By midafternoon, shares have added 7.6% to $119.29, adding to an overall 58% gain since the beginning of the year. Trading volume of 7.1 million is nearly double its three-month average daily volume.
Last Wednesday, the stock had a stellar run after announcing a 10-year partnership with The Coca-Cola Company (KO) to develop an at-home cold drinks system.
Then, on Monday, the company announced it had partnered with Krispy Kreme (KKD) in a multiyear agreement to develop Krispy Kreme coffee pods for use in Green Mountain's Keurig brewing system.
"At GMCR, we're committed to partnering with the best brands in the marketplace to bring consumers the beverages they love at the touch of a button," said Green Mountain CEO Brian P. Kelley in a statement.
TheStreet Ratings team rates GREEN MTN COFFEE ROASTERS as a Buy with a ratings score of B. The team has this to say about their recommendation:
"We rate GREEN MTN COFFEE ROASTERS (GMCR) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow."