HelloFresh (HFG) Stock Drops 6% After Barclays Downgrade and Price Target Cut
TLDR
- Barclays downgraded HelloFresh from Equalweight to Underweight, cutting its price target to EUR 3.10 from EUR 4.40
- The stock fell 6.1% to EUR 3.13, touching its 52-week low of EUR 3.06 intraday
- Q2 2026 revenue dropped 7.8% year-over-year in constant currency; total orders fell 13.7%
- Barclays flagged weak meal-kit and ready-to-eat revenue trends in June and July using its Barclaycard data
- Full-year revenue guidance was nudged toward the lower end of the -3% to -6% range, effectively pointing to -6%
HelloFresh stock dropped 6.1% to EUR 3.13 on Thursday after Barclays downgraded the meal-kit company and cut its price target to EUR 3.10 from EUR 4.40.
The timing was rough. The downgrade came just one day after HelloFresh posted its Q2 2026 results.
Q2 group revenue came in at approximately EUR 1.5 billion, down 7.8% year-over-year in constant currency. Total orders fell 13.7% as the company pulled back on marketing spend.
The stock hit an intraday low of EUR 3.06, matching its 52-week low. That compares to a 52-week high of EUR 8.40, highlighting just how much ground the stock has lost.
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