Here’s Why Coffee Stocks are Losing Their Mojo

Dunkin’ Brands Group, Inc. (NASDAQ:DNKN) — the holding company of Dunkin Donuts and Baskin-Robbins — announced its Q3 earnings numbers. Net income came in at $7.4 million, lower due to one-time expenses in connection with the Company’s IPO and the linked redemption of $375 million in senior notes. Total revenues were 163.5 million against analyst estimates of $159.23 million. Earnings per share were $0.28 against $0.24 last year and $0.25 estimated by analysts.

The company also announced that some of its stockholders are proposing a secondary offering to sell 22 million shares common stock with the underwriters having an option to purchase an additional 3.3 million shares from these stockholders. No part of the sale proceeds will accrue to the company, as no shares are being sold by it.

Here’s how coffee stocks are trading now:

  • Dunkin’ Brands Group Inc. (NASDAQ:DNKN): The shares recently traded at $27.44, down $1.67, or 5.74%. Its market capitalization is $3.30 billion. They have traded in a 52-week range of $24.97 to $31.94. Volume today was 846,564 shares versus a 3-month average volume of 826,702 shares. The company’s trailing P/E is 39.54, while trailing earnings are $0.69 per share. About the company: The owner of Dunkin’ Donuts Baskin-Robbins has more than 14,800 points of distribution in 44 countries, and approximately 120 years of combined history.
  • Starbucks Corp. (NASDAQ:SBUX): The shares recently traded at $41.00, down $1.36, or 3.21%. Its market capitalization is $30.59 billion. They have traded in a 52-week range of $28.44 to $43.43. Volume today was 2,428,847 shares versus a 3-month average volume of 8,544,680 shares. The company’s trailing P/E is 26.96, while trailing earnings are $1.52 per share. The company pays a dividend of $0.52 per share for a dividend yield of 1.20%. About the company: Starbucks Corporation retails, roasts, and provides its own brand of specialty coffee. The Company operates retail locations worldwide and sells whole bean coffees through its sales group, direct response business, supermarkets, and on the World Wide Web. Starbucks also produces and sells bottled coffee drinks and a line of ice creams.
  • Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR): The shares recently traded at $62.68, down $2.34, or 3.6%. Its market capitalization is $9.60 billion. They have traded in a 52-week range of $29.55 to $115.98. Volume today was 3,370,664 shares versus a 3-month average volume of 5,294,250 shares. The company’s trailing P/E is 60.62, while trailing earnings are $1.03 per share. About the company: Green Mountain Coffee Roasters, Inc. roasts Arabica coffees and offers various coffee selections. The Company’s products include single-origin, estate, certified organic, Fair Trade, signature blends, and flavored coffees sold under the Green Mountain Coffee Roasters brand. Green Mountain serves offices, supermarkets, and convenience stores, and operates a direct mail business.
  • Peet’s Coffee & Tea Inc. (NASDAQ:PEET): The shares recently traded at $62.55, down $1.17, or 1.84%. Its market capitalization is $807.46 million. They have traded in a 52-week range of $37.34 to $65.00. Volume today was 94,554 shares versus a 3-month average volume of 178,198 shares. The company’s trailing P/E is 40.54, while trailing earnings are $1.54 per share. About the company: Peet’s Coffee & Tea Inc. markets fresh roasted whole bean coffee. The Company distributes its products through specialty grocery and gourmet food stores, mail order, and office and restaurant accounts.
  • Caribou Coffee Company, Inc. (NASDAQ:CBOU): The shares recently traded at $13.35, down $0.3, or 2.2%. Its market capitalization is $276.87 million. They have traded in a 52-week range of $8.50 to $17.40. Volume today was 121,359 shares versus a 3-month average volume of 675,520 shares. The company’s trailing P/E is 8.04, while trailing earnings are $1.66 per share. About the company: Caribou Coffee Company Inc is a company-owned gourmet coffeehouse operator. The Company offers high-quality gourmet coffee and espresso-based beverages, specialty teas, baked goods, whole bean coffee, and branded merchandise.
  • Coffee Holding Co.Inc. (NASDAQ:JVA): The shares recently traded at $9.67, down $0.77, or 7.38%. Its market capitalization is $53.14 million. They have traded in a 52-week range of $3.67 to $30.98. Volume today was 554,026 shares versus a 3-month average volume of 1,163,930 shares. The company’s trailing P/E is 17.58, while trailing earnings are $0.55 per share. The company pays a dividend of $0.12 per share for a dividend yield of 1.10%. About the company: Coffee Holding Co., Inc. is a wholesale coffee roaster and dealer. The Company’s primary business is roasting, blending, packaging, and distributing coffee for sale under private labels and their own brands for companies throughout the United States and Canada. Coffee Holding also sells unprocessed green coffee to specialty gourmet roasters and sells branded coffee.

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