|Bid||6.80 x 800|
|Ask||9.99 x 800|
|Day's Range||6.99 - 7.20|
|52 Week Range||6.10 - 34.35|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 2, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.40|
Blue Apron, Take-Two Interactive, Shake Shack, Grubhub, L Brands and Barneys are the companies to watch.
Meal subscription services can be a hit or miss. Read on to learn more about Freshly's approach to the meal-kit space, what its most popular dishes are, which ingredients are banned and how it evolved from just one kitchen in Arizona into a household name. What inspired you to work in the food industry?
Despite its occasional short-term spikes, Blue Apron (NYSE:APRN) stock continues its trend downward. So far, new food offerings, changes in management, and a reverse stock split have failed to rescue Blue Apron stock.Demographic, lifestyle, and technology trends have helped drive demand for meal kits. As a result, one can understand the emergence of Blue Apron. However, unless APRN can find a way to stand out from its peers, any move higher by Blue Apron stock will amount to little more than selling opportunities.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Blue Apron Stock Continues to DeclineNothing seems to change for Blue Apron stock. The shares' continuous overall declines have sometimes been interrupted by temporary rebounds. Thus far, APRN has suffered a 1-15 reverse stock split in June, as well as a decline of nearly 96% from its split-adjusted IPO price of $150 per share.APRN's decision to bring in a new CEO made investors optimistic about Blue Apron stock for a short time. However, that rally quickly faded. By the way, Blue Apron also hired a new CEO in 2017. * 10 Marijuana Stocks to Ride High on the Farm Bill APRN stock also gained temporary traction when the company added products from Beyond Meat (NASDAQ:BYND) to its menu. Again, that gain quickly faded. Such behavior appears to show that every move higher by APRN stock seems to be a great time to sell the shares. Blue Apron Does Not Stand Out in the Meal-Kit BusinessThat said, investors should not confuse my criticism of APRN stock with pessimism about meal kits in general. The meal-kit market grew by 36% in under a year. InvestorPlace columnist Josh Enomoto mentioned that millennials love eating out but hate driving. As a result, by enabling consumers to order meal kits through an app, APRN has supposedly created a powerful, positive catalyst for APRN stock.However, there is a great deal of competition within the meal-kit sector, and this goes far beyond the emergence of HelloFresh, which incidentally has partnered with Walgreens Boots Alliance (NASDAQ:WBA). Larger, deep-pocketed grocers such as Walmart (NYSE:WMT), Amazon (NASDAQ:AMZN), and Kroger (NYSE:KR), have also entered the meal-kit business. Also, as InvestorPlace contributor Luke Lango points out, meal kits' growth could slow to the single-digit-percentage range by 2023 if estimates by Packaged Facts prove correct.Unfortunately for APRN stock bulls, nothing about Blue Apron differentiates it from any other meal-kit provider out there. And let's be honest, any halfway-motivated culinary school graduate (and some non-graduates) could develop such kits and package them. The only thing narrower than the moat for Blue Apron stock is the company's opportunity for a recovery. APRN's Financials Paint a Bleak PictureAny serious look at the company's financials confirms its challenges. Bulls may point to the 54.3% reduction in the company's per-share losses that analysts, on average, forecast for this year. However, if APRN does meet that estimate, Blue Apron will lose $4.32 per share this year instead of the $9.45 per share of losses it sustained last year.Moreover, its losses only shrunk this year because it cut its spending on marketing. These spending cuts will probably help lower its 2019 revenue to analysts' average estimate of $473.31 million. Blue Apron's top line cam in at $667.6 million in 2018.As things stand now, Wall Street analysts expect the company to continue to lose money through at least 2023. However, Blue Apron stock will fall to $0 long before that time unless Blue Apron changes its course quickly. Perhaps the company can find a way to increase revenues despite its lower marketing spending. Also, Blue Apron could attract more business by finding a large partner like Walgreens. Still, unless something changes, APRNs results will likely continue to worsen. The Bottom Line on Blue Apron StockSo far, every short-lived rally by APRN stock has proven to have been a great time to sell the shares. Blue Apron stock's lack of traction may appear strange, as it remains a well-known name in a growing industry. Meal kits should continue to grow in popularity for the foreseeable future. However, nothing is proprietary about Blue Apron's approach. Consequently, players large and small have entered this business, leaving APRN without any apparent competitive advantage.Thus far, cutting marketing spending to save money has only led to lower revenues for APRN. It is not too late for a new, unique offering or a key alliance with a larger player to rescue APRN stock. Still, as things stand now, APRN stock has produced feasting for shorts and famine for longs.Unless the company makes significant changes soon, investors with bullish positions in Blue Apron stock could be forced to get their meal kits from a soup kitchen instead of from APRN.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post Blue Apron Stock Continues to Leave Investors Famished appeared first on InvestorPlace.
Beyond Meat news for Tuesday about an upgrade for BYND stock has it on the rise today.Source: Sundry Photography / Shutterstock.com The upgrade for Beyond Meat (NASDAQ:BYND) comes from JPMorgan analyst Ken Goldman. A recent note from Goldman has him upgrading BYND stock from its previous rating of "Neutral" to a new rating of "Overweight."So what exactly is behind this change of tune from JPMorgan when it comes to BYND stock? There's actually a few reasons that Goldman believes make Beyond Meat worth its new "Neutral" rating.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFirst off, he notes that the company has seen its valuation improve as it gains new deals and sees earnings increase. He also says that data about the company suggest that it is performing well with customers. The analyst finally points out that there is still plenty of potential for it to strike deals with food companies, reports MarketsInsider.That last point is one that appears to be easy to see for just about anyone follow Beyond Meat news. The company's recent deals include its Beyond Burgers showing up in both Hello Fresh and Blue Apron (NYSE:APRN) meal kits. * 10 Undervalued Stocks With Breakout Potential There are also other partnerships with fast food chain's as well. Among these is one with Subway for a Meatless Meatball Marinara sub. It also has a deal with Restaurant Brands International's (NYSE:QSR) Tim Hortons for its Beyond Breakfast Sausage.BYND stock was up 5% as of noon Tuesday and is up 119% since its IPO back in May. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy As of this writing, William White did not hold a position in any of the aforementioned securities.The post Beyond Meat News: Why BYND Stock Is Surging Today appeared first on InvestorPlace.
Beyond Meat burgers are going to start showing up in Hello Fresh meal kits next month.Source: Sundry Photography / Shutterstock.com Customers at Hello Fresh can begin adding Beyond Meat's (NASDAQ:BYND) Beyond Burger to their orders and they will show up starting on Sept. 14. This means that customers that have an issue with eating real meat can substitute is for this plant-based protein.The first of the Beyond Meat burgers being added to the menu is the "Goudalicious Beyond Burger". This is a burger that comes with caramelized onion jam, mustard aioli and gouda cheese. It also comes with a side of potato wedges, reports Food Business News.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis change is specifically for U.S. customers of Hello Fresh. It comes after the meal-kit company has already been sending Beyond Meat products out to its Canadian customers for a few weeks now.Interestingly enough, Hello Fresh isn't the only meal-kit company that has a deal to offer Beyond Meat burgers on its menu. Another deal was announced last month that has Blue Apron (NYSE:APRN) adding the burgers to its meal kits. Those customers should start seeing their first meal kits with Beyond Meat burgers show up this week. * 10 Cheap Dividend Stocks to Load Up On It isn't just meal kits that are looking to add more Beyond Meat options to their menu. Another recent bit of news includes a deal with Subway. Earlier this month the company announced its new Beyond Meatball Marinara sub. This is a sub that is basically the same as the normal Meatball Marinara one, but uses Beyond Meat Meatballs instead of real ones. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy As of this writing, William White did not hold a position in any of the aforementioned securities.The post Beyond Meat Burgers Coming to Hello Fresh Meal Kits appeared first on InvestorPlace.
For meal-delivery service Blue Apron (NYSE:APRN), I'm going to loosen my usual uptight writing style and address this matter frankly: I have a love-hate relationship with APRN stock.For starters, you'd expect the underlying company to do well in this environment. Indeed, I'd argue that in this app-crazy world we're living in, you'd expect Blue Apron stock to skyrocket. In my opinion, the company combines the best of technology and tradition. It gives you the convenience of meal deliveries, while encouraging the family dinner custom.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFurthermore, millennials love eating out. In my last write-up about Blue Apron stock, I questioned management's previous focus on targeting retirees. And it's not just an age thing. As I pointed out, millennials "have different expectations and desires."A prime example is the car culture. In every other generation, getting a car was a rite of passage. With millennials and the younger Generation Z, it's just not as important. Moreover, there's a reason for this trend. Companies like Uber Technologies (NYSE:UBER) and Lyft (NASDAQ:LYFT) are maximizing the potential of the on-demand sharing economy. * 10 Stocks Under $5 to Buy for Fall Logically, this dynamic should greatly benefit APRN stock. Millennials eschew cars but love wining and dining. Plus, they're big on delivery services. These points bolster the "love" part of my relationship with Blue Apron stock.So, what's the "hate" part? Just open up a chart of the Blue Apron stock price and you'll quickly see for yourself. On a year-to-date basis, shares have lost nearly 52% of their market value. And with the panicked situation we have in the markets, this service company just doesn't have the legs to compete.By way of comparison, another millennial food favorite -- Chipotle Mexican Grill (NYSE:CMG) -- has seen its shares skyrocket almost 90% in the same period. The Invesco Dynamic Food & Beverage ETF (NYSEArca:PBJ) has added almost 19% in 2019. CMG is the 10th-largest holding in the exchange-traded fund's 31 stock portfolio. APRN has yet to attract ETF interest. Bad Timing May Hurt Blue Apron StockAlthough APRN stock levers some fundamental advantages regarding consumer demographics and behaviors, their biggest problem is converting those advantages. This mismatch was on fully display for their second-quarter earnings results.On paper, it was a mixed report. Per-share profitability for Blue Apron stock came in at a loss of 59 cents. This was far better than consensus estimates calling for an earnings per share loss of $1.08.However, Q2 was really a devastating blow for the company. That's because revenue delivered badly missed the consensus target by more than 14%, at $119.2 million. Furthermore, the year-ago sales haul was $179.6 million. Unsurprisingly, management reported steep subscriber losses.However, what is surprising is that APRN stock took the bad news quite well. It jumped after the disclosure, although it has since declined. Still, after such poor results, APRN is "only" down about 12% since the Q2 disclosure.Under normal circumstances, that might give contrarians some confidence in Blue Apron stock. Because this is an incredibly volatile name, a 12% loss isn't too bad, relatively speaking.On another angle, the fact that millennials love the on-demand sharing economy suggests that this contrarian play is rational. And I'll be blunt: it would get me excited, too.However, we have one little problem. I just don't like the volatility that we saw in the broader markets. Most of that came about because of U.S.-China trade war tensions, which of course is a major worry. But I'm a bit more concerned about the tension between President Trump and the Federal Reserve. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond Of course, Trump wants the Fed to do more. But I don't think the Fed can do anything. That signals to me that we're really headed toward a recession. And a recession does zero good for Blue Apron stock. A Very Limited Trading OpportunityBut with everything that I just said, it's not all bad news for APRN stock. As I discussed in my last article, Blue Apron brought in Linda Findley Kozlowski to head the company. Previously, Kozlowski was the COO of Etsy (NASDAQ:ETSY), another millennial and Gen Z fave.We have two takeaways here. First, Kozlowski knows e-commerce. She's also adept at engaging millennials, which is crucial for Blue Apron stock. And to top it off, she's proven capable of taking seemingly irrelevant markets -- Etsy specializes in homemade arts and crafts -- to the forefront.This should be a big advantage to Blue Apron. As far as I know, eating is a necessity. And cutting the time to prepare it is itself worth a premium.Perhaps this is the reason why Blue Apron stock apparently found a bottom in late June of this year. But as I mentioned above, we have macro-headwinds that can quickly sour consumer sentiment. Therefore, if you're going to gamble, do so in a narrowly defined period.For everyone else, it's time to shutter this investment. APRN badly missed both revenue and subscriber targets, which represent the lifeblood of a delivery-service company. And even if they didn't miss, we have a potential fiscal tsunami about to crash down on us.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Macro-Headwinds Risk Ruining the Recipe for Blue Apron Stock appeared first on InvestorPlace.
Things just refuse to get better for Blue Apron (NYSE:APRN). The meal-kit maker went public in June 2017 at a split-adjusted price of $150. The IPO was a dud. APRN stock never had the honeymoon phase that so many other big growth IPOs have.What happened? In a nutshell, Blue Apron's big growth didn't last long. Over the course of its first few quarters as a publicly held company, Blue Apron went from big grower, to big decliner, and APRN stock followed suit.Today, Blue Apron stock trades hands below $7. That is a 95% plunge in APRN stock over the past 26 months.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow, not only is Blue Apron stock in free fall, but so is the entire market as the trade war is heating up, global growth is cooling, the yield curve has inverted, and corporate earnings are coming in weaker than expected.At this point in time, investors should reasonably ask themselves "why buy a losing stock in a down market?"Don't. The answer is that simple. Don't buy APRN stock. The reality is that this stock will remain a loser for the foreseeable future, especially if broader markets remain weak. Why Blue Apron Stock Will Remain in a DowntrendAt some point, Blue Apron management could figure things out, and APRN stock could stage a huge turnaround. It remains unclear when that will happen, if ever. As such, so long as turnaround prospects remain bleak and lack visibility, the best thing to do here is to avoid Blue Apron stock. * Stocks Under $7 to Invest in Now Blue Apron went public under the idea that this was the leading company in a secular growth meal-kit market that would ultimately replace grocery shopping at scale. The company's ubiquitous podcast advertising helped fuel that image.That was all smoke and mirrors. Blue Apron isn't the leading company in the meal-kit space. Instead, it's one of several, undifferentiated players. There is very little brand loyalty in this space. If anything, consumers actually trust meal kits from their grocery stores over meal kits from a largely unknown third party like Blue Apron. As such, the purveyor is being squeezed out of an ultra-competitive and way-too-crowded meal-kit space.While the meal-kit market has grown significantly over the past several years, meal-kits don't exactly project as the next big thing in the grocery world. It increasingly appears that in-store meal-kits will just be another convenience item in the grocery world. That's why Packaged Facts expects growth rates in the meal-kit space to decelerate into single-digit territory by 2023.Even further, Blue Apron runs huge losses. In an attempt to improve profitability, Blue Apron has cut down on marketing spend. But, that has resulted in huge customer churn. That lost revenue has added more pressure to cut costs. Not only has Blue Apron been unable to turn a profit, but the outlook for the company to turn a profit is bleak.Net net, Blue Apron is an undifferentiated, unprofitable player in a volatile and niche meal-kit market. That reality ultimately implies that APRN stock will remain in a downtrend for the foreseeable future. Here's When to (Maybe) Buy Blue Apron StockAlthough I'm avoiding Blue Apron stock for the foreseeable future, I also understand that there are circumstances when the shares could stage a big comeback rally. * 7 Safe Dividend Stocks for Investors to Buy Right Now Those circumstances include customer growth and margin improvement at the same time. Blue Apron has not been able to do this yet. Any time the company reports positive customer growth, it's because the company spent more on marketing, and margins were negatively impacted.On the flip-side, any time they report margin improvement, it's because they spent less on marketing, which resulted in huge customer churn.The story at Blue Apron has been dominated customer growth and margin improvement going in opposite directions. All it will take for APRN stock to fly higher is one quarter wherein the two run parallel. At this point in time, it doesn't look like that will happen anytime soon. Customers dropped nearly 40% year-over-year last quarter, and management said that marketing expense rates will likely rise into the back half of 2019.Nonetheless, if Blue Apron somehow pulls a rabbit out of its hat and reports both customer growth and margin improvement in any of the next several several quarters, APRN stock will fly higher. Bottom Line on APRN StockThere is potential for a big turnaround in APRN stock. But, that potential lacks tangibility and clarity at the current moment. So long as the narrative here remains dominated by the idea that Blue Apron cannot simultaneously cut expenses and keep customers - which basically means Blue Apron is a long shot for profitability at scale -- then APRN stock will remain in a downtrend.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 * 15 Growth Stocks to Buy for the Long Haul * 5 More Cloud Stocks With Plenty of Potential * 5 Clean Energy ETFs to Buy for 2019 The post Why Blue Apron Stock Should Remain On Your 'Sell' List appeared first on InvestorPlace.
(Bloomberg) -- Zalando SE lost money for the first five years of its existence, then in 2014 it turned a corner and began posting a profit every year. Evidence suggests meal kit startup HelloFresh SE is following a similar path.The Berlin-based food company is optimistic it can generate a group-wide operating profit this year and sustain and expand profitability in the years to come, Chief Executive Officer Dominik Richter said in an interview on Tuesday. HelloFresh shares rose the most since January in early Frankfurt trading.HelloFresh can “generate much higher profit levels than other e-commerce companies,” because the company controls the entire value chain -- from branded retail to wholesale to logistics, Richter said.The company, which assembles ingredients into boxed meal kits and seeks to convince customers of the benefits of cooking at home, earlier Tuesday reported its first quarterly operating profit, in the April-June period, after sales growth across its markets.The results are “significantly better than what we expected,” Deutsche Bank analysts Nizla Naizer and Silvia Cuneo wrote in a note to clients. They mark “a key turning point for the group in our view.”HelloFresh rose as much as 17.7%, the steepest intraday gain since Jan. 18.The Berlin-based startup is especially strong in the U.S., its biggest market, where it’s surpassed Blue Apron Holdings Inc., expanded its choice of meals, and this week started a special “date night” kit in a marketing partnership with businesswoman and actress Jessica Alba.To contact the reporter on this story: Stefan Nicola in Berlin at firstname.lastname@example.orgTo contact the editors responsible for this story: Rebecca Penty at email@example.com, Nate LanxonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Blue Apron is shifting strategies to focus on demographics and partnerships that target its best customers.
Beyond Meat news for Wednesday includes a new deal that has its plant-based protein showing up in a classic Subway sandwich.Source: Shutterstock This deal between Beyond Meat (NASDAQ:BYND) and Subway revolves around the Beyond Meatball Marinara sub. This is basically the same Meatball Marinara sub that customers already know, but it changes out the real meat for Beyond Meat.The Beyond Meatball Marinara sub features the Beyond Meatball, of course. It also comes covered in marinara sauce, provolone cheese and grated Parmesan cheese on top. Customers will be getting 24 grams of protein with each six-inch sub.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"Subway appeals to so many fans because we truly offer something for everyone. Our guests want to feel good about what they east and they also want to indulge in new flavors," Subway said in a statement. "With out new plant-based Beyond Meatball Marinara sub, we are giving them the best of both worlds."The Beyond Meat news notes that the new variation on the Meatball Marinara sub will only be around for a limited time. It also will only be coming to 685 Subway locations in the U.S. and Canada. Customers will be able to try out the new offering from Subway and Beyond Meat for themselves when it shows up at those test stores in September. * 10 Stocks to Buy on the Trade War Dip Another recent expansion for Beyond Meat has its Beyond Burger showing up in meal kits from Blue Apron (NYSE:APRN). You can follow this link to learn more about that.BYND stock was up 1% as of noon Wednesday. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on the Trade War Dip * The 5 Highest-Rated Dow Stocks Right Now * 4 Cybersecurity Stocks to Buy for Long-Term Gains As of this writing, William White did not hold a position in any of the aforementioned securities.The post Beyond Meat News: Subway Meatless Meatball Sandwich Is Coming appeared first on InvestorPlace.
Blue Apron (APRN) delivered earnings and revenue surprises of 45.37% and -14.36%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Blue Apron Holdings (NYSE: APRN ) reported second-quarter losses of 59 cents per share, which beat the analyst consensus estimate of a $1.08 loss. This is a 247.06% decrease over losses of 17 cents per ...
Blue Apron Holdings Inc. reported a second-quarter net loss of $7.7 million, or 59 cents per share, after a loss of $32.8 million, or $2.56 per share, for the same period last year. Revenue totaled $119.2 million, down from $179.6 million last year. The FactSet consensus was for a loss of $1.08 and revenue of $138.0 million. The number of customers has fallen to 449,000 from 717,000 last year, but the average order value has risen to $58.16 from $57.34. Average revenue per customer has also increased to $265 in June 2019 from $250 in June 2018. Blue Apron stock has lost nearly 49% for the year to date while the S&P 500 index has risen 13.5%.