Traders Purchase Large Volume of Green Mountain Coffee Roasters Call Options (GMCR)
Shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) were the recipient of some unusual options trading on Friday. Investors acquired 20,325 call options on the stock, Analyst Ratings Network reports. This represents an increase of approximately 118% compared to the average daily volume of 9,308 call options.
A number of research firms have recently commented on GMCR. Analysts at Roth Capital downgraded shares of Green Mountain Coffee Roasters from a “buy” rating to a “neutral” rating in a research note on Thursday, May 22nd. They now have a $120.00 price target on the stock. Separately, analysts at Northcoast Research initiated coverage on shares of Green Mountain Coffee Roasters in a research note on Wednesday, May 14th. They set a “sell” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Green Mountain Coffee Roasters in a research note on Friday, May 9th. They now have a $109.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $105.82.
Shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) traded up 8.39% during mid-day trading on Friday, hitting $122.07. The stock had a trading volume of 5,655,668 shares. Green Mountain Coffee Roasters has a 52 week low of $56.87 and a 52 week high of $124.42. The stock has a 50-day moving average of $105.4 and a 200-day moving average of $94.84. The company has a market cap of $19.865 billion and a P/E ratio of 31.89.
Green Mountain Coffee Roasters (NASDAQ:GMCR) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.95 by $0.13. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Analysts expect that Green Mountain Coffee Roasters will post $3.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 1st. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, July 1st.
Green Mountain Coffee Roasters, Inc (NASDAQ:GMCR) is a specialty coffee and coffee maker.
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