Stephens Starts Stock Coverage on Caribou Coffee Company (CBOU)

By admin | 6 years ago

Equities researchers at Stephens assumed coverage on shares of Caribou Coffee Company (NASDAQ: CBOU) in a report issued on Tuesday. The firm set an “overweight” rating on the stock.

Shares of Caribou Coffee Company traded up 2.60% during mid-day trading on Tuesday, hitting $10.66. Caribou Coffee Company has a 52 week low of $9.03 and a 52 week high of $18.84. The company has a market cap of $224.9 million and a P/E ratio of 17.67.

Caribou Coffee Company last announced its earnings results on Thursday, May 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, analysts predict that Caribou Coffee Company will post $0.11 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Dougherty & Co upgraded shares of Caribou Coffee Company from a “neutral” rating to a “buy” rating in a research note to investors on Monday, May 14th. They now have a $15.00 price target on the stock. Separately, analysts at Jefferies Group (NYSE: JEF) reiterated a “buy” rating on shares of Caribou Coffee Company in a research note to investors on Friday, May 4th.

Caribou Coffee Company, Inc. (Caribou) is engaged in operating coffeehouse in the United States. The Company is a majority-owned subsidiary of Caribou Holding Company Limited.

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