This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

6 Food Stocks That Could Rise

2. Green Mountain Coffee Roasters engages in the specialty coffee and coffee-making business with two operating segments: Specialty Coffee business unit (SCBU) and the Keurig business unit (Keurig).

Sales for the third quarter of 2011 increased 127% to $717.2 million from the year-ago period. Net income for the quarter grew to $56.3 million, or 37 cents per diluted share, compared to $18.4 million, or 13 cents per share, in the year-earlier quarter. Since the company's stock offering closed on May 11, cash and short-term cash investments stood at $106.8 million, as of June 25, 2011, up from $64.5 million as of March 26.

While rating the stock medium bullish, a Bedford report cites the company's licensing deals in the past one year to sell coffee refills under nearly all the major U.S. coffee brands, including Folgers, Starbucks and Dunkin' Brand's (DNKN) Dunkin' Donuts.

For the fourth quarter of 2011, the company estimates consolidated net sales growth of 100% to 105%, while non-GAAP diluted earnings per share are seen at a range of 44 cents to 48 cents. Full-year net sales have been raised to a range of 98% to 100% from the earlier 82% to 87%. Excluding any acquisition-related transaction expenses, non-GAAP earnings per share are forecast between $1.63 and $1.67.

Of the 11 analysts covering the stock, 73% rate it a buy and 18% rate it a hold.

The average 12-month price target of analysts polled by Bloomberg is $121.50, 20.6% greater than recent levels.

6 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
DOLE $0.00 0.00%
FDP $37.94 0.00%
GMCR $90.76 0.00%
SBUX $51.48 0.00%
THS $70.05 0.00%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs