Green Mountain Coffee Roasters (NASDAQ:GMCR) was downgraded by stock analysts at Dougherty & Co from a “buy” rating to a “neutral” rating in a report issued on Thursday, TheFlyOnTheWall.com reports.
Green Mountain Coffee Roasters (NASDAQ:GMCR) opened at 64.85 on Thursday. Green Mountain Coffee Roasters has a 52 week low of $22.02 and a 52 week high of $89.66. The stock has a 50-day moving average of $79.24 and a 200-day moving average of $73.11. The company has a market cap of $9.775 billion and a P/E ratio of 23.04. Green Mountain Coffee Roasters also saw unusually large options trading activity on Wednesday. Traders bought 34,856 put options on the company. This is an increase of approximately 129% compared to the average volume of 15,206 put options.
Green Mountain Coffee Roasters (NASDAQ:GMCR) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. The company had revenue of $967.10 million for the quarter, compared to the consensus estimate of $981.13 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts predict that Green Mountain Coffee Roasters will post $3.26 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on GMCR. Analysts at Thomson Reuters/Verus downgraded shares of Green Mountain Coffee Roasters from a “buy” rating to a “hold” rating in a research note to investors on Monday. Finally, analysts at KeyCorp raised their price target on shares of Green Mountain Coffee Roasters from $90.00 to $100.00 in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Green Mountain Coffee Roasters presently has an average rating of “Buy” and an average target price of $83.75.
Green Mountain Coffee Roasters, Inc (NASDAQ:GMCR) is engaged in the specialty coffee and coffee maker businesses.
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