Green Mountain Coffee Roasters’s Buy Rating Reaffirmed at KeyCorp (GMCR)
Green Mountain Coffee Roasters (NASDAQ:GMCR)‘s stock had its “buy” rating reiterated by KeyCorp in a research note issued on Monday, AnalystRatings.NET reports.
Green Mountain Coffee Roasters (NASDAQ:GMCR) traded up 0.01% on Monday, hitting $80.77. The stock had a trading volume of 782,884 shares. Green Mountain Coffee Roasters has a 52 week low of $38.73 and a 52 week high of $89.66. The stock has a 50-day moving average of $73.40 and a 200-day moving average of $73.74. The company has a market cap of $12.037 billion and a price-to-earnings ratio of 25.56.
Green Mountain Coffee Roasters (NASDAQ:GMCR) last posted its quarterly 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. Analysts expect that Green Mountain Coffee Roasters will post $3.82 EPS 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.
GMCR has been the subject of a number of other recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of Green Mountain Coffee Roasters in a research note to investors on Thursday. They now have a $97.00 price target on the stock. Separately, 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. Finally, 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. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $89.25.
In other Green Mountain Coffee Roasters news, Director David Moran sold 40,000 shares of the company’s 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 transaction of $2,984,400.00. Following the sale, 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.
Green Mountain Coffee Roasters, Inc (NASDAQ:GMCR) is engaged in the specialty coffee and coffee maker businesses.
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