K-Cup Growth Slows Into Chirstmas, But Positive Signs Seen (GMCR)
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Price: $91.67 --0%
Rating Summary:
5 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
5 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Shares of Green Mountain Coffee Roasters (NASDAQ: GMCR) are mildly lower Thursday after a read-through from Nielsen data on K-cups trends.
K-Cup sales grew by 38.6% year-over-year in the 4-week period ending December 22nd, versus 54.2% growth in November, SunTrust Robinson analyst William Chappell noted. The deceleration in sales growth was expected, however, given tough comps as a result of the Starbucks rollout last year.
On pricing, higher priced K-Cups lead to a 0.6% year-over-year increase in prices which comes despite unlicensed K-Cups making their ways into stores.
The firm reiterated a Buy rating and $45 price target on GMCR.
Shares of Green Mountain last traded at $43.18, down 0.7%.
K-Cup sales grew by 38.6% year-over-year in the 4-week period ending December 22nd, versus 54.2% growth in November, SunTrust Robinson analyst William Chappell noted. The deceleration in sales growth was expected, however, given tough comps as a result of the Starbucks rollout last year.
On pricing, higher priced K-Cups lead to a 0.6% year-over-year increase in prices which comes despite unlicensed K-Cups making their ways into stores.
The firm reiterated a Buy rating and $45 price target on GMCR.
Shares of Green Mountain last traded at $43.18, down 0.7%.
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