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APRN

Blue Apron

$3.91

0.24 (6.54%)

, COST

Costco

$214.02

5.32 (2.55%)

09:04
07/13/18
07/13
09:04
07/13/18
09:04

Blue Apron's Costco test 'progressign well,' says KeyBanc

KeyBanc analyst Edward Yruma told investors in a research note that Blue Apron's (APRN) expansion of its on-demand meal kits at Costco (COST) continues to progress well, spreading to the Midwest and Southern areas of the U.S., and that this reinforces his increasingly constructive stance. While still small compared to direct-to-consumer, Yruma says the kits provide an opportunity for Blue Apron to conveniently reach new customers with a best-in-class national partner and that its upside prospects are becoming more favorable. Yruma maintains a Sector Weight rating, says valuation looks reasonable, and adds that operational issues at the Linden fulfillment centers are "largely in the past."

APRN

Blue Apron

$3.91

0.24 (6.54%)

COST

Costco

$214.02

5.32 (2.55%)

  • 02

    Aug

APRN Blue Apron
$3.91

0.24 (6.54%)

02/02/18
02/02/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. VF Corp. (VFC) initiated with an Overweight at Barclays. 2. JinkoSolar (JKS) initiated with a Sell at Vertical Group. 3. Chimerix (CMRX) initiated with a Buy at H.C. Wainwright. 4. Voyager Therapeutics (VYGR) initiated with an Overweight at Morgan Stanley. 5. Blue Apron (APRN) initiated with a Buy at Gabelli. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
02/14/18
ADAM
02/14/18
NO CHANGE
Target $8
ADAM
Buy
Blue Apron showing signs of stabilization, says Canaccord
Canaccord analyst Michael Graham said Blue Apron's Q4 results were generally inline with expectations, with EBITDA better than expected. The analyst said Blue Apron has had its share of challenges since its IPO, but he is cautiously optimistic given its low valuation, the resumption of marketing spending, reduced capex requirements, and the potential for partnerships and product expansion. Graham maintained his Buy rating and lowered his price target to $8 from $10 on Blue Apron shares.
02/16/18
NRCS
02/16/18
UPGRADE
NRCS
Neutral
Blue Apron upgraded to Neutral from Sell at Northcoast
02/16/18
02/16/18
UPGRADE

Neutral
Blue Apron upgraded to Neutral on retail partnership potential at Northcoast
As previously reported, Northcoast analyst Charles Cerankosky upgraded Blue Apron to Neutral from Sell. He noted that management is suggesting the company could be at breakeven EBITDA by year end, though he "is far less optimistic." Still, given the pressure of its negative cash flow, he thinks Blue Apron will explore a retail distribution partnership, which could have a potential headline benefit. However, Cerankosky added that he expects that even if such a retail distribution partnership was struck, he believes "disappointing sales at retail would likely force such a relationship to die quickly."
COST Costco
$214.02

5.32 (2.55%)

07/06/18
NRCS
07/06/18
DOWNGRADE
NRCS
Neutral
Costco downgraded to Neutral from Buy at Northcoast
07/09/18
BARD
07/09/18
NO CHANGE
Target $230
BARD
Outperform
Baird remains a buyer of 'growth staple' Costco ahead of June sales
Baird analyst Peter Benedict reiterated an Outperform rating and $230 price target on Costco ahead of the company's June sales results, telling investors in a research note that he sees some sequential moderation in June comps as core compares steepen 200 basis points and FX turns to a headwind. Looking ahead, Benedict says Costco should sustain healthy mid-single digit core comps, aided by "thoughtful" price investments plus several company-specific drivers, adding that he remains a buyer of this "growth staple."
07/11/18
LOOP
07/11/18
NO CHANGE
Target $235
LOOP
Buy
Costco price target raised to $235 from $230 at Loop Capital
Loop Capital analyst Laura Champine raised her price target on Costco to $235 and kept her Buy rating after its better than expected June sales report. Champine notes that e-commerce remained a growth driver for the company, rising 28% in June with and without the FX impact thanks to performance in the general merchandise and ancillary categories. The analyst adds that the 4.4% rise in traffic is also reflective of a healthy macro environment.
07/11/18
BARD
07/11/18
NO CHANGE
Target $230
BARD
Outperform
Costco fundamentals remain 'best in class', says Baird
Baird analyst Peter Benedict kept his Outperform rating and $230 price target on Costco, saying the company's 9.7% rise in comps for June topped his expectations and also the Street consensus of 7%-8% and 7.1% respectively. The analyst adds that on a two-year stack, comps accelerated by about 100bps from May despite fewer promotional days, stating that this "underscores the broad-based momentum across the business". Benedict further notes that while Costco valuation multiple of 28-times earnings for the next 12 months is above 26-times 3-year average, its fundamentals remain "best in class".

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LM

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INDB

Independent Bank

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BHLB

Berkshire Hills Bancorp

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$34.30

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CMCSK

Comcast

$0.00

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SNE

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$52.97

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FOX

21st Century Fox

$45.69

-0.5 (-1.08%)

FOXA

21st Century Fox

$46.01

-0.54 (-1.16%)

LGF.A

Lionsgate

$24.88

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DIS

Disney

$111.48

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VIAB

Viacom

$27.49

-0.51 (-1.82%)

VIA

Viacom

$32.10

-0.3 (-0.93%)

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BGNE

BeiGene

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5.95 (3.63%)

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BGNE

BeiGene

$169.98

5.95 (3.63%)

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SYNT

Syntel

$39.15

0.14 (0.36%)

16:17
07/22/18
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16:17
Earnings
Syntel reports preliminary Q2 EPS 49c, consensus 44c »

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SYNT

Syntel

$39.15

0.14 (0.36%)

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DDE

Dover Downs

$2.04

0.01 (0.49%)

16:11
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TWO

Two Harbors

$15.92

-0.05 (-0.31%)

, CYS

CYS Investments

$7.57

-0.025 (-0.33%)

13:36
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13:36
Conference/Events
CYS Investments to host special shareholder meeting »

Special Shareholder…

TWO

Two Harbors

$15.92

-0.05 (-0.31%)

CYS

CYS Investments

$7.57

-0.025 (-0.33%)

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CYS

CYS Investments

$7.57

-0.025 (-0.33%)

, TWO

Two Harbors

$15.92

-0.05 (-0.31%)

13:34
07/22/18
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Conference/Events
Two Harbors to host special shareholder meeting »

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CYS

CYS Investments

$7.57

-0.025 (-0.33%)

TWO

Two Harbors

$15.92

-0.05 (-0.31%)

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  • 08

    Aug

JD

JD.com

$35.50

-1.37 (-3.72%)

13:28
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Periodicals
JD.com plans move into Europe, Reuters reports »

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AAPL

Apple

$191.29

-0.66 (-0.34%)

12:37
07/22/18
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Periodicals
China aiming to supply Apple with OLED smartphone screens, WSJ says »

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  • 31

    Jul

PZZA

Papa John's

$51.61

0.62 (1.22%)

12:30
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EADSY

Airbus

$0.00

(0.00%)

, BAESY

BAE Systems

$0.00

(0.00%)

12:22
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Periodicals
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EADSY

Airbus

$0.00

(0.00%)

BAESY

BAE Systems

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VLKAY

Volkswagen

$0.00

(0.00%)

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KKR

KKR

$27.26

0.21 (0.78%)

12:11
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PM

Philip Morris

$84.31

3.41 (4.22%)

, RACE

Ferrari

$139.98

-2.65 (-1.86%)

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Ferrari

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MDLZ

Mondelez

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ACN

Accenture

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-0.47 (-0.28%)

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CAE

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FCAU

Fiat Chrysler

$19.33

-0.195 (-1.00%)

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RACE

Ferrari

$139.98

-2.65 (-1.86%)

, PM

Philip Morris

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3.41 (4.22%)

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AMZN

Amazon.com

$1,813.84

0.99 (0.05%)

, TM

Toyota

$131.87

0.11 (0.08%)

12:51
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AMZN

Amazon.com

$1,813.84

0.99 (0.05%)

TM

Toyota

$131.87

0.11 (0.08%)

AA

Alcoa

$40.32

-1.36 (-3.26%)

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