Luckin Coffee (OTCMKTS:LKNCY) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Luckin Coffee (OTCMKTS:LKNCY) issued its earnings results on Monday. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates 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

LKNCY opened at $35.00 on Monday. The company has a market cap of $10.04 billion, a PE ratio of 21.88 and a beta of -0.33. The company has a 50 day moving average of $31.52 and a 200 day moving average of $33.15. Luckin Coffee has a 12 month low of $27.22 and a 12 month high of $43.64.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LKNCY. The Goldman Sachs Group set a $49.00 target price on Luckin Coffee and gave the stock a “buy” rating in a report on Sunday, June 21st. Zacks Research raised shares of Luckin Coffee from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Jefferies Financial Group initiated coverage on shares of Luckin Coffee in a research report on Tuesday, June 9th. They issued a “buy” rating and a $43.60 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Luckin Coffee currently 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.