Green Mountain Coffee Roasters Trading Down 3.9% After Insider Selling (GMCR)
Green Mountain Coffee Roasters (NASDAQ:GMCR)’s share price dropped 3.9% during trading on Thursday after an insider sold shares in the company, American Banking News reports. The stock traded as low as $121.00 and last traded at $121.19, with a volume of 1,619,549 shares changing hands. The stock had previously closed at $126.09.
Specifically, Director David E. Moran unloaded 15,500 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $125.00, for a total value of $1,937,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Buckingham Research downgraded shares of Green Mountain Coffee Roasters from a “buy” rating to a “neutral” rating in a research note on Thursday. Separately, analysts at Zacks initiated coverage on shares of Green Mountain Coffee Roasters in a research note on Thursday. They set a “neutral” rating and a $124.00 price target on the stock. Finally, analysts at BTIG Research initiated coverage on shares of Green Mountain Coffee Roasters in a research note on Wednesday. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $107.18.
The stock has a 50-day moving average of $112.2 and a 200-day moving average of $98.56. The company has a market cap of $19.782 billion and a price-to-earnings ratio of 35.70. Green Mountain Coffee Roasters also saw a large decline in short interest in May. As of May 30th, there was short interest totalling 12,617,901 shares, a decline of 17.9% from the May 15th total of 15,368,528 shares. Based on an average trading volume of 1,791,358 shares, the days-to-cover ratio is currently 7.0 days. Currently, 10.5% of the company’s stock are short sold.
Green Mountain Coffee Roasters (NASDAQ:GMCR) last released its 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. 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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