Stock Traders Purchase Large Volume of Green Mountain Coffee Roasters Call Options (GMCR)
Shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) was the recipient of some unusual options trading on Monday. Stock traders purchased 24,999 call options on the stock, Stock Ratings Network.com reports. This represents an increase of approximately 104% compared to the typical daily volume of 12,278 call options.
A number of research firms have recently commented on GMCR. Analysts at Thomson Reuters/Verus upgraded shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 16th. Separately, analysts at KeyCorp raised their price target on shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) from $90.00 to $100.00 in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock. Finally, analysts at Janney Montgomery Scott raised their price target on shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) from $72.00 to $75.00 in a research note to investors on Wednesday, September 11th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $83.75.
Shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) traded up 0.60% during mid-day trading on Monday, hitting $75.33. 4,620,304 shares of the company’s stock traded hands. Green Mountain Coffee Roasters has a 52-week low of $21.33 and a 52-week high of $89.66. The stock’s 50-day moving average is $82.33 and its 200-day moving average is $71.57. The company has a market cap of $11.355 billion and a price-to-earnings ratio of 25.78.
Green Mountain Coffee Roasters (NASDAQ:GMCR) last announced its earnings results on Wednesday, August 7th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.77 by $0.05. The company had revenue of $967.10 million for the quarter, compared to the consensus estimate of $981.13 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. On average, analysts predict that Green Mountain Coffee Roasters will post $3.25 earnings per share for the current fiscal year.
Green Mountain Coffee Roasters, Inc (NASDAQ:GMCR) is engaged in the specialty coffee and coffee maker businesses.
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