Green Mountain Coffee Roasters (NASDAQ:GMCR)‘s stock had its “outperform” rating restated by Zacks in a research report issued to clients and investors on Friday, AnalystRatingsNetwork.com reports. They currently have a $89.00 target price on the stock. Zacks‘ price target indicates a potential upside of 18.15% from the company’s current price.
Zacks‘ analyst wrote, “Green Mountain’s second-quarter 2013 adjusted earnings of $0.93 per share beat both the year-ago quarter levels as well as the Zacks Consensus Estimate by 45% and 27.4%, respectively. The earnings upswing was on the back of solid top-line growth and lower interest expense. Net sales rose 14% year over year backed by sales growth of Keurig Brewers, single serve packs (K-cups) and Keurig related accessories. Following its progress, the company raised its earnings projection for fiscal 2013. The company has also entered into several strategic distribution agreements with popular beverage companies to bring more popular brands into its portion pack systems of K-cups and Vue packs in order to increase its popularity. We are also encouraged with stabilizing coffee prices and cost reduction initiatives. Moreover, the company is upgrading its Keurig brewing technology and has launched many affordable Keurig models to attract more customers after the expiry of its patents in 2012 thus reducing competitive risk. Hence, we rate the stock as Outperform “
Several other analysts have also recently commented on the stock. Analysts at Ned Davis Research downgraded shares of Green Mountain Coffee Roasters from a “buy” rating to a “neutral” rating in a research note to investors on Monday, July 8th. Separately, analysts at KeyCorp raised their price target on shares of Green Mountain Coffee Roasters from $80.00 to $90.00 in a research note to investors on Thursday, June 20th. They now have a “buy” rating on the stock.
Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $73.25.
Green Mountain Coffee Roasters (NASDAQ: GMCR) opened at 75.33 on Friday. Green Mountain Coffee Roasters has a 52-week low of $17.71 and a 52-week high of $82.95. The stock’s 50-day moving average is currently $74.83. The company has a market cap of $11.238 billion and a price-to-earnings ratio of 28.98.
Green Mountain Coffee Roasters (NASDAQ:GMCR) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.21. The company had revenue of $1.00 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. Green Mountain Coffee Roasters has set its Q3 guidance at $0.71-0.78 EPS and its FY13 guidance at $3.05-3.15 EPS. Analysts expect that Green Mountain Coffee Roasters will post $3.16 EPS for the current fiscal year.
Green Mountain Coffee Roasters, Inc (NASDAQ: GMCR) is engaged in the specialty coffee and coffee maker businesses.
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