Insider Selling: David Moran Sells 40,000 Shares of Green Mountain Coffee Roasters Stock (GMCR)
Green Mountain Coffee Roasters (NASDAQ:GMCR) Director David Moran sold 40,000 shares of Green Mountain Coffee Roasters stock on the open market in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $74.61, for a total value of $2,984,400.00. Following the transaction, the director now directly owns 6,114 shares in the company, valued at approximately $456,166. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on GMCR. Analysts at Jefferson Research downgraded shares of Green Mountain Coffee Roasters from a “buy” rating to a “hold” rating in a research note to investors on Friday. Separately, analysts at Williams Capital raised their price target on shares of Green Mountain Coffee Roasters from $98.00 to $106.00 in a research note to investors on Thursday, December 5th. They now have an “outperform” rating on the stock. Finally, analysts at Janney Montgomery Scott upgraded shares of Green Mountain Coffee Roasters from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, November 21st. They now have a $80.00 price target on the stock, up previously from $65.50. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $88.77.
Green Mountain Coffee Roasters (NASDAQ:GMCR) traded up 1.50% on Friday, hitting $75.75. The stock had a trading volume of 2,348,487 shares. Green Mountain Coffee Roasters has a 52-week low of $38.73 and a 52-week high of $89.66. The stock’s 50-day moving average is $71.02 and its 200-day moving average is $73.66. The company has a market cap of $11.289 billion and a price-to-earnings ratio of 23.62.
Green Mountain Coffee Roasters (NASDAQ:GMCR) last announced its earnings results on Wednesday, November 20th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.14. The company had revenue of $1.00 million for the quarter, compared to the consensus estimate of $966.27 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis.
Green Mountain Coffee Roasters, Inc (NASDAQ:GMCR) is engaged in the specialty coffee and coffee maker businesses.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.