Andrew Left’s Citron Research issued a lengthy research report on Blue Apron Holdings Inc. with a $40 price target. The price target implies a 443 percent upside to the January 19 closing price of $7.36. “There are hundreds of meal kit reviews online, and Blue Apron is always at the top of the list on food quality, price, and ease…
Blue Apron Stock Falls on Q3 Miss, Gloomy Outlook
Blue Apron Holdings Inc (APRN) reported a third-quarter FY21 net revenue decline of 2 percent year-on-year to $109.65 million, missing the consensus of $120.40 million. Average Order Value rose 6 percent Y/Y to $62.30. Orders per Customer, and Average Revenue per Customer all showed strong growth compared to the pre-pandemic Q3 of 2019, despite modest…
5 Food Stocks to Watch Ahead of This Week’s Earnings: DoorDash, Wendy’s and More
The COVID-19 pandemic has been a business-changing event for the restaurant industry and food-related businesses. With the reopening trade providing a lift to some businesses, food stocks could be under watch this week with some that saw business boosts during the pandemic and some that had harder times all reporting quarterly earnings. Here are five…
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