Benchmark Company Reiterates Buy Rating, $5.50 PT on 1-800-FLOWERS.com Following Management Meeting

In a report published Wednesday, Benchmark Company reiterated its Buy rating and $5.50 price target on 1-800-FLOWERS.com

. Benchmark Company noted, “We recently hosted 1-800-flowers.com management in Boston. While shares have appreciated following several consecutive quarters of strong revenue growth and organic margin expansion, we believe continued execution could drive ongoing double-digit cash flow and EPS growth. Furthermore, valuation does not appear overly extended, with shares trading at just 5x CY13E EV/EBITDA, and we see incremental growth opportunities through adjacent vertical expansion and acquisitions which could provide upside to our forecast.” 1-800-FLOWERS.com closed on Tuesday at $4.64.