Pleasant Lake partners and affiliates acquire $185,768 in 1-800-Flowers shares

Pleasant Lake Partners LLC, along with its affiliates PLP Funds Master Fund LP and Fund 1 Investments, LLC, recently made significant acquisitions of 1-800-Flowers.com Inc. (NASDAQ:FLWS) stock. According to the latest SEC filings, the group purchased a total of $185,768 in shares. With a current market capitalization of $364 million, InvestingPro analysis indicates the stock is trading below its Fair Value, while maintaining a moderate debt level and healthy liquidity position.

The transactions occurred on April 7 and April 9, with the acquisition of 32,500 shares. The purchase prices ranged from $5.71 to $5.7874 per share. These acquisitions increased the total shares owned by the reporting parties to over 8.2 million. The stock has experienced significant volatility, with a 28.5% decline over the past six months, according to InvestingPro data.

The transactions were conducted for the benefit of PLP Funds Master Fund LP, with Pleasant Lake Partners LLC serving as the investment adviser. Fund 1 Investments, LLC acts as the managing member of Pleasant Lake Partners. Despite these acquisitions, the reporting parties disclaim beneficial ownership except to the extent of their pecuniary interest. InvestingPro subscribers can access 13 additional key insights about FLWS, including detailed financial health metrics and comprehensive valuation analysis in the Pro Research Report.

In other recent news, 1-800-FLOWERS.COM reported a challenging second quarter for fiscal year 2025, with revenue declining by 5.7% to $775.5 million, missing the expected $801.9 million. The company also reported earnings per share of $1.08, falling short of the forecasted $1.20. A significant issue contributing to the revenue shortfall was a $20 million impact from a systems problem in their food business, which is not expected to affect the upcoming Valentine's Day sales. Following these results, 1-800-FLOWERS.COM reduced its full-year EBITDA guidance by 22%, setting the midpoint at $70 million, below the pre-pandemic FY19 level of $82 million.

DA Davidson maintained a Neutral rating on the company's stock with a price target of $7.50, based on a valuation of five times the estimated calendar year 2026 EBITDA of $96 million. Analyst Linda Bolton Weiser expressed concerns about ongoing sales declines and suggested that an improvement in consumer confidence would be necessary for revenue growth. In a strategic move, 1-800-FLOWERS.COM has partnered with Uber Technologies (NYSE:UBER) to enhance its delivery capabilities through Uber Direct, aiming to support florists in managing high-demand periods, especially during holidays like Valentine's Day. This partnership is part of the company's efforts to innovate and improve customer experience by leveraging technology for more efficient delivery operations.

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