1-800-Flowers sees $5.48 million in stock purchases by Pleasant Lake Partners

Pleasant Lake Partners LLC, along with associated entities PLP Funds Master Fund LP and Fund 1 Investments, LLC, recently executed a series of stock acquisitions in 1-800-Flowers.com Inc. (NASDAQ:FLWS), purchasing a total of $5.48 million worth of shares. The timing is notable as InvestingPro data shows the stock has declined nearly 10% over the past week, with the company currently valued at approximately $488 million. The transactions, reported in a recent SEC filing, took place over several days, with prices ranging from $7.6738 to $8.5658 per share.

The acquisitions, executed between February 19 and February 21, involved the purchase of a significant number of shares, increasing Pleasant Lake Partners’ total holdings in the company. The transactions were made for the benefit of PLP Funds Master Fund LP, with Pleasant Lake Partners serving as the investment adviser.

These transactions indicate continued interest and investment in 1-800-Flowers by Pleasant Lake Partners, a significant stakeholder in the company. InvestingPro analysis suggests the stock is currently undervalued, with a solid liquidity position reflected in a current ratio of 1.51. For deeper insights into 1-800-Flowers’ valuation and 8 additional ProTips, subscribers can access the comprehensive Pro Research Report available on InvestingPro.

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 forecasts. The company posted an EPS of $1.08, missing the expected $1.20, while revenue reached $775.5 million, below the anticipated $801.9 million. This underperformance was partly attributed to a $20 million impact from a systems issue in their food business. Following the earnings report, 1-800-FLOWERS.COM reduced its full-year 2025 EBITDA guidance by 22%, setting the revised midpoint at $70 million, which is below the pre-pandemic FY19 EBITDA of $82 million. Additionally, DA Davidson maintained a Neutral rating on the company with a price target of $7.50, noting adjustments to annual sales and EBITDA forecasts. In a strategic move, 1-800-FLOWERS.COM partnered with Uber Technologies (NYSE:UBER) to utilize Uber Direct for on-demand delivery services, enhancing logistics for florists in the BloomNet network. This collaboration aims to address delivery challenges during peak demand periods, such as Valentine’s Day, by providing immediate access to additional delivery drivers. These developments reflect the company’s ongoing efforts to leverage technology for improved delivery efficiency and customer experience in the floral industry.

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