Traders Purchase High Volume of Put Options on Green Mountain Coffee Roasters (GMCR)
Green Mountain Coffee Roasters (NASDAQ:GMCR) saw some unusual options trading activity on Wednesday. Traders purchased 32,231 put options on the company, Analyst Ratings.Net reports. This represents an increase of approximately 163% compared to the typical volume of 12,251 put options.
A number of research firms have recently commented on GMCR. Analysts at Thomson Reuters/Verus upgraded shares of Green Mountain Coffee Roasters 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 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 from $72.00 to $75.00 in a research note to investors on Wednesday, September 11th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $83.75.
Shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) traded down 6.64% on Wednesday, hitting $68.89. 10,415,972 shares of the company’s stock traded hands. Green Mountain Coffee Roasters has a one year low of $21.33 and a one year high of $89.66. The stock’s 50-day moving average is $81.8 and its 200-day moving average is $72.73. The company has a market cap of $10.384 billion and a price-to-earnings ratio of 25.40.
Green Mountain Coffee Roasters (NASDAQ:GMCR) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts predict that Green Mountain Coffee Roasters will post $3.26 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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