Luckin Coffee (OTCMKTS:LKNCY – Get Free Report) is projected to post its results before the market opens on Wednesday, July 29th. Analysts expect Luckin Coffee to announce earnings of $0.64 per share and revenue of $2.2668 billion for the quarter.
Luckin Coffee Trading Down 0.8%
Luckin Coffee stock opened at $31.80 on Wednesday. The stock has a market cap of $9.12 billion, a P/E ratio of 19.88 and a beta of -0.33. The stock has a 50 day moving average of $31.44 and a 200-day moving average of $33.22. Luckin Coffee has a 52 week low of $27.22 and a 52 week high of $43.64.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on LKNCY shares. Jefferies Financial Group began coverage on shares of Luckin Coffee in a report on Tuesday, June 9th. They set a “buy” rating and a $43.60 price objective for the company. The Goldman Sachs Group set a $49.00 target price on shares of Luckin Coffee and gave the company a “buy” rating in a research note on Sunday, June 21st. Finally, Zacks Research raised shares of Luckin Coffee from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $48.20.
Luckin Coffee Company Profile
Luckin Coffee Inc is a China-based coffeehouse chain that combines a digitally driven ordering platform with a network of physical outlets. The company’s mobile app and in-store kiosks enable customers to place orders for takeaway or delivery, while its proprietary supply chain supports rapid store expansion and consistent product quality. Luckin’s retail portfolio includes “grab-and-go” pickup points, delivery-only kitchens and full-service cafés designed to meet the varied needs of urban consumers.
Luckin’s menu features a broad range of espresso-based drinks, including lattes, Americanos and cold brews, complemented by tea-based beverages, fruit juices and a selection of light food items such as sandwiches and pastries.
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