Coffee Stocks Get Burned By Green Mountain Downgrade (FARM, CBOU, SBUX, GMCR, PEET)
by Jason Smith | April 30th | Filed in: Stock Sector News
Green Mntn Coffee Roaster (GMCR) is off by another -6% today after receiving a downgrade to Neutral from Buy at Dougherty. The analyst lowered its price target to $80 from $100, noting that confidence in a return to 75% K-Cup growth in the second half is not as high as the firm would need to justify buying the stock. Green Mountain shares got hammered earlier this week after the company offered disappointing guidance in its first-quarter earnings report. The stock is currently a laggard among components of the Coffee Stocks Index over the past week, of by -16%. Farmer Bros (FARM) and Caribou Coffee Company (CBOU), the latter of which has K-Cup offerings, are both off by more than -1.5% in the coffee stock sell-off. Meanwhile, other tickerspy member favorites Starbucks (SBUX) and Peet’s Coffee & Tea (PEET) are also hanging in the red. Across all of tickerspy’s Indexes, the Coffee Stocks Index is ranked 214 in performance over the last month. To see a performance graph, Index components, and dividend and valuation metrics, visit the Coffee Stocks Index at tickerspy.com.
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