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Peet's Coffee & Tea, Inc.

5/23/2013, 3:42 PM ET

Quote & Headlines Market Currents StockTalk

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Monday, April 15, 3:27 PM Is Green Mountain Coffee Roasters (GMCR -4.4%) gaining enough market share to compensate for lower K-cup prices? That's the question that could be answered when the company reports earning on May 8 and also has importance in evaluating the next couple of quarters. Sector watch: The company - along with peers (KRFT, SJM, PEET, DNKN) - received a bit of a jolt when Starbucks dropped the pricing on its 12-ounce bagged coffee by a dollar to $8.99. 3 Comments [Consumer]
Friday, April 12, 3:25 AM A consortium led by Joh A Benckise (JAB) has agreed to acquire D.E. Master Blenders 1753 for €12.50 a share in a deal that values the maker of Douwe Egberts coffee and Pickwick tea at €7.5B. The price is lower than the €12.75 mentioned when the sides first disclosed talks about a transaction in March. The purchase would add to JAB's stakes in Peet's (PEET) and Caribou Coffee (CBOU). (PR) Comment! [M&A, Breaking News, Top Stories, Consumer]
Thursday, April 11, 8:24 AM Joh. A. Benckiser is reported to be set to finalize its bid for D.E. Masters Blenders with bank financing in place. The coffee company already holds a stake in Peet's (PEET) and Caribou Coffee (CBOU). Comment! [Global & FX, Consumer, M&A]
Thursday, March 28, 7:02 AM D.E. Master Blenders is in buyout talks with a group of private investors led by Joh. A. Benckiser. for a deal price close to €7.6B ($9.7B). Benckisers already owns stakes in coffee players Peet's (PEET) and Caribou Coffee (CBOU). Shares of D.E. Master Blenders are up 26% in Amsterdam trading. Comment! [Consumer, M&A]
Thursday, March 21, 9:29 AM Coffee watch: Coffee futures (chart) continue to drift lower this year. Though some relief for bagged coffee sellers on wholesale costs is already built into estimates, the margin boost could be even better than expected. A long-term trend to watch is demand in India where the emerging coffee scene could be a disrupter to pricing if sales soar. Coffee players: DNKN, SBUX, GMR, PEET, KRFT, SJM. Comment! [Consumer, Commodities]
Friday, October 26, 2012, 6:16 PM Coherent (COHR) is active in the post-session as the laser manufacturer moves into the S&P SmallCap 600 index today, replacing Peet's Coffee & Tea (PEET). Comment! [Tech, Consumer]
Thursday, August 2, 2012, 6:22 PM Peet's Coffee & Tea (PEET): Q2 EPS of $0.30 misses by $0.03. Revenue of $95.4M (+5.3% Y/Y) misses by $2M. Shares -2.2% AH. (PR) Comment! [Earnings, Consumer, On the Move]
Monday, July 30, 2012, 8:00 AM Shares of Peet's Coffee (PEET) keep floating above the buyout mark of $73.50 per share as investors continue to bet on a better offer coming down the pipeline. Wall Street chatter: Starbucks (SBUX) entering the fray with a bid of $80/share. Comment! [Consumer]
Monday, July 23, 2012, 9:06 AM Peet's Coffee (PEET) is being acquired by German holding company Joh A. Benckiser for $73.50/share in cash, or $1B. The price represents a 28.6% premium to Peet's Friday close. Shares are halted. SBUX -3.1%, lower with the market. GMCR +5.4%. JVA +16.4%. DNKN could also be volatile. 8 Comments [Consumer, On the Move, M&A, Breaking News]
Thursday, July 19, 2012, 11:31 AM African safari: Execs with coffee companies are looking to the depths of Sudan to find a new coffee bean that will support increased production and be climate-resistant. Demand has been outpacing supply in the industry, keeping coffee players such as SBUX, GMCR, PEET, and JVA eager to reign in commodity prices with a magic new bean. 4 Comments [Consumer, Commodities]
Monday, July 2, 2012, 12:15 PM Coffee names fall out of favor with investors as Green Mountain Coffee Roasters (GMCR -1.6%), Starbucks (SBUX -1.4%), Peet's (PEET -2.9%), and Coffee Holding (JVA -1.5%) all rack up losses for the day. It's the demand side of the supply and demand matrix that draws concern, with the conventional wisdom that says consumers will pay premium prices for coffee through thick and thin starting to get turned on its head. 4 Comments [Consumer, On the Move]
Friday, June 22, 2012, 2:07 PM Shares of Peet's (PEET -4.3%) continue to stumble on concerns that the company will miss out on bagged coffee sales as the single-serve market matures. Valuation compared to peers has also raised a few eyebrows, after Green Mountain Coffee Roasters lowered the bar for the sector. Comment! [On the Move, Consumer]
Thursday, June 21, 2012, 12:24 PM Coffee stocks trade lower as a group after arabica coffee futures march up and analysts say uncooperative weather in India could cut into this year's harvest and potential export tallies from the nation: Decliners: GMCR -5.1%, JVA -1.6%, SBUX -1.4%, PEET -7.3%. 1 Comment [On the Move, Consumer]
Tuesday, June 19, 2012, 7:07 AM Analysts expect coffee sellers could see two years of a favorable commodity cost environment as Brazil's arabica crop remains extremely strong. Though the benefit should be significant for margins, because coffee companies contract for delivery well in advance it will be FY13 and FY14 that will see the biggest effect. Looking for a boost: GMCR, DNKN, SBUX, CBOU, PEET. Comment! [Consumer]
Wednesday, May 23, 2012, 10:44 AM Starbucks (SBUX +1.2%) catches an upgrade from BofA to Buy from Neutral with an improved price target of $68, as analysts see the recent 14% pullback in shares as overdone. The action seems to be tipping over to hold a bit of sway over sector rivals. GMCR +0.6%, CBOU +0.6%, PEET +1.4%. 2 Comments [Consumer]
Monday, May 21, 2012, 9:53 AM Archer Consulting sees the premium that arabica coffee commands over robusta beans falling by 50% to its lowest level since 2009. While packaged sellers Kraft and J.M. Smucker have dropped prices already (I, II), mum is the word so far from Starbucks (SBUX +0.5%), Green Mountain Coffee Roasters (GMCR -1.8%), and Peet's Coffee & Tea (PEET -0.3%). Comment! [Consumer]