Analyst Worried About Increasing Competition for Green Mountain's (GMCR) K-Cups
Get 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: 11
Rating Summary:
5 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE
Shares of Green Mountain (Nasdaq: GMCR) will likely be under pressure Wednesday as a Stifel Nicolaus analyst issued a warning shot on increasing competition in the K-Cup market.
The firm's Mark Astrachan cited recent channel checks which suggest several concerning developments.
With the stock down about 1.9 percent to $44.53 at last check, the firm's price target implies potential downside of about 21 percent.
Visit our Analyst Ratings page to track all the market-moving analyst action on shares of Green Mountain.
The firm's Mark Astrachan cited recent channel checks which suggest several concerning developments.
- Rogers Family San Francisco Bay OneCups took up "material" shelf space in several grocery stores and Costcos (Nasdaq: COST) on the west coast. Astrachan said distribution could soon expand across the nation.
- Private label Keurig-compatible brewers at Safeway (NYSE: SWY) and Ingles Market were found, indicating retailers are becoming more open to non-Green Mountain brands.
- Numerous Big Lots (NYSE: BIG) stores had several best-selling K-Cup stock keeping units at a 25 percent discount compared to normal retail prices.
- Scanner data from Symphony IRI showed K-Cup sales growth decelerated by 49 percent over the second quarter.
With the stock down about 1.9 percent to $44.53 at last check, the firm's price target implies potential downside of about 21 percent.
Visit our Analyst Ratings page to track all the market-moving analyst action on shares of Green Mountain.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Safran SA (SAF:FP) (SAFRY) PT Raised to EUR211 at Citi, 'remain positive on the aftermarket'
- Home Depot's deal 'likely a positive for BECN" - Stifel Reiterates Beacon (BECN) at Buy
- UPS (UPS) PT Lowered to $150 at HSBC, 'on lower multiple to reflect continued de-rating'
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
StifelSign 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!