We have maintained our Neutral rating on Peet’s Coffee & Tea, Inc. (NASDAQ:PEET) with a target price of $67.00 following first quarter 2012 results.
Peet’s delivered operating earnings of 25 cents per share in the first quarter of 2012, which missed both the Zacks Consensus Estimate and the prior-year earnings of 31 cents and 41 cents per share, respectively. The first quarter results plunged owing to high input costs, especially for coffee.
We are encouraged by Peet’s strategy to sell … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards