Green Mountain Coffee Roasters Flying Higher (GMCR)

Green Mountain Coffee Roasters (NASDAQ: GMCR) reported earnings yesterday after the closing bell, beating Wall Street expectations. The company reported EPS of $0.19 compared to analysts' consensus estimates of $0.18. Sales were up 64% year over year, to $311 million. This compared to consensus of $308 million.

In the wake of the earnings report, analysts at Piper Jaffray raised their earnings estimates and price target on the stock. The new price target is $37 compared to a previous target of $30. The firm has an Overweight rating on the stock.

During today's trading session, GMCR has climbed 9.49% to $31.39. Volume has been very heavy. In the last 3 months, the shares have climbed 21.48%. Year-to-date, GMCR has gained nearly 16%.