Coffee News: Green Mountain Coffee Roasters Inc. (GMCR), Coffee Holding Co., Inc. (JVA) & More

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 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.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!