LK - Luckin Coffee Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
29.25
-1.87 (-6.01%)
As of 12:39PM EST. Market open.
Stock chart is not supported by your current browser
Previous Close31.12
Open31.25
Bid29.10 x 900
Ask29.11 x 800
Day's Range28.75 - 31.46
52 Week Range13.71 - 33.48
Volume6595552
Avg. Volume4,908,279
Market Cap7B
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateNov 13, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est29.51
  • These 5 New IPO Stocks Are Near Buy Points
    Investor's Business Daily

    These 5 New IPO Stocks Are Near Buy Points

    IPO stocks Dynatrace, Datadog, Progyny, Ping Identity and Starbucks rival Luckin Coffee are all near buy points. But handle IPOs with care.

  • Did Hedge Funds Drop The Ball On Luckin Coffee Inc. (LK) ?
    Insider Monkey

    Did Hedge Funds Drop The Ball On Luckin Coffee Inc. (LK) ?

    While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the third quarter and hedging or reducing many of […]

  • Here’s Why Luckin Coffee Stock is a Great Growth Stock to Buy Now
    InvestorPlace

    Here’s Why Luckin Coffee Stock is a Great Growth Stock to Buy Now

    Ever since rapidly growing Chinese coffee retailer Luckin Coffee (NASDAQ:LK) hit the public markets at an IPO price of $17 per share in May 2019, I've been pounding on the table, calling LK stock a long-term winner with tremendous upside potential.Source: Keitma / Shutterstock.com Today, LK stock trades hands at about $29. That represents a 70%-plus rally from its mid-May IPO price. For comparison purposes, the S&P 500 index is up less than 10% over that same stretch.In other words, Luckin Coffee stock has been a big winner so far. But, has all the winning been done? Is it too late to buy this strong stock?InvestorPlace - Stock Market News, Stock Advice & Trading TipsNo. Far from it. LK stock will continue to run materially higher over the next several years, powered by robust revenue and profit growth, the likes of which still isn't fully priced into shares today. Indeed, I think the long-term fundamentals here support LK stock at price tags above $40 in 2020. Luckin Coffee is a Long-Term WinnerThe bull thesis on LK stock is simple, compelling, and won't get cold anytime soon.China's nascent retail coffee market is booming. But, that retail coffee market is still small. The country's per capita coffee consumption measures around five cups per year. In America, per capita coffee consumption is up around 400 cups per year. In Norway and Sweden, people drink more than 1,000 cups per year. This huge discrepancy implies a huge opportunity for China's retail coffee market to expand over the next several years. * 7 Stocks to Buy in December Luckin Coffee is at the epicenter of this expanding Chinese retail coffee market. They operate small retail coffee shops that are designed for consumers to order their drinks ahead of time on their phones, and simply pick-up their coffee in the store a few minutes later. It's a unique concept which is attracting a lot of Chinese consumers because it optimizes convenience.Further, because these stores are doing really well, Luckin is opening a bunch of them. At the start of 2018, Luckin operated less than a dozen coffee shops. Today, they operate nearly 3,700, up 210% year-over-year.At 3,700 stores, Luckin is far from being done growing. Starbucks (NASDAQ:SBUX) operates more than 15,000 stores in the U.S. That's about 45 latte-locations for every million people. If Luckin were to match that rate, the company could be looking at more than 60,000 coffee shops in China.No, Luckin won't ever operate more than 60,000 stores in China. But, the point here is that robust unit growth will persist for a lot longer. As will its robust transaction-per-store growth. And average ticket size growth. Sustained big growth across all of those verticals will drive sustained big revenue growth. At the same time, margins are steadily improving, and Starbucks operates at 15%-20% operating margins, implying that Luckin has a huge opportunity to go from small and unprofitable today, to huge and profitable in five years.That transition will ultimately power LK stock well above $30 in the long run. Luckin Stock can Run Above $40Luckin Coffee's long-term profit growth prospects support LK stock at price tags north of $40 in 2020.The numbers here aren't too hard to follow. On the revenue side, there are three big drivers.For one, consider unit growth. Luckin is opening a ton of stores, and will continue to open a ton of stores because they are still small and the untapped addressable market is huge. This company should therefore be supported by 20%-plus unit growth over the next several years.Second, look at transactions-per-store growth. More and more customers will flock to those stores, because Luckin's mobile-focused ordering model is designed for the modern, urban consumer. Transactions per store were up more than 50% year-over-year last quarter. This metric should keep growing at a 10%-plus rate.Third, there's ticket size growth. The average ticket at Luckin remains very small, at under $2. Last quarter, average ticket increased more than 10%. It will continue to rise at a 10%-plus clip, as Luckin hikes prices and broadens its menu.Net net, Luckin projects as a 20%-plus unit grower, with 10%-plus transactions per store growth and 10%-plus average ticket growth. Putting all that together, Luckin reasonably projects as a 50%-plus revenue grower. Reasonably speaking, then, Luckin could be looking at $8 to $10 billion in revenues by 2025. * 7 Exciting Biotech Stocks to Buy Now Taking the mid-point and assuming operating margins progress towards industry-average 15-17% levels, then Luckin could produce around $4 in earnings per share by 2025. Based on a market-average 16x forward earnings multiple and a 10% discount rate, that equates to a 2020 price target for LK stock of nearly $44. Bottom Line on LK StockLK stock is a long-term winner that is in the early stages of its multi-year growth narrative. As this story plays out over the next few years, Luckin's revenue will march significantly higher, margins will improve by a ton, and today's big losses will turn into big profits.All of these positive developments will drive Luckin Coffee stock materially higher in the long run. At some point, valuation will become a problem. But, at $30, valuation isn't a problem yet, so the best thing to do here is remain long and strong.As of this writing, Luke Lango was long LK. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy That Dominated Thanksgiving Shopping * 6 Manufacturing Stocks to Buy as the Economy Recovers * The 7 Best Cryptocurrencies to Buy as Blockchain Heats Up The post Here's Why Luckin Coffee Stock is a Great Growth Stock to Buy Now appeared first on InvestorPlace.

  • Financial Times

    Luckin Coffee/Starbucks: frothy latte

    China’s rival to the US chain has none of these but offers cheaper coffee, quick mobile payments and home deliveries. This has been enough for Luckin Coffee to quintuple customer numbers in the third quarter. Luckin expects to overtake Starbucks, with 4,650 stores by the year end.

  • Benzinga

    Najarian Brothers Highlight Unusual Options Activity In L Brands, Metlife And Luckin Coffee

    On CNBC's "Fast Money Halftime Report," Pete Najarian spoke about high call options activity in L Brands Inc (NYSE: LB ). He explained that around 11,000 contracts of the December $20 calls were ...

  • Brown-Forman (BF.B) Q2 Earnings & Sales Beat, Stock Down
    Zacks

    Brown-Forman (BF.B) Q2 Earnings & Sales Beat, Stock Down

    Brown-Forman's (BF.B) second-quarter fiscal 2020 sales and earnings beat estimates on broad-based growth across geographies and the brand portfolio.

  • Benzinga

    'Fast Money Halftime Report' Traders Weigh In On Cleveland-Cliffs, Slack And More

    On CNBC's "Fast Money Halftime Report," Jim Lebenthal revealed he is bullish on Cleveland-Cliffs Inc (NYSE: CLF ) because of the CEO, Lourenco Goncalves. Jon Najarian would not buy Slack Technologies ...

  • Constellation Brands to Divest Ballast Point Brand & Assets
    Zacks

    Constellation Brands to Divest Ballast Point Brand & Assets

    Constellation Brands (STZ) agrees to sell the Ballast Point brand and related assets to Kings & Convicts. The sale is likely to boost the company's depletion and margins.

  • PepsiCo's BFY Brands Buyout to Expand Snacking Portfolio
    Zacks

    PepsiCo's BFY Brands Buyout to Expand Snacking Portfolio

    PepsiCo (PEP) plans to buy BFY Brands to enhance its snacking portfolio. BFY Brands' production capabilities will support the growth of PepsiCo's existing, more-nutritious snack brands.

  • Barrons.com

    Luckin Coffee Stock Has Surged, and Hedge Funds Are Buying More

    Lone Pine disclosed that it owns millions of American depositary receipts in the Chinese coffee chain, and Melvin Capital has nearly doubled its stake.

  • Where you should invest your money in the next decade: strategists
    Yahoo Finance

    Where you should invest your money in the next decade: strategists

    Here's how to think about investing over the next decade.

  • TheStreet.com

    [video]China's Luckin Coffee Matching Starbucks at Its Own Game

    Luckin's digital focus is shining, according to one analyst. That poses a particular threat to Starbucks' China business.

  • Luckin Coffee (LK) Catches Eye: Stock Jumps 6.8%
    Zacks

    Luckin Coffee (LK) Catches Eye: Stock Jumps 6.8%

    Luckin Coffee (LK) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.

  • New NYC coffee chain aims to undercut Starbucks with China-inspired model
    Yahoo Finance

    New NYC coffee chain aims to undercut Starbucks with China-inspired model

    Bandit, a new coffee chain inspired by Luckin Coffee in China, promises "the easiest cup of coffee ever."

  • Benzinga

    3 Momentum Stocks To Watch Post-Earnings

    Here are three stocks with continued technical momentum in the days and weeks after strong earnings releases. Clovis Oncology, Inc . (NASDAQ: CLVS ) jumped 75 cents to $7.76 on 8.1 million shares Thursday. ...

  • Three momentum stocks to watch after company earnings reports
    MarketWatch

    Three momentum stocks to watch after company earnings reports

    Here are three stocks with continued technical momentum in the days and weeks after strong earnings releases. Clovis Oncology Inc. (CLVS) jumped 75 cents to $7.76 on 8.1 million shares traded Thursday.

  • Implied Volatility Surging for Luckin Coffee (LK) Stock Options
    Zacks

    Implied Volatility Surging for Luckin Coffee (LK) Stock Options

    Investors need to pay close attention to Luckin Coffee (LK) stock based on the movements in the options market lately.

  • Brown-Forman Hikes Dividend: What Else Should You Know?
    Zacks

    Brown-Forman Hikes Dividend: What Else Should You Know?

    Brown-Forman (BF.B) hikes its quarterly dividend by 5% to 17.43 cents a share. This marks the 36th consecutive year of dividend increase.

  • Benzinga

    Najarian Brothers Highlight Unusual Option Activity In Verizon, Luckin Coffee

    On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about unusually high options activity in Verizon Communications Inc. (NYSE: VZ ). Options traders bought around 10,000 contracts of ...

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    Britvic's (BTVCY) fiscal 2019 earnings are likely to have benefited from robust brand portfolio and strategic buyouts. However, business failures and stiff competition are concerns.

  • Luckin Coffee will be larger than Starbucks in China before 2020: CFO
    Yahoo Finance

    Luckin Coffee will be larger than Starbucks in China before 2020: CFO

    Luckin Coffee's stock has been on fire of late. Yahoo Finance speaks with Luckin Coffee CFO Reinout Schakel about the company's plans.

  • Luckin Coffee, IBD Stock Of The Day, Breaks Out On Earnings Buzz, Plans To Overtake Starbucks In China
    Investor's Business Daily

    Luckin Coffee, IBD Stock Of The Day, Breaks Out On Earnings Buzz, Plans To Overtake Starbucks In China

    IBD Stock Of The Day: Luckin Coffee cleared a buy point Monday, continuing to surge following earnings and plans to overtake Starbucks in China.

  • Benzinga

    Luckin Coffee's Impressive Growth And Retail Model Could Dethrone Starbucks In China

    If you don't know Luckin Coffee (NASDAQ: LK), let us help you: it's Chinese Starbucks Corporation (NASDAQ: SBUX) that is posing quite a headache to Starbucks Corporation in China. Perhaps the most unique feature Luckin Coffee just revealed is its business model extension.

  • Is Luckin Coffee (NASDAQ:LK) A Risky Investment?
    Simply Wall St.

    Is Luckin Coffee (NASDAQ:LK) A Risky Investment?

    The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

  • Luckin Coffee buzzing and looking to the future
    Yahoo Finance Video

    Luckin Coffee buzzing and looking to the future

    Luckin Coffee is buzzing after the coffee chain released its Q3 earnings report. Luckin Coffee's CFO Reinout Schakel joins Yahoo Finance’s Brian Sozzi and Alexis Christoforous to break down the company’s escalated growth on The First Trade.