Dougherty & Co Upgrades Green Mountain Coffee Roasters (GMCR) to Buy
Tweet Send to a Friend
Get Alerts GMCR Hot Sheet
Price: $81.43 +2.69%
Rating Summary:
8 Buy, 5 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
8 Buy, 5 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade GMCR Now!
Dougherty & Co upgraded Green Mountain Coffee Roasters (NASDAQ: GMCR) from Neutral to Buy with an $80 price target.
The firm noted that "Demand for the Keurig Brewer system and K-Cups was exceptionally strong in the December quarter. Brewers achieved historically high market share, while revenue upside came from K-Cups.
Despite the revenue and earnings beat in the quarter, GMCR did not revise its fiscal year guidance and guided well below March quarter estimates. We think the lack of a guidance revision was more about numerous moving parts in the business than fundamental concerns for Q2-Q4, especially given the level of brewer placements that occurred over the holidays."
The firm also reviewed the new Vue system, which is intended to respond to consumer demands for stronger, bigger, hotter, and more (variety) beverage.
For an analyst ratings summary and ratings history on Green Mountain Coffee Roasters click here. For more ratings news on Green Mountain Coffee Roasters click here.
Shares of Green Mountain Coffee Roasters closed at $65.75 yesterday, with a 52 week range of $34.06-$115.98.
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
The firm noted that "Demand for the Keurig Brewer system and K-Cups was exceptionally strong in the December quarter. Brewers achieved historically high market share, while revenue upside came from K-Cups.
Despite the revenue and earnings beat in the quarter, GMCR did not revise its fiscal year guidance and guided well below March quarter estimates. We think the lack of a guidance revision was more about numerous moving parts in the business than fundamental concerns for Q2-Q4, especially given the level of brewer placements that occurred over the holidays."
The firm also reviewed the new Vue system, which is intended to respond to consumer demands for stronger, bigger, hotter, and more (variety) beverage.
For an analyst ratings summary and ratings history on Green Mountain Coffee Roasters click here. For more ratings news on Green Mountain Coffee Roasters click here.
Shares of Green Mountain Coffee Roasters closed at $65.75 yesterday, with a 52 week range of $34.06-$115.98.
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: BofA/Merrill Lynch Upgrades Adobe (ADBE) to Buy
- Goldman Sachs Upgrades Tanger Factory Outlet Centers (SKT) to Neutral
- Goldman Sachs Upgrades Enbridge (ENB) to Conviction Buy
Create E-mail Alert Related Categories
UpgradesRelated Entities
Earnings
Login with Facebook
Sign 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!
