Green Mountain Coffee Roasters Given “Outperform” Rating at Zacks (GMCR)
Green Mountain Coffee Roasters (NASDAQ:GMCR)‘s stock had its “outperform” rating restated by Zacks in a report released on Thursday, American Banking and Market News reports. They currently have a $97.00 price objective on the stock. Zacks‘ price target points to a potential upside of 20.36% from the stock’s previous close.
Zacks‘ analyst wrote, “Green Mountain’s fourth-quarter 2013 adjusted earnings of $0.89 per share beat both the year-ago quarter levels and the Zacks Consensus Estimate by 56% and 20.3%, respectively. The earnings upswing was on the back of solid top-line growth and operational efficiencies. Net sales rose 22.0% year over year and beat Zacks Estimate by 4.2% backed by sales growth of Keurig Brewers, single serve packs (K-cups) and Keurig related accessories. We remain impressed with the company’s recent strategic distribution agreements with major beverage companies to bring more popular brands into its K-cups and Vue packs portion cup business. We are also encouraged with stabilizing coffee prices and the company’s cost reduction initiatives. Moreover, the company is upgrading its Keurig brewing technology, after the patents expired in 2012. It has also launched many affordable Keurig models to attract customers, thus, reducing competitive risk. Hence, we rate the stock as Outperform. “
A number of other analysts have also recently weighed in 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, January 3rd. 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 analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $90.08.
In other Green Mountain Coffee Roasters news, Director David Moran sold 40,000 shares of Green Mountain Coffee Roasters stock on the open market in a transaction dated 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 completion of the transaction, the director now directly owns 6,114 shares of the company’s stock, valued at approximately $456,166. The transaction was disclosed in a filing with the SEC, which is available at this link.
Green Mountain Coffee Roasters (NASDAQ:GMCR) traded up 0.15% during mid-day trading on Thursday, hitting $80.71. The stock had a trading volume of 2,350,950 shares. Green Mountain Coffee Roasters has a one year low of $38.73 and a one year high of $89.66. The stock’s 50-day moving average is $72.52 and its 200-day moving average is $73.64. The company has a market cap of $12.028 billion and a P/E ratio of 25.50.
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. On average, analysts predict that Green Mountain Coffee Roasters will post $3.80 earnings per share for the current fiscal year.
The company also recently declared a special dividend, which is scheduled for Friday, February 14th. Stockholders of record on Friday, January 17th will be given a dividend of 0.25 per share. The ex-dividend date of this dividend is Wednesday, January 15th.
Green Mountain Coffee Roasters, Inc (NASDAQ:GMCR) is engaged in the specialty coffee and coffee maker businesses.
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