That was quick. After dipping in the immediate wake of an earnings announcement last week, shares of Green Mountain Coffee Roasters (NASDAQ:GMCR) are back near their highs for the year.

But there could be room for the stock to continue climbing. In the video below, Fool contributor Demitrios Kalogeropoulos outlines a few reasons for investors to be bullish on the company, despite its premium valuation right now. Strong sales growth in the U.S., a rising installed base of coffee brewers, and spiking profitability all point to the potential for further gains down the road, he says.

Fool contributor Demitrios Kalogeropoulos has no position in any stocks mentioned. The Motley Fool recommends Green Mountain Coffee Roasters. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.