Green Mountain Coffee Roasters Stock Rating Reaffirmed by Zacks (GMCR)
Green Mountain Coffee Roasters (NASDAQ:GMCR)‘s stock had its “outperform” rating reiterated by Zacks in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. They currently have a $123.00 target price on the stock. Zacks‘ target price points to a potential upside of 20.47% from the company’s current price.
Zacks‘ analyst wrote, “Green Mountain’s first-quarter 2014 adjusted earnings of $0.96 per share beat both the year-ago quarter levels and the Zacks Consensus Estimate by 26% and 7.8%, respectively. The earnings upswing was on the back of solid top-line growth and operational efficiencies. Net sales rose 4.0% year over year was in line with Zacks Estimate 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. “
GMCR has been the subject of a number of other recent research reports. Analysts at Bank of America Corp. reiterated a “neutral” rating on shares of Green Mountain Coffee Roasters in a research note to investors on Friday. They now have a $108.00 price target on the stock, up previously from $87.00. Separately, analysts at Williams Capital raised their price target on shares of Green Mountain Coffee Roasters from $106.00 to $125.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Green Mountain Coffee Roasters from $100.00 to $130.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $98.15.
Shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) traded up 7.72% during mid-day trading on Friday, hitting $109.983. The stock had a trading volume of 10,842,135 shares. Green Mountain Coffee Roasters has a 1-year low of $42.25 and a 1-year high of $110.50. The stock’s 50-day moving average is $78.94 and its 200-day moving average is $74.73. The company has a market cap of $16.391 billion and a price-to-earnings ratio of 32.31. Green Mountain Coffee Roasters also saw unusually large options trading activity on Wednesday. Investors bought 46,917 call options on the company. This represents an increase of approximately 272% compared to the average daily volume of 12,597 call options.
Green Mountain Coffee Roasters (NASDAQ:GMCR) last released its earnings data on Wednesday, February 5th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.06. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 3.6% 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 announced a quarterly dividend, which is scheduled for Friday, May 2nd. Stockholders of record on Friday, April 4th will be paid a dividend of 0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Wednesday, April 2nd.
Green Mountain Coffee Roasters, Inc (NASDAQ:GMCR) is engaged in the specialty coffee and coffee maker businesses.
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