Green Mountain Coffee Roasters, Inc

The Zacks Rank Buys featured last week were: Activision Blizzard, Inc. (ATVI - Snapshot Report), ITT Educational Services, Inc. (ESI - Snapshot Report), Hot Topic, Inc. (HOTT - Analyst Report), and Open Text Corp. (OTEX - Snapshot Report).

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Green Mountain Coffee Roasters, Inc. (GMCR - Analyst Report) continues to post impressive numbers as consumers switch to more cost efficient choices for their coffee.

Company Description

Green Mountain Coffee Roasters, Inc is a prominent fixture in the specialty coffee industry. The company sells a wide variety of coffee blends commercially and direct to customers in addition to teas, hot cocoa, and Keurig brewing products. Green Mountain is a socially responsible company headquartered in Waterbury, Vermont and has a market cap of approximately $1 billion.

The Growth Continues

On January 28 Green Mountain reported first-quarter results for fiscal 2009 that included a 56% increase in net sales. Sales were $197 million, up from $126 million. This figure translated to a net income of $14.4 million, almost 4 times the first quarter of 2008.

Earnings per share came in at 56 cents, compared to the consensus of 36 cents and last years figure of 12 cents. This is the fifth consecutive surprise for the company that only has one earnings miss in the past 5 years.

Analyst forecasts for full-year 2009 are averaging $1.28, a 47% year-over-year growth. The consensus for 2010 is up to $1.61, a 26% growth.

CEO is Bullish

In the press release President and CEO, Lawrence Blanford, said "Even in a difficult consumer economy, GMCR is driving significant top and bottom line growth with innovative products that have tremendous consumer appeal and are positioned at the intersection of quality and value. Our success is driven by the winning combination of our outstanding coffees and the Keurig Single-Cup Brewing System."

The Chart

Shares of GMCR broke through resistance at $40 after several attempts. The stock will look to continue the momentum that has built up since November and use the $40 level as support. Take a look at the chart below.

Read the November 24th Feature Here

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Read the full analyst report on GMCR