Green Mountain Coffee Roasters Up 18.4% After Hitting 52-Week High (GMCR)

Shares of Waterbury, Vermont-based Green Mountain Coffee Roasters Inc. GMCR are trading up 18.4% at $39.01 per share during the Thursday morning trading session. The day's trading range for shares of Green Mountain Coffee Roasters Inc has been between $37.30 and $39.35 per share. Analysts covering the company's stock give it a consensus price target of $41.57 per share. Volume of 8 million shares is already more than double the daily average volume of 3.6 million shares. Green Mountain Coffee Roasters Inc. (GMCR) announced on after the market closed on Wednesday that it beat consensus Wall Street expectations. Green Mountain Coffee Roasters Inc announced 1st quarter adjusted earnings of 18 cents per share, on revenue of $575.0 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 16 cents per share, on revenue of $543.71 million. President and CEO Lawrence J. Blanford said, “With increasing consumer adoption, the Keurig Single-Cup Brewing System, our growing family of brands, and K-Cup portion pack products are changing the way North America prepares and enjoys its coffee and other beverages.” The company maintained its 2011 adjusted earnings guidance in the range of $1.19 to $1.29 per share. Green Mountain Coffee Roasters Inc is a leader in specialty coffee and coffee makers and is recognized for its award-winning coffees, innovative brewing technology, and socially responsible business practices. Read more from Benzinga's Company news.