Analyst Warns of Slowing K-Cup Sales in Office Segment; Green Mountain (GMCR) Shares Touch Three-Year Low

Article Stock Quotes (1) Comments (0)

Shares of Green Mountain (Nasdaq: GMCR) are now down almost 3.8 percent from session highs as earlier comments from an analyst at Detwiler Fenton seem to be weighing on the stock Thursday. Now trading below $20.50, Green Mountain shares have not been near this level since 2009.

Citing recent channel checks, the analyst warned of a slowdown in K-Cup sales specifically within the office coffee service segment during May. The firm had previously been expecting a slowdown in this category in June. According to Detwiler, office distributors may be tapping non-licensed K-Cup wholesalers. Green Mountain may need to start paying "slotting fees" to some of the bigger grocery chains starting as early as this fall.

Visit our Analyst Ratings page to track all the market-moving analyst calls on shares of Green Mountain.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Vanda Pharmaceuticals (VNDA) Opens Higher; Lazard Raises PT to $17
• Morgan Stanley Says Tesla (TSLA) 'Top Pick in U.S. Autos'
• SolarCity (SCTY) is 'Hot, Hot, Hot', But Questions About Financing Deal Raised

Create E-mail Alert Related Categories

Analyst Comments, Momentum Movers

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?