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Barclays

June 17, 2026

Americas Small Cap Research Summary

EquitiesConsumer Staples

This report provides an update on HelloFresh SE, noting improved US meal kit trends in Q2 2026. Barclays maintains an Equal Weight rating as they await further signs of financial stabilization.

Key Takeaways

  • 1.Meal kit trends in the US show slight improvement in Q2 to date.
  • 2.HelloFresh maintains an Equal Weight rating with a price target of EUR 4.40.

Table of Contents

  • Americas Small Cap Research Summary
  • HelloFresh SE: Updating US Barclaycard data for May
  • Analyst(s) Certification(s)
  • Important Disclosures
  • Availability of Disclosures
  • Risk Disclosure(s)
  • Guide to the Barclays Fundamental Equity Research Rating System

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Authors

Andrew RossOlivia VenancioGuillaume Galland

Securities

HFGG.DE

Themes

Meal Kit Market TrendsTop-line Stabilization

Regions

North AmericaUnited States