Blue Apron (NYSE:APRN) announced its quarterly earnings data on Tuesday. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.07, Morningstar.com reports. The business had revenue of $187.70 million for the quarter, compared to the consensus estimate of $186.13 million. During the same quarter in the prior year, the company earned ($0.39) earnings per share. Blue Apron’s quarterly revenue was down 13.1% compared to the same quarter last year.

Blue Apron (NYSE APRN) opened at $3.35 on Tuesday. The company has a quick ratio of 2.73, a current ratio of 3.15 and a debt-to-equity ratio of 0.48. Blue Apron has a 1 year low of $2.94 and a 1 year high of $11.00.

In related news, CEO Brad Dickerson purchased 180,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was bought at an average price of $3.93 per share, with a total value of $707,400.00. Following the completion of the purchase, the chief executive officer now owns 40,000 shares in the company, valued at approximately $157,200. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder First Round Capital Iv Partner sold 65,728 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $3.03, for a total value of $199,155.84. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 245,000 shares of company stock valued at $959,450 and sold 361,895 shares valued at $1,103,691.

Several hedge funds have recently modified their holdings of APRN. FMR LLC acquired a new stake in Blue Apron during the second quarter worth approximately $42,090,000. River & Mercantile Asset Management LLP grew its stake in Blue Apron by 113.9% during the fourth quarter. River & Mercantile Asset Management LLP now owns 2,222,005 shares of the company’s stock worth $8,966,000 after purchasing an additional 1,183,136 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Blue Apron during the second quarter worth approximately $6,239,000. Vanguard Group Inc. acquired a new stake in Blue Apron in the second quarter valued at approximately $4,892,000. Finally, Westpac Banking Corp grew its stake in Blue Apron by 170.2% in the fourth quarter. Westpac Banking Corp now owns 576,324 shares of the company’s stock valued at $2,323,000 after acquiring an additional 363,044 shares during the period. 58.74% of the stock is owned by institutional investors.

Several analysts recently weighed in on APRN shares. Zacks Investment Research upgraded Blue Apron from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Gabelli started coverage on Blue Apron in a research report on Friday, February 2nd. They set a “buy” rating and a $6.00 price objective for the company. KeyCorp reiterated a “hold” rating on shares of Blue Apron in a research report on Friday, December 1st. Royal Bank of Canada downgraded Blue Apron from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $6.00 to $4.00 in a research report on Friday, December 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $6.00 target price on shares of Blue Apron in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. Blue Apron presently has a consensus rating of “Hold” and an average price target of $6.96.

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Blue Apron Company Profile

Blue Apron Holdings, Inc is a holding company. The Company is focused on providing recipes and fresh ingredients for making home cooking accessible. The Company offers under a novel business model in which it source, process, store and package meal ingredients and ship them directly to consumers. The Company’s core products include Meals and Wine.

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