LK - Luckin Coffee Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
38.02
+0.07 (+0.18%)
At close: 4:00PM EST
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Previous Close37.95
Open38.00
Bid38.08 x 800
Ask38.10 x 1000
Day's Range37.51 - 38.81
52 Week Range13.71 - 51.38
Volume7,406,945
Avg. Volume15,713,654
Market Cap9.625B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateNov 12, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est49.18
  • Benzinga

    Benzinga's Bulls And Bears Of The Week: GM, Luckin, Slack, Tesla And More

    Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included a leading automaker and a resort operator. Bearish calls included an apparel maker and a ...

  • Business Wire

    INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf Luckin Coffee Inc. (LK) Investors

    INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf Luckin Coffee Inc. (LK) Investors

  • PR Newswire

    ROSEN, A LEADING INVESTOR FIRM, Announces Filing of Securities Class Action Lawsuit Against Luckin Coffee Inc. - LK

    Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Luckin Coffee Inc. (NASDAQ: LK) between November 13, 2019 and January 31, 2020, inclusive (the "Class Period"). The lawsuit seeks to recover damages for Luckin investors under the federal securities laws.

  • Business Wire

    INVESTOR ALERT: Kirby McInerney LLP Announces That a Class Action Lawsuit Has Been Filed Against Luckin Coffee Inc. and Encourages Investors to Contact the Firm Before April 13

    The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Luckin Coffee Inc. ("Luckin" or the "Company") (NASDAQ:LK) securities during the period from November 13, 2019 through January 31, 2020. Investors have until April 13, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

  • Business Wire

    Shareholder Alert: Robbins LLP Announces Luckin Coffee Inc. (LK) Sued for Misleading Shareholders

    Shareholder rights law firm Robbins LLP announces that a purchaser of Luckin Coffee Inc. (NASDAQ: LK) filed a class action complaint against the Company for alleged violations of the Securities Exchange Act of 1934 between November 13, 2019 and January 31, 2020. Luckin Coffee engages in the retail sale of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China.

  • ACCESSWIRE

    INVESTOR NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Luckin Coffee Inc. and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / February 14, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Luckin Coffee ...

  • Business Wire

    LK LOSSES ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit has Been Filed Against Luckin Coffee Inc.

    Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action has been filed on behalf of investors that purchased or acquired the securities of Luckin Coffee Inc. ("Luckin" or the "Company") (NASDAQ: LK) between November 13, 2019, and January 31, 2020 (the "Class Period"). The lawsuit filed in the United States District Court for the Southern District of New York alleges violations of the Securities Exchange Act of 1934.

  • ACCESSWIRE

    INVESTOR ALERT - Luckin Coffee Inc. (LK) - Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders With Losses Exceeding $100K of Class Action and Lead Plaintiff Deadline: April 13, 2020

    NEW YORK, NY / ACCESSWIRE / February 14, 2020 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Luckin Coffee Inc. ("Luckin" or the Company") ...

  • Business Wire

    EQUITY ALERT: ROSEN, NATIONAL TRIAL COUNSEL, Announces Filing of Securities Class Action Lawsuit Against Luckin Coffee Inc. – LK

    Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Luckin Coffee Inc. (NASDAQ: LK) between November 13, 2019 and January 31, 2020, inclusive (the "Class Period"). The lawsuit seeks to recover damages for Luckin investors under the federal securities laws.

  • ACCESSWIRE

    IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Luckin Coffee Inc. and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / February 13, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Luckin Coffee ...

  • Business Wire

    LUCKIN COFFEE ALERT: Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Luckin Coffee, Inc. and Encourages Investors to Contact the Firm

    Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors that purchased Luckin Coffee, Inc. (NASDAQ: LK) securities between November 13, 2019 and January 31, 2020 (the "Class Period"). Investors have until April 13, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

  • GlobeNewswire

    Pomerantz Law Firm Announces the Filing of a Class Action against Luckin Coffee Inc. and Certain Officers – LK

    Pomerantz LLP announces that a class action lawsuit has been filed against Luckin Coffee Inc. (“Luckin” or the “Company”) (NASDAQ:  LK) and certain of its officers. The class action, filed in United States District Court for the Southern District of New York, and indexed under 20-cv-01293, is on behalf of a class consisting of all persons and entities other than Defendants who purchased or otherwise acquired Luckin securities between November 13, 2019 and January 31, 2020, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

  • Benzinga

    Luckin Coffee Analyst Says Company Confident In Key Targets Despite Coronavirus Impact

    ADR (NASDAQ: LK), which is being touted as a serious threat to Starbucks Corporation (NASDAQ: SBUX) in China, discussed concerns surrounding the COVID-19 outbreak's effect on the coffee chain in a conference call with analysts. Luckin now expects first-quarter revenue to end at nearly half the current estimate of 2.2 billion yuan ($315.3 million) to 2.3 billion yuan. Luckin expressed confidence in customers coming back once the virus abates, the analyst said.

  • GlobeNewswire

    LK LOSS NOTICE: ROSEN LAW FIRM, NATIONAL INVESTOR COUNSEL, Announces Investigation of Securities Claims Against Luckin Coffee Inc.; Encourages Investors with Losses in Excess of $100K to Contact the Firm – LK

    NEW YORK, Feb. 10, 2020 -- Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Luckin.

  • Recent Panic Creates Long-Term Opportunity in China’s Luckin Coffee
    InvestorPlace

    Recent Panic Creates Long-Term Opportunity in China’s Luckin Coffee

    Only two questions really matter for Luckin Coffee (NASDAQ:LK). Can Luckin outgrow Starbucks (NASDAQ:SBUX) in China? If so, what is LK stock worth in that bullish scenario? Everything else is just noise.Source: Keitma / Shutterstock.com Luckin has dealt with a lot of noise of late. The spread of the coronavirus in China has led to store closures which will dent the company's sales and profits for at least the first quarter of 2020. A short-seller report drove panic selling as well.But investors shouldn't focus on short-term issues at the expense of the long-term trend. The trend promises potentially enormous returns for Luckin Coffee shareholders. All those issues have done is create a more attractive entry point.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Luckin Coffee Soars -- And TumblesJust a few weeks ago, LK stock was one of the market's best performers. Thanks in part to a blowout third-quarter earnings report in November, shares rose almost 200% in a little over two months.Two developments ended the rally. Coronavirus fears rattled global stocks, and took LK down with them. * 7 Utility Stocks to Buy That Offer Juicy Dividends To add to the panic, Muddy Waters Research, via Twitter (NYSE:TWTR), linked to an anonymous report alleging that Luckin had fraudulently inflated its numbers. The 89-page report claimed to rest on video of 620 Luckin stores across China. Those tests suggested that the number of items sold per day was overstated by 69% in the third quarter of 2019. The report alleged pricing inflation as well.LK stock plunged over 10% that day, capping a 35% decline in just nine trading sessions. Short-Term FearsThe problem with the selloff is that neither issue changes the long-term case for Luckin.Luckin is going toe-to-toe with Starbucks in the world's most populated country -- and winning. Luckin now has more stores in the country than does Starbucks. It's growing faster than its U.S. rival. And its model of often-unmanned stores and app-focused checkout procedures both suggest operating profit margins at maturity should be quite attractive.The long-term opportunity here is why investors bid Luckin up so sharply after the third-quarter report. Early results show that Luckin is succeeding in shifting Chinese customers away from tea to coffee -- and keeping those customers away from Starbucks. The company has plans to add thousands more stores to attract hundreds of millions more customers. And thanks to a convertible bond and stock offering last month, it has the capital to do so.Neither piece of short-term news impacts that long-term bull case. The spread of the coronavirus will be contained at some point. The short-seller report looks questionable.In fact, Citron Research, well-known for shorting the likes of Shopify (NYSE:SHOP) and Bausch Health (NYSE:BHC), has said it is long LK stock. The report "will fall short on accuracy," Citron wrote last week. The firm added that it expected Luckin's management to respond.Management did respond this week, and flatly denied the report. Investors listened. Luckin stock soared 15.6% in trading on Tuesday. The Long-Term Case for LK StockThat rally should continue as the short-term fears fade. From a long-term standpoint, LK stock still looks reasonably cheap.Admittedly, the company isn't profitable. But that's no surprise. Upfront spending to acquire new customers and to build out new stores is leading to near-term losses. But there's a clear path for Luckin to grow into a nicely profitable business. As long as that path continues, LK stock can rise as have so many other growth stocks in this market.Looking at revenue, the stock already doesn't appear that expensive. Luckin stock trades for a little over 5x Wall Street's estimate for 2020 sales. SBUX trades for roughly 4x revenue. Surely, investors should pay a modest premium for a substantially greater growth opportunity. Starbucks' core markets in the U.S. and Europe are largely saturated. Luckin has no such problem in China.As long as Luckin's opportunity remains intact, and the company executes, LK stock can keep gaining. The noise that drove recent volatility is meaningless in that context. Some investors took the selloff as a buying opportunity on Tuesday. I expect more will do so going forward.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Utility Stocks to Buy That Offer Juicy Dividends * 10 Gold and Silver Stocks to Profit Off 2020's Fear Trade * 3 Top Companies That Should Be More Careful With Your Data The post Recent Panic Creates Long-Term Opportunity in China's Luckin Coffee appeared first on InvestorPlace.

  • ACCESSWIRE

    SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Luckin Coffee Inc. - LK

    NEW YORK, NY / ACCESSWIRE / February 6, 2020 / Pomerantz LLP is investigating claims on behalf of investors of Luckin Coffee Inc. ("Luckin" or the "Company") (NASDAQ:LK). Such investors ...

  • ACCESSWIRE

    SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Luckin Coffee Inc. and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / February 4, 2020 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Luckin Coffee ...

  • TheStreet.com

    Luckin Coffee Shares Are Hot After Needham's Stock Price Boost

    Luckin Coffee is percolating after a Needham analyst raised his price target on the Chinese beverage retailer to $40 from $27.

  • PR Newswire

    Scott+Scott Attorneys at Law LLP Announces Investigation into Luckin Coffee Inc. (LK)

    Scott+Scott Attorneys at Law LLP ("Scott+Scott"), a national securities and consumer rights litigation firm, is investigating whether Luckin Coffee Inc. ("Luckin Coffee" or the "Company") (NASDAQ: LK), or certain of its officers and directors violated federal securities laws. If you purchased Luckin American Depository Shares ("ADSs"), you are encouraged to contact Scott+Scott attorney Jonathan Zimmerman for additional information at (888) 398-9312 or jzimmerman@scott-scott.com.

  • Barrons.com

    Buy Luckin Stock on the Dip Because Its New Vending Machines Will Boost the Brand

    A drop in Luckin Coffee American depositary shares is a great buying opportunity, according to Needham. The firm sees Luckin’s machines improving brand awareness.

  • Luckin Coffee share price may nearly double to $60 on U.S. exchanges: hedge fund Citron Capital
    Reuters

    Luckin Coffee share price may nearly double to $60 on U.S. exchanges: hedge fund Citron Capital

    China-based Luckin Coffee Inc's shares could double in price after it overcomes the negative impact of the coronavirus outbreak and a widely publicized bearish bet against its stock, according to Andrew Left, managing partner at hedge fund Citron Capital. Better known for his short bets, Left, who is also editor of the online investment newsletter Citron Research, has come out in defense of Luckin’s stock, which his fund owns. Luckin was forced to temporarily close an estimated 200 coffee shops in Wuhan, capital of the Hubei province in China and epicenter of the deadly virus outbreak.

  • Business Wire

    INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Luckin Coffee Inc. and Encourages Investors with Losses to Contact the Firm

    INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Luckin Coffee Inc.

  • Business Wire

    INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Luckin Coffee Inc.

    The law firm of Kirby McInerney LLP is investigating potential claims against Luckin Coffee Inc. ("Luckin" or the "Company") (NASDAQ: LK). This investigation concerns whether Luckin has violated federal securities laws and/or engaged in other unlawful business practices.

  • Bloomberg

    Starbucks Challenger Luckin Isn’t All Out of Luck

    (Bloomberg Opinion) -- China’s Luckin Coffee Inc. hasn’t been having much luck lately. The last thing a retail business in the middle of a breakneck expansion needs is a deadly virus that keeps consumers off the streets and away from malls. What could be more damaging? Perhaps an attack by short-sellers branding your business a fraud.Shares in Nasdaq-listed Luckin Coffee plummeted 11% Friday after Carson Block’s Muddy Waters Capital tweeted that it has a short on the stock, citing an unattributed 89-page report it had received that alleged the chain has accounting issues and a broken business model. It could have been worse. Luckin shares were down as much as 27% before rival short-selling firm Citron Research defended the company, saying it was long the stock and the coffee chain’s business in China was “on fire.” Luckin called the allegations “misleading and false” in a filing Monday. Its shares closed 3.5% lower.Whatever the merits or otherwise of the anonymous report — which Muddy Waters said it found credible and Andrew Left’s Citron said would “fall short on accuracy” — Luckin faces serious challenges from the coronavirus, which has caused some cities in China to impose travel restrictions, manufacturers to halt output and the government to extend the Lunar New Year holiday. At the same time, the coffee chain has a couple of key advantages that should enable it to ride out the disruption.First is its delivery model. Unlike Starbucks Corp., which prides itself on its cozy seating areas, Luckin mostly sells coffee for consumption outside. As of the end of June, 2,741 of 2,963 outlets were “pick-up stores.” Just 123 were so-called relax stores where buyers drink on the premises, and the rest were delivery kitchens.In an environment where authorities are telling people to stay at home to avoid spreading the virus, such a business may prove more resilient than one like Starbucks, which sells coffee partly as a social experience. Seattle-based Starbucks has closed more than half its 4,292 outlets(6) in China because of the viral outbreak. Luckin, which overtook Starbucks with 4,500 stores across the country by the end of last year, hasn’t given comparable figures.Second is Luckin’s financial position. Founded less than three years ago, the company has been expanding at a furious pace, almost quadrupling its number of stores from 1,189 in the third quarter of 2018. Such a rapid build-out is financially draining — especially when the company has a strategy of sacrificing profits by offering discounts to lure customers. That makes Luckin’s January fundraising look particularly fortuitous.The coffee chain raised a combined $778 million from an additional share sale and a convertible bond offering, more than the $645 million it took in from its May initial public offering. It sold shares at $42 each. The stock reached a high of $50.02 on Jan. 17, almost triple the IPO price, and has since dropped more than a third to close at $32.49 on Friday.The opportunely timed sale gives Luckin a war chest to survive the hit to consumption from the virus epidemic, which if it follows the same trajectory as the severe acute respiratory syndrome outbreak should be contained by summer.To be sure, there are longer-term concerns hovering over Luckin, particularly the sustainability of a business model that appears to rest largely on offering near-permanent discounts. While the advertised price of Luckin’s coffees is from $3.50 to $4 each, most customers pay as much as 50% less in practice. When the company started selling tea in July, it drew business with a “buy 10 get 10 free” promotion. Luckin’s third-quarter loss widened to 484.9 million yuan ($69 million) from 531.9 million yuan a year earlier.For the time being, though, Luckin looks safe.  (Adds Luckin’s statement in the second paragraph.)(1) As of the end of last year.To contact the author of this story: Nisha Gopalan at ngopalan3@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.