The United States Department of Agriculture (USDA) predicts that food prices will continue to rise. And collective food prices have reached their highest point in decades and are not expected to slow down anytime soon. The company’s fundamentals haven’t shifted since the report was issued. As InvestorPlace Assistant News Writer Shrey Dua reported, Citron’s bullish take was driven by Blue Apron’s strong fundamentals paired with the rising cost of food. While shares haven’t shot up that far yet, this new capital infusion may be exactly what it needs to begin a turnaround. While APRN stock began slipping after that, it received a boost in late January after Citron issued a highly bullish report and $40 price target. And thirdly, the company has confirmed plans to refinance $30 million worth of debt with Allianz Global Investors.īlue Apron has been slipping since it passed $12 per share in early December 2021. Secondly, CEO Lind Finely is making an investment of $500,000 at $12 per share. Blue Apron has already received $20 million, and the second half will come in the year’s second quarter. Firstly, longtime investor RJB Partners has decided to commit $40 million at $12 per share.
Today’s good news consists of three elements.
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