Brad Dickerson Acquires 180,000 Shares of Blue Apron Holdings, Inc. (APRN) Stock
Blue Apron Holdings, Inc. (NYSE:APRN) CEO Brad Dickerson purchased 180,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were purchased at an average cost of $3.93 per share, with a total value of $707,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 40,000 shares of the company’s stock, valued at $157,200. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Brad Dickerson also recently made the following trade(s):
- On Monday, December 11th, Brad Dickerson bought 40,000 shares of Blue Apron stock. The stock was bought at an average cost of $3.87 per share, with a total value of $154,800.00.
Shares of Blue Apron Holdings, Inc. (NYSE:APRN) opened at $4.21 on Friday. Blue Apron Holdings, Inc. has a 1 year low of $2.94 and a 1 year high of $11.00. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.73 and a current ratio of 3.15.
Blue Apron (NYSE:APRN) last released its quarterly earnings results on Thursday, November 2nd. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.04). The firm had revenue of $210.60 million for the quarter, compared to analyst estimates of $191.47 million. Blue Apron’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.56) EPS. research analysts expect that Blue Apron Holdings, Inc. will post -1.66 EPS for the current year.
A number of research analysts have issued reports on APRN shares. Zacks Investment Research raised shares of Blue Apron from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $6.00 target price on shares of Blue Apron in a report on Friday, November 3rd. KeyCorp reaffirmed a “hold” rating on shares of Blue Apron in a report on Friday, December 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 target price (down from $6.50) on shares of Blue Apron in a report on Friday, November 3rd. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $5.50 target price on shares of Blue Apron in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $7.04.
Several hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in Blue Apron during the second quarter worth approximately $464,000. DekaBank Deutsche Girozentrale acquired a new stake in Blue Apron during the second quarter worth approximately $220,000. Obermeyer Wood Investment Counsel Lllp acquired a new stake in Blue Apron during the second quarter worth approximately $110,000. LMR Partners LLP acquired a new stake in Blue Apron during the second quarter worth approximately $2,195,000. Finally, SG Americas Securities LLC acquired a new stake in Blue Apron during the second quarter worth approximately $264,000. Institutional investors and hedge funds own 58.35% of the company’s stock.
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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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