Active Stocks: Green Mountain Coffee, Whole Foods, Weight Watchers May 3rd
Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR): After Green Mountain lowered its FY12 adjusted EPS guidance, Roth Capital believes that the company continues to generate strong growth. The firm reduced its target on the shares to $70 from $120 but maintains a Buy rating. Shares of Green Mountain Coffee Roasters Inc. are trading 42.35% lower today.
Whole Foods Market, Inc. (NASDAQ:WFM): Susquehanna raised its price target on Whole Foods following strong Q2 results. The firm cited its same store sales growth, unit growth, and margin expansion. Shares are Positive rated Shares of Whole Foods Market, Inc. are trading 6.64% higher today.
Weight Watchers International, Inc. (NYSE:WTW): Wedbush lowered its estimates and price target for Weight Watchers citing slower growth and reduced margins. The firm maintains a Neutral on the stock following the company’s Q1 results. Shares of Weight Watchers International, Inc. are trading 16.13% lower today.
Kensey Nash Corporation (NASDAQ:KNSY): Kensey Nash announced that it has entered into a definitive agreement with Royal DSM (NYSE:DSM), under which DSM has agreed to acquire all of the common stock of Kensey Nash through a cash tender offer, followed by a merger with a subsidiary of DSM, for $38.50 per share in cash. DSM will commence all-cash tender offer in May. Tender Offer expected to be completed by June 30. Kensey Nash’s Board of Directors has unanimously approved the tender offer and resolved to recommend that Kensey Nash stockholders tender their shares to DSM in the tender offer. Shares of Kensey Nash Corporation are trading 32.16% higher today.
Acme Packet, Inc. (NASDAQ:APKT): After Acme Packet reported stronger than expected Q1 results, Pacific Crest thinks that the company’s demand and margin trends appear to have bottomed in Q1. The firm expects the company’s fundamentals to improve and it maintains an Outperform rating on the stock. Shares of Acme Packet, Inc. are trading 0.6% higher today.
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