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Pleasant Lake Partners LLC, along with its affiliated entities, has made a significant investment in 1 800 FLOWERS COM INC (NASDAQ:FLWS), which currently trades near its 52-week low of $5.42. According to a recent SEC filing, the firm acquired a total of 201,500 shares of Class A Common Stock in a series of transactions between March 18 and March 20. The purchase was made at prices ranging from $5.4707 to $5.6607 per share, resulting in a total transaction value of approximately $1.13 million. InvestingPro analysis suggests the stock is currently undervalued, with the company’s market capitalization standing at $359 million.
These transactions have increased the firm’s holdings in 1 800 FLOWERS to nearly 8,035,969 shares. The shares were acquired for the benefit of PLP Funds Master Fund LP, with Pleasant Lake Partners acting as the investment adviser. Fund 1 Investments, LLC serves as the managing member of Pleasant Lake Partners, with Jonathan Lennon as the managing member of Fund 1. InvestingPro subscribers can access 12 additional key insights about FLWS, including detailed analysis of its shareholder yield and revenue valuation metrics.
The acquisitions reflect the firm’s continued interest in 1 800 FLOWERS, as they increase their stake in the company. The timing is notable as the stock has declined 28% over the past six months. For comprehensive analysis of FLWS and 1,400+ other stocks, including detailed Fair Value assessments and financial health scores, explore InvestingPro’s extensive research reports.
In other recent news, 1-800-FLOWERS.COM reported its second-quarter fiscal year 2025 results, revealing a 6% decline in sales to $776 million, missing the consensus estimate by $27 million. The company also reported earnings per share of $1.08, which fell short of the expected $1.20, and revenue of $775.5 million, below the anticipated $801.9 million. Following these results, 1-800-FLOWERS.COM reduced its full-year 2025 EBITDA guidance by 22%, setting the revised midpoint at $70 million, which is lower than the pre-pandemic FY19 EBITDA of $82 million. In light of these developments, DA Davidson maintained its Neutral rating on the company, with a consistent price target of $7.50, based on a valuation of five times the estimated calendar year 2026 EBITDA of $96 million.
Additionally, 1-800-FLOWERS.COM has partnered with Uber Technologies (NYSE:UBER) to enhance its delivery capabilities through Uber Direct, aiming to assist local florists in the BloomNet network during peak holiday seasons. This strategic collaboration is designed to improve delivery logistics, allowing florists to dynamically dispatch and fulfill same-day floral deliveries. The partnership reflects the company’s commitment to leveraging technology for improved delivery efficiency. These recent developments provide a glimpse into the current challenges and strategic initiatives undertaken by 1-800-FLOWERS.COM.
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