spanning the entire spectrum of merit.Facebook has gone on to become an incredibly rewarding investment, while Blue Apron remains a disaster. Snap is somewhere in between, offering some hope for a bright future, but not on solid footing just yet.The disparate mix of outcomes just within that trio of companies verifies not all class action suits levied against new companies are merited.They still materialize in a big way, however, because the world has become wildly litigious, and investors have allowed themselves to be lured into the hype created by the media, and created by the financial industry in general. Young companies actually have little to do with the hype effect. Bottom Line for LYFT StockWhile the legal argument against Lyft is relatively poor and statistically likely to wind up as a settlement that costs the company less than it would to fight the matter in a courtroom.That doesn't inherently mean Lyft will eventually become profitable though, nor does it mean the bad publicity associated with the suit won't weigh on an already struggling LYFT stock. It simply means that a group of investors, organized by some attorneys, are taking a no-cost shot at putting some money back in their accounts after suffering sizable early losses on a soured trade.Whatever the case, no investor can afford forget that at the end of the day, everyone in the capital markets business is selling something.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 * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post Don't Let These Lawsuits Skew Your View of Lyft Stock appeared first on InvestorPlace.
Blue Apron (APRN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SoFi CEO and former Twitter COO Anthony Noto offers several invaluable tips to executives getting ready to take Uber, Slack and Pinterest public.
The stock of meal-kit maker Blue Apron (NYSE:APRN) went public in mid-2017 at an IPO price of $10. Right from the onset, investors sniffed out that this company had competition and profitability problems.Source: Shutterstock The stock consequently never traded above its IPO price. Ever since, disappointing quarter after disappointing quarter has confirmed those early fears, and APRN stock now trades hands just above $1, with the threat of bankruptcy lingering around the corner. * 7 AI Stocks to Watch with Strong Long-Term Narratives A number of events in early 2019 gave investors hope that APRN stock was in the beginning stages of a massive turnaround. Specifically, Blue Apron announced a big meal-kit partnership with Weight Watchers (NYSE:WTW), gave a positive update on its fourth-quarter trends, and reaffirmed its guidance for positive EBITDA in fiscal 2019. APRN stock consequently tripled over the course of a month.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat turnaround rally was ultimately stymied by bigger picture and longer-term concerns related to revenue stability and profitability.The "false turnaround" of APRN stock in early 2019 shows that Blue Apron stock won't meaningfully rebound until APRN's fundamentals start to materially improve. That means investors should not buy APRN stock until they see customer stabilization, alongside revenue stabilization. They will also need to see APRN's gross margins expand to and hold the 40% level, and the company's operating losses must narrow significantly.If all of those conditions are met, APRN stock could rally towards $1.50 or higher in 2019. What Blue Apron Needs for a TurnaroundOver the past several quarters and years, as the meal-kit space has become more crowded than ever before, APRN has lost customers, its revenues have dropped, its margins have been adversely impacted, and its narrow losses have turned into wide losses.There's reason to believe these trends will continue. Its competition is only ramping. Plus, the meal-kit space is turning out to be a lot smaller than most had anticipated, so Blue Apron is presumably losing share in a market that may already be tapped out.APRN can't really afford to cut its operating spending by very much, since doing so in the past has caused its customer base to decline by large amounts. Consequently, the reality is that Blue Apron is stuck between a rock and a hard place, so Blue Apron stock probably won't stage a big turnaround anytime soon.But there's a chance that APRN will pull a rabbit out of its hat.For starters, APRN has a new CEO, Linda Findley Kozlowski, who knows a thing or two about turnarounds. Before coming to APRN, she was the COO of Etsy (NASDAQ:ETSY). When she became COO in May 2016, ETSY stock was in the midst of a downward spiral from $30 to $8. By the time she left in late 2018, ETSY stock had skyrocketed to $50. The combination of Kozlowski's arrival and the big deal with WTW could be exactly what the company needs to stabilize its customer base without increasing its marketing spending.Furthermore, the company has a new fulfillment center that is fully operational and has significantly higher margins than the company's older fulfillment center. Thus,in 2019, its gross margins could rise towards 40% and could potentially exceed 40%. Along with that margin improvement, revenue stabilization, stable marketing spending and lower general and administrative expenses would lead to healthy operating-spending leverage.All in all, there is an opportunity for APRN to stabilize its customer and revenue base in 2019, while concurrently improving its gross margins and driving down its operating-spending rate. If the company does check off all those boxes, APRN stock will rally tremendously. APRN Stock Has Room to RunAPRN stock is so beaten up today that if the company meets the criteria I set above, Blue Apron stock can jump 50% this year.The math is pretty easy to understand. Blue Apron's customer base has been consistently dropping for several quarters. But, given the WTW deal and its new CEO, it's reasonable to assume that its customer base will not drop much below 500,000 Those customers will develop some sense of loyalty to Blue Apron, so it will be able to continue to spend less on marketing. Meanwhile, its gross margins should continue to improve, thanks to its new fulfillment center.If all that happens over the next several years, I think APRN could squeeze out a narrow profit by fiscal 2023, and will generate earnings per share of about 15 cents by fiscal 2025. Based on a forward price-earnings multiple of 16, which is average for the market, that implies a fiscal 2024 price target for APRN stock of $2.40. Discounted back by 10% per year, that equates to a fiscal 2019 price target of $1.50 for Blue Apron stock.Thus, in the event that Blue Apron does turn itself around, APRN stock can jump 50% in 2019. The Bottom Line on APRN StockThe chances of Blue Apron carrying out a big turnaround in 2019 are low. But APRN could rise tremendously if APRN does turn itself around.So the only way to look at APRN today is as a high-risk, high-reward trade. Only investors with a big appetite for risk should be dabbling in those waters.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * FAANNG Stocks, Ranked From Cheapest to Most Expensive * 7 Stocks With a Lot on the Line This Earnings Season * 7 Marijuana Companies: Which Pot Stocks Should You Buy? Compare Brokers The post Can Blue Apron Stock Rally in 2019? appeared first on InvestorPlace.
As co-founder of Blue Apron Holdings Inc., Matthew Wadiak helped launch one of the most well-known, do-it-yourself meal-kit companies. "And I don’t want to involve investors who could eventually liquidate the company." Wadiak left his previous gig, Blue Apron (NYSE: APRN), at an awkward time. Just as the New York-based company proved to be a sweet exit for its venture capital investors, Blue Apron's shares would languish in the public market.
CNBC's "Power Lunch" team is joined by Michael Phelps, the most decorated Olympic athlete in history with 23 gold medals, to discuss his newest initiatives, mental health and Tiger Woods' Masters win.