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In recent transactions reported to the SEC, major investors in 1 800 Flowers (NASDAQ:FLWS), currently trading at $6.21 with a market capitalization of $395 million, have purchased significant shares in the company. According to InvestingPro analysis, the stock is currently trading below its Fair Value, suggesting potential upside opportunity. Pleasant Lake Partners LLC and its affiliates, including PLP Funds Master Fund LP and Fund 1 Investments, LLC, acquired a total of 32,500 shares of Class A Common Stock, valued at approximately $193,226. The shares were purchased at prices ranging from $5.9386 to $5.9497 per share. These transactions increased the total shares owned by the investors to 8,200,469. The securities are held for the benefit of PLP Funds Master Fund LP, with Pleasant Lake Partners LLC serving as the investment adviser. InvestingPro data shows the company maintains healthy liquidity with a current ratio of 1.51 and operates with moderate debt levels. Get access to 10+ additional ProTips and comprehensive analysis in the Pro Research Report.
In other recent news, 1-800-FLOWERS.COM reported its second-quarter fiscal year 2025 earnings, revealing a decline in both earnings per share (EPS) and revenue compared to analyst forecasts. The company posted an EPS of $1.08, missing the expected $1.20, and revenue of $775.5 million, which was below the anticipated $801.9 million. This underperformance was attributed in part to a $20 million impact from a systems issue in their food business. Following these results, the company revised its full-year 2025 EBITDA guidance down by 22%, with the midpoint now at $70 million, a decrease from the pre-pandemic FY19 EBITDA of $82 million. DA Davidson maintained a Neutral rating on the stock, with a consistent price target of $7.50, pending a review after the company’s third fiscal quarter results. In a strategic move to enhance delivery capabilities, 1-800-FLOWERS.COM has partnered with Uber Technologies (NYSE:UBER) to utilize Uber Direct for on-demand delivery services, aiming to assist local florists, particularly during peak holiday seasons like Valentine’s Day. This partnership is operational across the U.S. in over 1,000 BloomNet network shops, reflecting the company’s commitment to leveraging technology for improved delivery efficiency.
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