Keurig Green Mountain’s “Hold” Rating Reaffirmed at Credit Suisse
Credit Suisse restated their hold rating on shares of Keurig Green Mountain (NASDAQ:GMCR) in a research note issued to investors on Friday.
“We reduce our F2015 and F2016 revenue growth estimates by 50bps to 11.2% and 10.8%, respectively, reflecting a deceleration in K-Cup sales in food, drug, and mass (FDM) channels in the most recent four-week period, including GMCR-owned brands up 0.7% y/y, the lowest-ever rate of growth. We anticipate further pressure on K-Cup sales as GMCR and select license partners increase prices high single-digits to offset coffee cost inflation (~20% of COGS).,” the firm’s analyst commented.
Keurig Green Mountain (NASDAQ:GMCR) traded up 1.12% on Friday, hitting $138.02. 1,100,007 shares of the company’s stock traded hands. Keurig Green Mountain has a 1-year low of $74.44 and a 1-year high of $158.87. The stock’s 50-day moving average is $136.3 and its 200-day moving average is $132.. The company has a market cap of $22.360 billion and a P/E ratio of 36.49. Keurig Green Mountain also was the target of some unusual options trading on Thursday. Investors bought 24,341 call options on the stock. This is an increase of approximately 333% compared to the average volume of 5,620 call options.
Keurig Green Mountain (NASDAQ:GMCR) last announced its earnings results on Wednesday, November 19th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.77 by $0.13. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis.
A number of other analysts have also recently weighed in on GMCR. Analysts at Morgan Stanley initiated coverage on shares of Keurig Green Mountain in a research note on Thursday. They set an overweight rating and a $160.00 price target on the stock. Separately, analysts at Williams Capital raised their price target on shares of Keurig Green Mountain from $131.00 to $151.00 in a research note on Wednesday, December 10th. They now have a buy rating on the stock. Finally, analysts at Argus raised their price target on shares of Keurig Green Mountain from $140.00 to $164.00 in a research note on Tuesday, December 2nd. They now have a buy rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $149.33.
Keurig Green Mountain, Inc, formerly Green Mountain Coffee Roasters, Inc, is a specialty coffee and coffeemaker businesses in the United States and Canada.