Keurig Green Mountain Reaches New 1-Year High at $128.46 (GMCR)
Keurig Green Mountain (NASDAQ:GMCR)’s share price reached a new 52-week high during trading on Tuesday , AnalystRatings.Net reports. The company traded as high as $128.46 and last traded at $127.44, with a volume of 1,371,891 shares traded. The stock had previously closed at $124.61.
A number of analysts have recently weighed in on GMCR shares. Analysts at Argus upgraded shares of Keurig Green Mountain from a “hold” rating to a “buy” rating in a research note on Friday. They now have a $140.00 price target on the stock. Separately, analysts at Buckingham Research downgraded shares of Keurig Green Mountain from a “buy” rating to a “neutral” rating in a research note on Thursday, June 19th. Finally, analysts at Zacks initiated coverage on shares of Keurig Green Mountain in a research note on Thursday, June 19th. They set a “neutral” rating and a $124.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $109.92.
The stock’s 50-day moving average is $117.4 and its 200-day moving average is $101.4. The company has a market cap of $20.422 billion and a P/E ratio of 35.28. Keurig Green Mountain also was the recipient of a significant decline in short interest in June. As of June 13th, there was short interest totalling 11,841,144 shares, a decline of 6.2% from the May 30th total of 12,617,901 shares. Approximately 9.8% of the company’s stock are short sold. Based on an average trading volume of 2,883,721 shares, the days-to-cover ratio is currently 4.1 days.
Keurig Green Mountain (NASDAQ:GMCR) last posted its quarterly earnings results 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 Keurig Green Mountain will post $3.78 EPS for the current fiscal year.
In other Keurig Green Mountain news, Director David E. Moran unloaded 15,500 shares of the stock on the open market in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $125.00, for a total value of $1,937,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Keurig Green Mountain, Inc, formerly Green Mountain Coffee Roasters, Inc, is a specialty coffee and coffeemaker businesses in the United States and Canada.
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