Luckin Coffee (OTCMKTS:LKNCY) Rating Lowered to "Hold" at Wall Street Zen

Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.Get Luckin Coffee alerts:Luckin Coffee Trading Up 1.0%Can Luckin and Dutch Bros Take Market Share From Starbucks?Shares of Luckin Coffee stock traded up $0.35 on Friday, reaching $37.11. The stock had a trading volume of 2,016,543 shares, compared to its average volume of 2,295,308. The business's 50 day moving average is $36.05 and its two-hundred day moving average is $32.65. The company has a market cap of $10.53 billion, a P/E ratio of 21.09 and a beta of -0.24. Luckin Coffee has a 1 year low of $17.28 and a 1 year high of $40.00. Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.57. Luckin Coffee had a return on equity of 36.80% and a net margin of 9.59%. The firm had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.82 billion. About Luckin Coffee (Get Free Report)Starbucks: 4 Reasons to Buy on Overblown Strike Fears Luckin Coffee Inc offers retail services of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China. It offers hot and iced freshly brewed coffee, such as Americano, Latte, Cappuccino, Macchiato, Flat White, and Mocha, as well as specialty coffee based on market and seasonal trends; coconut milk latte products; tea drinks; pre-made beverages; and pre-made food items, such as pastries, sandwiches, and snacks.Recommended StoriesFive stocks we like better than Luckin CoffeeHow Investors Can Identify and Successfully Trade Gap-Down StocksBitcoin and Dividends: A Winning Combo in These 3 ETFsStock Average Calculator Is PG&E an AI Power Play? Why Options Traders Are Betting BigWhat Are Earnings Reports?MarketBeat Week in Review – 07/28 - 08/01This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Dutch Bros’ Growth Perks: Can This Coffee Stock Hit New Highs?Should You Invest $1,000 in Luckin Coffee Right Now?Before you consider Luckin Coffee, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Luckin Coffee wasn't on the list.While Luckin Coffee currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here