Luckin Coffee Inc. (NYSE:LK) Given Average Rating of “Buy” by Brokerages

Shares of Luckin Coffee Inc. (NYSE:LK) have been assigned an average rating of “Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $25.60.

A number of analysts have recently weighed in on LK shares. KeyCorp upped their price target on shares of Luckin Coffee from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Zacks Investment Research lowered shares of Luckin Coffee from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th.

Large investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new stake in Luckin Coffee during the second quarter valued at approximately $38,000. Holocene Advisors LP acquired a new stake in Luckin Coffee during the second quarter valued at approximately $4,020,000. Athanor Capital LP acquired a new stake in Luckin Coffee during the second quarter valued at approximately $2,234,000. Janus Henderson Group PLC acquired a new stake in Luckin Coffee during the second quarter valued at approximately $25,180,000. Finally, Laurion Capital Management LP acquired a new stake in Luckin Coffee during the second quarter valued at approximately $975,000.

Shares of NYSE:LK opened at $19.17 on Tuesday. The stock has a 50 day moving average of $20.17. Luckin Coffee has a twelve month low of $13.71 and a twelve month high of $27.12.

Luckin Coffee (NYSE:LK) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.04). The firm had revenue of $132.40 million for the quarter, compared to the consensus estimate of $133.15 million. The firm’s revenue for the quarter was down 85.4% compared to the same quarter last year.

About Luckin Coffee

Luckin Coffee Inc engages in the retail sale of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. It offers freshly brewed drinks, including freshly brewed coffee and non-coffee drinks; and food and beverage items, such as light meals. The company operates pick-up stores, relax stores, and delivery kitchens under the Luckin brand, as well as Luckin mobile app, Weixin mini-program, and other third-party platforms that cover the customer purchase process.

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Analyst Recommendations for Luckin Coffee (NYSE:LK)

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