Short Interest in Green Mountain Coffee Roasters Drops By 11.8% (GMCR)
Green Mountain Coffee Roasters (NASDAQ:GMCR) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 13,845,427 shares, a drop of 11.8% from the March 31st total of 15,692,730 shares, Stock Ratings Network reports. Currently, 11.3% of the shares of the company are short sold. Based on an average daily trading volume, of 2,551,892 shares, the short-interest ratio is currently 5.4 days.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Green Mountain Coffee Roasters from an “outperform” rating to a “neutral” rating in a research note on Friday, March 14th. They now have a $111.00 price target on the stock. Separately, analysts at Buckingham Research reiterated a “buy” rating on shares of Green Mountain Coffee Roasters in a research note on Monday, February 24th. Finally, analysts at Longbow Research downgraded shares of Green Mountain Coffee Roasters from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 12th. They now have a $123.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. Green Mountain Coffee Roasters presently has a consensus rating of “Buy” and a consensus target price of $102.58.
Shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) opened at 90.61 on Monday. Green Mountain Coffee Roasters has a one year low of $56.87 and a one year high of $124.42. The stock has a 50-day moving average of $102.6 and a 200-day moving average of $86.55. The company has a market cap of $13.491 billion and a P/E ratio of 27.43.
Green Mountain Coffee Roasters (NASDAQ:GMCR) last announced its earnings results on Wednesday, February 5th. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. Analysts expect that Green Mountain Coffee Roasters will post $3.72 EPS for the current fiscal year.
Green Mountain Coffee Roasters, Inc (NASDAQ:GMCR) is a specialty coffee and coffee maker.
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