Green Mountain Coffee Roasters (NASDAQ: GMCR)‘s stock had its “outperform” rating reiterated by Zacks in a research note issued to investors on Friday, AnalystRatingsNetwork.com reports. They currently have a $91.00 price target on the stock.

Zacks‘ analyst wrote, “Green Mountain delivered a robust second quarter 2013 adjusted earnings of $0.93 per share that surpassed the year-ago quarter earnings by 45%. It also beat the Zacks Consensus Estimate by 27.4% on the back of solid top-line growth and lower interest expense. Net sales rose 14% to $1.0 billion from $885.1 million in the comparable prior-year quarter, backed by a 16% sales growth of Keurig Single Cup Brewers, single serve packs (K-cups) and Keurig related accessories. The company has also entered into several strategic distribution agreements with Starbucks and Unilever North America to rope-in more popular brands into its portion pack systems of K-cups and Vue packs. We are also encouraged with the stabilizing coffee prices and its strong brand portfolio. Apart from upgrading its Keurig brewing technology, it has launched many affordable Keurig models to attract more customers. Following its progress the company also raised its earnings projection for fiscal 2013. Hence we maintain an Outperform rating on the stock “

Other equities research analysts have also recently issued reports about the stock. Analysts at Roth Capital raised their price target on shares of Green Mountain Coffee Roasters from $67.00 to $80.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at KeyBanc raised their price target on shares of Green Mountain Coffee Roasters from $70.00 to $80.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Green Mountain Coffee Roasters from $65.00 to $73.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock.

Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $66.55.

Shares of Green Mountain Coffee Roasters (NASDAQ: GMCR) traded up 0.88% during mid-day trading on Friday, hitting $76.71. Green Mountain Coffee Roasters has a 52 week low of $17.11 and a 52 week high of $59.30. The stock’s 50-day moving average is currently $54.76. The company has a market cap of $11.423 billion and a P/E ratio of 29.26.

Green Mountain Coffee Roasters (NASDAQ: GMCR) last released its earnings data on Wednesday, May 8th. The company reported $0.93 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.21. The company had revenue of $1.00 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company posted $0.64 earnings per share. Green Mountain Coffee Roasters’s revenue was up 13.5% compared to the same quarter last year. Green Mountain Coffee Roasters has set its Q3 guidance at $0.71-0.78 EPS and its FY13 guidance at $3.05-3.15 EPS. Analysts expect that Green Mountain Coffee Roasters will post $2.84 EPS for the current fiscal year.

Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) is engaged in the specialty coffee and coffee maker businesses.

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