Green Mountain Shares Sink as Analyst Raises Concern on Possible Long-Term Margin Issues
Shares of Green Mountain Coffee Roasters (NASDAQ: GMCR) are down nearly 3 percent Monday morning following some concerning comments from research firm Detwiler Fenton.
Detwiler Fenton was cautious on Green Mountain over the long-term given potential margin pressure from competition and higher coffee prices.
The firm pointed out K-Cup sales by Starbucks (NASDAQ: SBUX) over the last month were discounted "aggressively." Detwiler confirmed promotions will not likely hurt Green Mountain or Starbucks as price reductions are often used later in the quarter to drive volume.
Starbucks shares, meanwhile, are down 0.2 percent to $58.96 at last check.
Latest Ratings for GMCR
|Oct 2014||Bank of America||Neutral|
|Oct 2014||Goldman Sachs||Initiates Coverage on||Buy|
|Aug 2014||Canaccord Genuity||Maintains||Buy|
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