SunTrust Robinson Humphrey Reiterates Neutral Rating, $80 PT on Green Mountain Coffee Roasters on Caution Ahead of 4Q13 Report

In a report published Tuesday, SunTrust Robinson Humphrey analyst William B. Chappell Jr. reiterated a Neutral rating and $80.00 price target on

. In the report, SunTrust Robinson Humphrey noted, “We are cautious in front of the 4Q13 earnings report on Wednesday November 20 AMC. We are comfortable that the company will exceed our/Street revenue estimates ($970M/$964M) due to pre-holiday inventory build and beat EPS estimates ($0.76/$0.75) due to favorable green coffee costs. However, we are worried that the optics of the quarter (K-Cup growth, pricing) could be mixed. Additionally, we believe the FY14 guidance could be more 2H loaded than the Street estimates reflect, which could spook the stock.” Green Mountain Coffee Roasters closed on Monday at $63.41.