Looking for the best coffee stock to buy right now? Check out the differences between Starbucks and Dutch Bros before placing your orders.
Luckin Coffee (LKNCY) stock price has retreated in the past few days, moving from this month's high of $28.80 to $23.35. It has dropped by about 40% from its highest level in 2023 and is 54% below the 2019 high.
Shares of Westrock Coffee Co WEST came under pressure in early trading on Monday.
Jollibee Foods' rating is upgraded to a Buy due to the positive financial prospects for its coffee & tea segment, which in turn supports the company's ambitious long-term financial targets. The coffee & tea segment is expected to be a key driver of earnings growth and ROIC expansion for the company. The outlook for Jollibee Foods' coffee and tea segment has become more favorable with the recent acquisition of Compose Coffee and the new licensing deal for Milksha.
Luckin Coffee is a fast-growing company with over 10,000 stores in Beijing and locations in 300+ Chinese cities, showing strong revenue growth. Despite intense competition and declining margins, Luckin Coffee remains a growth company with a current ratio of 1.33, indicating financial flexibility. Trading at a P/E ratio of 16.09, Luckin Coffee is attractively priced for growth investors, with expected revenue of $4.66 billion this year.
Coffee Holding reported decent Q3/FY2024 results, with gross margins reaching new multi-year highs and strong cash generation. Subsequent to quarter-end, the company repaid all outstanding amounts under its credit facility and expects to remain debt-free going forward. With management projecting continued cash generation, even a resumption of quarterly dividends could be on the table.
BioHarvest Sciences Inc. (CSE:BHSC, OTC:CNVCF) announced that it has surpassed US$1 million in sales for its VINIA Superfood Coffee and Decaf Coffee, its “functional” coffee product line integrating its flagship red-grape-based nutraceutical product VINIA. The company's VINIA Superfood Coffee is made with 100% Arabica beans and its flagship VINIA mix of red grape polyphenols, which BioHarvest highlighted improve physical energy and mental alertness via increased dilation of the arteries and blood flow when consumed every day for 90 days.
As one of the most consumed beverages in the world, coffee stocks have become a go-to investment for investors seeking high returns. Originating in Africa, coffee has evolved through three distinct waves to become an integral part of our lives.
Most of the market had grown worried about the fate of consumer discretionary stocks, especially after realizing that the U.S. consumer is now suffering more and more from stickier inflation rates. While this may have some traction, fear is often not real when it comes to a certain group of stocks within this space, with more than just sound financial momentum behind them.
And if you've got enough energy, please join us as we also talk about headsets, ocean cruises, and retirement.
The Philippines' biggest fast-food chain Jollibee Foods will acquire a majority stake in South Korea's Compose Coffee, as part of a deal valuing the target at $340 million, the company said on Tuesday.
The market is mesmerized by Dutch Bros' huge growth plans, as the stock's steep valuation shows. Given its disappointing recent financial update, investors are souring on the industry's leading enterprise.