Editor’s Note: Related tickers: Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), Coffee Holding Co., Inc. (NASDAQ:JVA), Starbucks Corporation (NASDAQ:SBUX), Dunkin Brands Group Inc (NASDAQ:DNKN), Groupon Inc (NASDAQ:GRPN)
Green Mountain Gains After Raising Forecast on K-Cups (Bloomberg)
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), the maker of Keurig single-serve brewers, rose to the highest price in more than a year after boosting its profit forecast on higher K-Cup sales and announcing an expanded partnership with Starbucks Corporation (NASDAQ:SBUX)…Profit excluding certain items in the year ending in September will be as much as $3.15 a share, up from a previous forecast for a maximum of $2.82, Green Mountain said in a statement yesterday. Analysts, on average, projected $2.85. Starbucks Corporation (NASDAQ:SBUX) also announced yesterday it will add K-Cup brands including Seattle’s Best Coffee in a five-year agreement with Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR).
Green Mountain, Groupon soar after-hours on earnings (USAToday)
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) and Groupon Inc (NASDAQ:GRPN) are giving investors even more to cheer for after stocks already ended the day at new closing highs. Shares of both of companies soared more than 10% in after-hours trading as investors saw things they liked in their quarterly earnings reports and Green Mountain struck a key deal with Starbucks Corporation (NASDAQ:SBUX). Shares of Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) were up nearly 11% in after-hours trading, following its gain of 92 cents to $59.48 in regular trading. The company behind the dominant Keurig single-cup coffee makers reported 14% higher revenue of $1.0 billion. The company’s net income soared 42% to $132.4 million or 93 cents a share on an adjusted basis. That profit topped analysts’ expectations by 27%.
Top Gainers in After-hours Today, May 8 (MarketsNTrade)
These are the stocks gaining the most in after-hours trading on, Wednesday, May 08, 2013. …Coffee Holding Co., Inc. (NASDAQ:JVA) is currently trading at $7.28 up 6.4% in after-hours on 20770 shares traded. JVA is trading -0.20% below its 50 day moving average and -0.32% below its 200 day moving average. JVA is -23.62% below its 52-week high and 41.88% above its 52-week low. Coffee Holding Co., Inc. (NASDAQ:JVA)’s PE ratio is 18.32 and their market cap is $43.19M. Coffee Holding Co., Inc. (NASDAQ:JVA) is an integrated wholesale coffee roaster and dealer in the United States. Its core products are divided into three categories: Wholesale Green Coffee; Private Label Coffee; and Branded Coffee.
Annual outlook Increased by Green Mountain Coffee (TickerReport)
The makers of single serve coffee brewers, Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), increased its complete year outlook for earnings Wednesday following its better than expected second quarter earnings. Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) is the maker of the single-serve Keurig coffee brewers and the special K-Cups used in them. The company said it had also expanded its business agreement with Starbucks Corporation (NASDAQ:SBUX), which with the earnings report, helped push the price of its stock up more than 16% in afterhours trading. The new agreement with Seattle-based Starbucks is for 5 years and replaces one that was scheduled to run through most of 2014. This new agreement triples the number of drinks Starbucks Corporation (NASDAQ:SBUX) will offer in K-Cups.
Starbucks Receives “Buy” Rating from TheStreet (SBUX) (Zolmax)
TheStreet reiterated their buy rating on shares of Starbucks Corporation (NASDAQ:SBUX) in a research report sent to investors on Friday morning, StocKRatingsNetwork.com reports. “Starbucks Corporation (NASDAQ:SBUX) has been reiterated by TheStreet Ratings as a buy with a ratings score of A+. The company’s strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”,” the firm’s analyst wrote. Starbucks Corporation (NASDAQ:SBUX) traded down 0.19% on Friday, hitting $62.15. Starbucks has a 1-year low of $43.04 and a 1-year high of $61.15. The stock’s 50-day moving average is currently $57.73. The company has a market cap of $46.532 billion and a price-to-earnings ratio of 31.64.
Ex-Starbucks Worker Sues Over Disability Bias, Rape Jokes (Law360)
Coffee giant Starbucks Corporation (NASDAQ:SBUX) turned its back on a longtime worker with a medical condition that causes sudden fainting, leaving her to face derision due to her health as well as repeated sexual harassment before eventually firing her, according to a lawsuit filed Monday in Brooklyn, N.Y. Male employees at a Starbucks in Cobble Hill, Brooklyn, had a “game” in which in which they bent over and pinned women between their rear ends and a wall, a practice that was known as getting “ass raped,” and they openly referred to a dark, isolated storage space in the store’s basement as the “rape room,” ex-Starbucks employee Kari Smith claims.
Dunkin Brands Group Given New $43.00 Price Target at Miller Tabak (DNKN) (Zolmax)
Equities researchers at Miller Tabak raised their target price on shares of Dunkin Brands Group Inc (NASDAQ:DNKN) from $40.00 to $43.00 in a report issued on Wednesday, Analyst Ratings Network reports. The firm currently has a “hold” rating on the stock. Dunkin Brands Group Inc (NASDAQ:DNKN) opened at 41.15 on Wednesday. Dunkin Brands Group Inc (NASDAQ:DNKN) has a 52-week low of $27.93 and a 52-week high of $40.00. The stock’s 50-day moving average is currently $37.71. The company has a market cap of $4.451 billion and a price-to-earnings ratio of 43.78.
Dunkin’ Brands: Mobile is the center of marketing strategy (QSRWeb)
Dunkin Brands Group Inc (NASDAQ:DNKN)’ Donuts and Baskin-Robbins continue to get a lot of play out of traditional marketing channels — television, outdoor, radio and point of purchase — despite the staggering growth from digital channels. That said, however, mobile has emerged as the center of parent company Dunkin Brands Group Inc (NASDAQ:DNKN) marketing strategy, according to John Costello, president, Global Marketing and Innovation. Costello spoke about the mobile/digital initiatives, including a loyalty launch later this year, during today’s Investor Day in Boston.