Dallas, Texas 08/09/2013 (Financialstrend) – Green Mountain Coffee Roasters Inc (NASDAQ:GMCR), stated financial Q3 profit which poured at 59 percent because of complex sales of its single-serve coffee packages in its Keurig brewers, though top-line opening out came in at the low end of the company’s predictions. The shares of the company had recently been trading with higher volumes to attract large number of investors to the stock to earn significant returns owing to the strong third quarter results reported by the company. Lazard Capital Markets improved its price goal on shares of Green Mountain Coffee Roasters (GMCR) to $97 as sales progress of K-cups is estimated to carry on its ascendant course. In the report, Lazard kept up its buy assessment and improved its EPS educated guess. Shares of GMCR were lower by 1.5%, regardless of the report.
Mr. Ostryniec joins GMCR from H.J. Heinz Company, where he worked as Senior Vice President, Global Chief Supply Chain Officer and Quality & Chief Risk Captain since February 2010. As GMCR’s Main Product Supply Officer, a recently shaped position, he will be in charge for global manufactured goods stock including logistics, tracking down and in charge sourcing, as in good health as the good organization, quality, care and environmentally friendly organization of the business procedures.
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) made loss of 3.51% to close at $76.48 per share on Thursday with intraday activities ranging from low of $72.49 to high of $79.60 per share. The 52 week low value for the stock is at $21.33 per share and 52 week high value is at $82.95 per share. There are presently 150.53 million shares of the company outstanding in the market with institutional ownership of 94%. The transaction volume on Thursday was at 12.77 million shares with average level at 3.79 million shares per day.