|Bid||81.55 x 596700|
|Ask||81.60 x 2351000|
|Day's range||80.75 - 81.65|
|52-week range||67.00 - 85.97|
|PE ratio (TTM)||27.27|
|Earnings date||11 Aug 2016 - 15 Aug 2016|
|Dividend & yield||0.00 (0.00%)|
|1y target est||86.04|
LONDON/LOS ANGELES, Sept 15 (Reuters) - Nestle (Swiss: NESN.VX - news) 's high-priced purchase of a majority stake in California-based coffee bar chain Blue Bottle this week, highlights how big companies are seeking exposure to fast-growing premium brands driven by millenials. Since 2015 there have been nine coffee deals by JAB Holding Co, owned by Europe's billionaire Reimann family. With (Other OTC: WWTH - news) brands like Douwe Egberts and Tassimo sitting alongside Blue Bottle rival Intelligentsia, JAB now owns the second-biggest packaged coffee business behind Nestle, owner of Nescafe and Nespresso.
Blue Bottle Coffee’s founder describes himself as “a slightly disaffected freelance musician and coffee lunatic, weary of the commercial coffee enterprise.” And yet he’s just sold a majority stake to the ...
Nestle SA agreed to acquire a majority stake in Blue Bottle Coffee as the Nespresso owner seeks to bolster its U.S. presence amid increasing demand for upscale blends of java.