Green Mountain Coffee Roasters fka GMCR

[bman17]

Green Mountain Coffee Roasters Price Target Increased to $63.00 by Analysts at Bank of America (GMCR)
May 5th, 2012 • 0 comments • Filed Under • by ABMN Staff

Green Mountain Coffee Roasters Inc. logoBank of America (NYSE: BAC) raised their price target on shares of Green Mountain Coffee Roasters (NASDAQ: GMCR) from $51.00 to $63.00 in a research note issued on Friday.

The analysts wrote, “We include ~$0.05 of amortization excluded by management; guidance for the quarter inc. amort was $0.55-$0.60. Downside drivers were: 1) $70mn of sales miss due primarily to lower than expected K-cup units (+47% y/y vs. our forecasted +65% y/y) while brewer shipments were roughly in line; 2) Gross margins were 50bps below our forecasts. FY12 EPS guidance was reduced by 15c from $2.55-$2.65 to $2.40-$2.50 (ex. amort) incorporating top line growth of 45-50% (vs. previous 60-65%). Capex guidance was reduced to $525-$575mn vs. previous ~665mn with the biggest reduction coming from packaging capabilities related to K-cups ($60mn reduction relative to previous expectations).”

Several other analysts have also recently commented on the stock. Analysts at Dougherty & Co downgraded shares of Green Mountain Coffee Roasters from a “buy” rating to a “neutral” rating in a research note to investors on Friday. They now have a $35.00 price target on the stock, down previously from $65.00. Separately, analysts at KeyBanc (NYSE: KEY) reiterated a “buy” rating on shares of Green Mountain Coffee Roasters in a research note to investors on Thursday. They now have a $45.00 price target on the stock. Finally, analysts at Piper Jaffray (NYSE: PJC) downgraded shares of Green Mountain Coffee Roasters from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $40.00 price target on the stock.

Green Mountain Coffee Roasters traded down 2.98% on Friday, hitting $25.10. Green Mountain Coffee Roasters has a 1-year low of $39.42 and a 1-year high of $115.98. The company has a market cap of $3.896 billion and a price-to-earnings ratio of 12.43.

Green Mountain Coffee Roasters last released its earnings data on Wednesday, May 2nd. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.01. The company’s quarterly revenue was up 36.7% on a year-over-year basis. Analysts expect that Green Mountain Coffee Roasters will post $0.65 EPS next quarter.

Green Mountain Coffee Roasters, Inc. (GMCR) is engaged in the specialty coffee and coffee maker businesses.

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