Green Mountain Coffee (NASDAQ:GMCR) Growth Looks Good for Several Years

Carried by the broader single-cup coffee brewing market, Green Mountain Coffee (NASDAQ:GMCR) appears poised for several years of fast growth before the market matures.

Canaccord said, "We expect several years of rapid growth before household penetration rates of single-cup coffee brewing begin to mature and believe EPS can exceed $1 for each 5% market penetration...Raising F2011 revenue estimate to $2.4B from $1.9B, reflecting over $100M increase to core business forecast plus net contribution from Van Houtte...Reducing F2011 EPS estimate to $1.11 from $1.15 for deal dilution, but increasing estimate ex-amortization to $1.29 from $1.25 as amortization is driver of $0.04 EPS dilution."

Canaccord Genuity maintains a "Buy" on Green Mountain Coffee Roasters, which closed Monday at $33.05, up $1.21, or 3.80 percent. Canaccord raised their price target on them from $40 to $42.