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Northern California-based Peet's Coffee & Tea (PEET) is a different flavor of coffee stock, really cashing in on premium herbal tea offerings and specialty foods as well as providing a great cup of java.
Jellies, jams, candies and pastries are just part of Peet's diverse product line. This has helped the company find a broader customer base, appealing to those with a sweet tooth as well as caffeine junkies and iced tea fanatics. The results are clear in Peet's bottom line.
The company has topped estimates in all four of the past quarters, with an average earnings surprise of about 16%. Thanks to tighter cost controls and higher sales at its specialty business, I expect this trend to continue. Margins are rapidly expanding, showing that Peet's is still running a tight ship despite its past successes.
I rate Peet's a B, or buy.
See the complete list of Hot Coffee Stocks to Buy Now.
And for more hot stocks to buy and sell, check out:
At the time of this writing, Louis Navellier did not own shares of PEET in personal or client portfolios.
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