Green Mountain Coffee (GMCR) Falls on Cautious Analyst Comments
Tweet
Share
E-mailGet Alerts GMCR Hot Sheet
Price: $91.67 --0%
Rating Summary:
5 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
5 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
Shares of Green Mountain Coffee Roasters (Nasdaq: GMCR) are weaker Monday following cautious comments from analysts at Bernstein.
The firm said Green Mountain's sales growth will decelerate going forward, following checks at major distributor Bed Bath & Beyond (Nasdaq: BBBY). The analyst said Green Mountain's contribution to Bed Bath & Beyond comp growth will likely to fall to approx. 50bps by FY2012 from the from current approx. 140bps. He also said K-Cups will likely to be little changed to slightly down in FY2012-FY2013.
The firm goes rate Green Mountain Coffee and has a hold an Outperform on Bed Bath & Beyond.
Shares of Green Mountain are down 2.2 percent to $49.76 in mid-day trading. The company reports its Q1 results on February 1st.
The firm said Green Mountain's sales growth will decelerate going forward, following checks at major distributor Bed Bath & Beyond (Nasdaq: BBBY). The analyst said Green Mountain's contribution to Bed Bath & Beyond comp growth will likely to fall to approx. 50bps by FY2012 from the from current approx. 140bps. He also said K-Cups will likely to be little changed to slightly down in FY2012-FY2013.
The firm goes rate Green Mountain Coffee and has a hold an Outperform on Bed Bath & Beyond.
Shares of Green Mountain are down 2.2 percent to $49.76 in mid-day trading. The company reports its Q1 results on February 1st.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi Upgrades United Microelectronics Corp (2303:TT) (UMC) to Buy 'with limited downside'
- SL Green Realty (SLG) PT Lowered to $45 at Jefferies
- Amphenol (APH) PT Raised to $130 at Evercore ISI, Remains Top Pick
Create E-mail Alert Related Categories
Analyst Comments, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
