Peet’s Coffee & Tea, Inc (NASDAQ:PEET) is being taken private by a German conglomerate for almost $977.6 million.
Privately owned Joh A. Benckiser, which invests in consumer goods brands, would pay $73.50 a share, a 29% premium to Peet’s ending stock price of $57.16 on Friday. The corporation reported on Monday the deal was valued almost $1 billion.
Peet’s Coffee & Tea stock moved up $15.89 or 27.8% to settle at $73.05 on Monday. Shares of the company traded within the range of $51.16 to $77.60 over the previous year.
FactSet data confirms that the company has almost 13.3 million outstanding shares. The current management and workers will remain with the corporation and its headquarters will stay in Emeryville, California.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Starbucks Corporation (NASDAQ:SBUX) fell -2.62% to settle at $50.60, Green Mountain Coffee Roasters Inc (NASDAQ:GMCR) moved down -0.46% to end at $17.49 while Farmer Brothers Co (NASDAQ:FARM) jumped +1.78% to finish on Monday at $7.44.
Peet’s Coffee & Tea, Inc (NASDAQ:PEET) last session volume of 3.64 million shares was surprisingly higher than its average volume of 215,520.00 shares. The stock after opening at $73.99 hit high price of $74.60 and then closed at $73.05 by scoring +27.80%.
The liquidity measure in recent quarter results of the company was recorded 4.87 as current ratio and on the other side the debt to equity ratio was 0.00 and long-term debt to equity ratio also remained 0.00. The Company had total cash at hand $50.85 million and a book value per share as $14.08 in the most recent quarter.
The stock price volatility was 2.87% for a week and 2.94% for a month as well as price volatility’s Average True Range for 14 days was 3.07 and its beta remained 0.86.
PEET generated revenue of 378.22 million in the following twelve months and earned $15.66 million. The Company showed a positive 4.14% in the net profit margin and as well as in its operating margin which remained 6.41%. Company’s annual sales growth for the past five year was 12.06%.
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