S&P Equity Research Initiates Coverage on Green Mountain Coffee Roasters (GMCR)
S&P Equity Research started coverage on shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) in a research note issued on Tuesday, Analyst Ratings Network reports. The firm set a “sell” rating and a $75.00 price target on the stock. S&P Equity Research’s price target would indicate a potential downside of 6.66% from the company’s current price.
Shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) traded up 1.18% during mid-day trading on Tuesday, hitting $80.35. The stock had a trading volume of 1,824,344 shares. Green Mountain Coffee Roasters has a one year low of $38.73 and a one year high of $89.66. The stock has a 50-day moving average of $73.72 and a 200-day moving average of $73.77. The company has a market cap of $11.975 billion and a P/E ratio of 25.13. Green Mountain Coffee Roasters also saw unusually large options trading on Tuesday. Stock investors acquired 38,535 call options on the company. This is an increase of 285% compared to the average volume of 9,999 call options.
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. On average, analysts predict that Green Mountain Coffee Roasters will post $3.82 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which is scheduled for Friday, February 14th. Shareholders of record on Friday, January 17th will be paid a dividend of 0.25 per share. The ex-dividend date is Wednesday, January 15th.
In other Green Mountain Coffee Roasters news, Director David Moran sold 40,000 shares of the 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 transaction, the director now directly owns 6,114 shares in the company, valued at approximately $456,166. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at KeyCorp reiterated a “buy” rating on shares of Green Mountain Coffee Roasters in a research note to investors on Monday. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Green Mountain Coffee Roasters in a research note to investors on Thursday, January 9th. They now have a $97.00 price target on the stock. Finally, 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $88.15.
Green Mountain Coffee Roasters, Inc (NASDAQ:GMCR) is engaged in the specialty coffee and coffee maker businesses.
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