Companies in the Services sector have received a lot of coverage today as analysts weigh in on Blue Apron Holdings Inc (APRN) and Dine Brands Global Inc (DIN).
Blue Apron Holdings Inc (APRN)
Oppenheimer analyst Rupesh Parikh maintained a Hold rating on Blue Apron Holdings Inc today. The company’s shares opened today at $1.57.
Parikh observed:
“Yesterday, APRN reported better than expected Q4 results driven by a slightly smaller sales decline and greater cost savings. Management reaffirmed 2019 expectations for positive EBITDA growth, and commentary on WW and Jet partnerships remained positive. With the continued bottom-line outperformance lately, we are increasingly confident in management’s ability to achieve positive EBITDA in 2019. However, we continue on the sidelines as we await signs of top-line stabilization. This could be at least a few quarters away.”
According to TipRanks.com, Parikh is a 5-star analyst with an average return of 15.3% and a 62.6% success rate. Parikh covers the Services sector, focusing on stocks such as United Natural Foods, Wal-Mart Stores Inc, and Sprouts Farmers.
Currently, the analyst consensus on Blue Apron Holdings Inc is a Hold with an average price target of $1.79.
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Dine Brands Global Inc (DIN)
Dine Brands Global Inc received a Buy rating and a $120 price target from Wedbush analyst Nick Setyan today. The company’s shares opened today at $76.62.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.6% and a 55.7% success rate. Setyan covers the Services sector, focusing on stocks such as Del Taco Restaurants, Jack In The Box Inc, and BJ’s Restaurants.
Currently, the analyst consensus on Dine Brands Global Inc is a Moderate Buy with an average price target of $111.50.
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