Green Mountain Coffee Roasters Short Interest Down 17.9% in May (GMCR)
Shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) were the target of a large decrease in short interest during the month of May. As of May 30th, there was short interest totalling 12,617,901 shares, a decrease of 17.9% from the May 15th total of 15,368,528 shares, Stock Ratings Network reports. Approximately 10.5% of the shares of the company are short sold. Based on an average daily trading volume, of 1,791,358 shares, the short-interest ratio is presently 7.0 days.
Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a sell rating, eight have assigned 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 price target of $105.82.
Green Mountain Coffee Roasters (NASDAQ:GMCR) opened at 120.02 on Tuesday. Green Mountain Coffee Roasters has a 1-year low of $56.87 and a 1-year high of $124.42. The stock has a 50-day moving average of $109.5 and a 200-day moving average of $97.76. The company has a market cap of $19.532 billion and a P/E ratio of 33.92.
Green Mountain Coffee Roasters (NASDAQ:GMCR) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts predict that Green Mountain Coffee Roasters will post $3.78 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 1st. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Tuesday, July 1st.
Green Mountain Coffee Roasters, Inc (NASDAQ:GMCR) is a specialty coffee and coffee maker.
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