Jefferies Lowers Numbers on Caribou Coffee (CBOU), Keeps Buy

August 7, 2012 10:16 AM EDT Send to a Friend
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Price: $15.99 --0%

Rating Summary:
    4 Buy, 3 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 24 | New: 17
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Jefferies lowered estimates and its price target on Caribou Coffee (NASDAQ: CBOU) from $22 to $16 following solid Q2 results, but weak K-cup sales and lower guidance. However, the firm maintained their Buy rating.

"Stock weak on K-Cup visibility, but we think issues are transitory (only ~15% of op profits) & see 25%+ EPS gr. in '13 on coffee tailwinds/solid fundamentals in rest of biz," the analyst comments.

FY12 EPS goes from $0.49 to $0.45 and FY13 from $0.70 to $0.60.

For an analyst ratings summary and ratings history on Caribou Coffee click here. For more ratings news on Caribou Coffee click here.

Shares of Caribou Coffee closed at $10.95 yesterday.


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