APRN

Blue Apron Holdings Inc - Ordinary Shares - Class A

Consumer, TMT


Presented:02/18/2022
Price:$6.02
Cap:$0.19B
Current Price:no data
Cap:no data

Presented

Date02/18/2022
Price$6.02
Market Cap$0.19B
Ent Value$0.17B
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/S31.69M
Ave Daily Vol1,445,546
Short Int15.43%

Current

Priceno data
Market Capno data
Blue Apron Holdings, Inc. operates as an ingredient-and-recipe meal kit service company. It engages in making home cooking accessible. The firm is involved in demand planning, recipe creation, recipe merchandising, and marketing. Its products include meals and wine. The company was founded by Matthew J. Wadiak, Ilia M. Papas, and Matthew B. Salzberg in 2012 and is headquartered in New York, NY.

Publicly traded companies mentioned herein: Albertsons Cos Inc (ACI), Blackstone Inc (BX), Blue Apron Holdings Inc (APRN), Etsy Inc (ETSY), HelloFresh SE (HFG GR), Nestle SA (NESN SW), WW International Inc (WW)

Highlights

The presenter is long shares of Blue Apron Holdings Inc (APRN), which has a $230MM market cap, $50MM of net cash, and a $180MM EV. He is bullish based on the turnaround story being led by CEO Linda Findley, who joined the company in April 2019. Since taking over, she has eliminated the short-term bankruptcy risk, and a recent capital infusion now allows APRN to turn growth back on through three main avenues: re-engaging previous users, converting subscribers from Aspiration Financial, and an enterprise sales opportunity. If APRN can execute on the growth story, the presenter sees a path to $1B of revenue and a 1x sales multiple, representing ~500% upside with minimal downside risk at the current valuation. 

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.