Luckin Coffee (OTCMKTS:LKNCY) Issues Earnings Results

Luckin Coffee (OTCMKTS:LKNCY) released its quarterly earnings data on Monday. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.60 by $0.04, Zacks reports. Luckin Coffee had a return on equity of 25.48% and a net margin of 6.74%.

Luckin Coffee Stock Performance

OTCMKTS:LKNCY opened at $35.00 on Monday. Luckin Coffee has a 52 week low of $27.22 and a 52 week high of $43.64. The firm has a 50-day moving average price of $31.52 and a two-hundred day moving average price of $33.15. The firm has a market cap of $10.04 billion, a price-to-earnings ratio of 21.88 and a beta of -0.33.

Analysts Set New Price Targets

LKNCY has been the topic of a number of recent research reports. Jefferies Financial Group began coverage on shares of Luckin Coffee in a research note on Tuesday, June 9th. They issued a “buy” rating and a $43.60 price objective on the stock. The Goldman Sachs Group set a $49.00 price target on shares of Luckin Coffee and gave the company a “buy” rating in a research report on Sunday, June 21st. Finally, Zacks Research raised Luckin Coffee from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $48.20.

About Luckin Coffee

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.