Blue Apron (NYSE:APRN) Posts Quarterly Earnings Results, Misses Expectations By $0.54 EPS

Blue Apron (NYSE:APRN – Get Rating) posted its quarterly earnings results on Monday. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($0.63) by ($0.54), Fidelity Earnings reports. Blue Apron had a negative return on equity of 152.48% and a negative net margin of 18.79%.

APRN stock opened at $3.36 on Tuesday. The company has a market capitalization of $109.33 million, a PE ratio of -0.85 and a beta of -2.96. Blue Apron has a 12 month low of $2.85 and a 12 month high of $12.76. The firm’s 50-day moving average is $4.19 and its 200 day moving average is $6.61. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.51 and a quick ratio of 1.19.

In related news, CFO Randy J. Greben sold 6,510 shares of the firm’s stock in a transaction dated Monday, February 28th. The shares were sold at an average price of $5.25, for a total value of $34,177.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Joseph N. Sanberg bought 3,333,333 shares of the business’s stock in a transaction on Friday, April 29th. The shares were acquired at an average cost of $12.00 per share, for a total transaction of $39,999,996.00. Following the transaction, the insider now directly owns 8,386,593 shares in the company, valued at approximately $100,639,116. The disclosure for this purchase can be found here. Insiders sold a total of 15,105 shares of company stock worth $79,301 in the last ninety days. 19.16% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. NEXT Financial Group Inc purchased a new position in Blue Apron during the 4th quarter valued at about $42,000. LPL Financial LLC purchased a new position in Blue Apron during the 3rd quarter valued at about $94,000. Millennium Management LLC increased its position in Blue Apron by 34.4% during the 2nd quarter. Millennium Management LLC now owns 29,275 shares of the company’s stock valued at $125,000 after purchasing an additional 7,501 shares during the period. Two Sigma Investments LP purchased a new position in Blue Apron during the 3rd quarter valued at about $179,000. Finally, Dimensional Fund Advisors LP purchased a new position in Blue Apron during the 4th quarter valued at about $197,000.

Blue Apron Company Profile (Get Rating)

Blue Apron Holdings, Inc operates a direct-to-consumer platform that delivers original recipes with fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce market that provides cooking tools, utensils, pantry items, and other products. In addition, the company offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals.

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