Today’s Research Reports on Stocks to Watch: Square and Blue Apron Holdings

NEW YORK, NY / ACCESSWIRE / May 9, 2018 / Square and Blue Apron both saw big gains in Tuesday’s trading session. Shares of Blue Apron have been rallying since the company released a better than expected first quarter report last week and a pilot program with Costco. Shares of Square saw a jump after announcing a point-of-sale solution for full service restaurants.

RDI Initiates Coverage on:

Square, Inc.
https://www.rdinvesting.com/report/?ticker=SQ

Blue Apron Holdings, Inc.
https://www.rdinvesting.com/report/?ticker=APRN

Square, Inc. shares closed up 4.30% on Tuesday on about 18 million shares traded. The payment processing company saw its shares rise after it announced a point-of-sale solution that is designed for full-service restaurants. Square for Restaurants is the name of the new software which is a fully integrated point-of-sale system that is designed for bars and lounges and restaurants. Alyssa Henry of Square said, “Square for Restaurants offers everything you need to run a restaurant at full speed, without distractions or pain points you don’t want.” The service will allow managers to update menus as well as floor layouts across multiple terminals and locations remotely. It will also track staff time and performance, fraud protection, and how tips are split. Currently, the software is used in over 100 restaurants as it was developed over the past 12 months. Square announced the broader launch of the service yesterday.

Access RDI’s Square, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=SQ

Blue Apron Holdings, Inc. shares closed up 11.37% on Tuesday and continued to see even more gains in after-hours trading. Shares of the meal kit delivery company have been jumping since the company announced strong first quarter results last Thursday. In the last five days, shares had seen gains of over 36%. In the last month shares had seen gains of nearly 60%. It was also last Thursday that Blue Apron announced along with its earnings a program where kits will be available in select Costco stores in the Pacific Northwest and San Francisco Bay area. “The pilot program with Costco is Blue Apron’s first expansion into the offline retail world, and should allow the company to reach more potential customers, raise brand awareness, and expand its geographic reach in a cost effective way,” said Scott Devitt, an analyst with Stifel. He has a $3.50 price target on the stock with a “hold” rating. For the first quarter, the company reported a net loss of 17 cents a share while analysts had been expecting a net loss of 24 cents a share. CEO Brad Dickerson said, “We are pleased with the progress we achieved this quarter, including significant improvement in operational efficiencies as reflected by our margin performance, which was the strongest we have seen since the second quarter of 2016.”

Access RDI’s Blue Apron Holdings, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=APRN

Our Actionable Research on Square, Inc. (NYSE: SQ) and Blue Apron Holdings, Inc. (NYSE: APRN) can be downloaded free of charge at Research Driven Investing.

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