Short Interest in Keurig Green Mountain Decreases By 6.2% (GMCR)
Shares of Keurig Green Mountain (NASDAQ:GMCR) were the target of a large drop in short interest during the month of June. As of June 13th, there was short interest totalling 11,841,144 shares, a drop of 6.2% from the May 30th total of 12,617,901 shares, American Banking News reports. Approximately 9.8% of the shares of the company are sold short. Based on an average daily volume of 2,883,721 shares, the days-to-cover ratio is currently 4.1 days.
In other Keurig Green Mountain news, Director David E. Moran unloaded 15,500 shares of the company’s 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 transaction of $1,937,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on GMCR. 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 analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. Keurig Green Mountain has an average rating of “Hold” and a consensus price target of $109.92.
Shares of Keurig Green Mountain (NASDAQ:GMCR) opened at 124.61 on Tuesday. Keurig Green Mountain has a 1-year low of $56.87 and a 1-year high of $128.04. 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 $20.279 billion and a P/E ratio of 35.46.
Keurig Green Mountain (NASDAQ:GMCR) last announced its 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 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. On average, analysts predict that Keurig Green Mountain will post $3.78 earnings per share for the current fiscal year.
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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