Admit it, if you're an American who drinks coffee -- Americans consume an average 3.1 cups of 9 oz. of coffee per day -- then you probably know deep down what kind of toll the habit takes on a wallet.
In fact, according to a new survey by Accounting Principals, more than half of American workers buy coffee regularly while at work and spend an average of $1,000 a year. If you're a coffee junkie, you probably aren't surprised, unless you think it should be higher.
The survey also found that young adults (aged 18 to 34) drink more coffee than workers over the age of 45. Furthermore, men spend more on coffee than woman.
Trading the trend
As I sit here, sipping on my second over-priced coffee of the day, I understand this will probably be a habit of a lifetime. This tells me that demand can only grow higher as the population ages and a fresh batch of coffeeholics enter the workforce.
"Sure, you can make your own coffee at home (and save 90%)," says Farnoosh Torabi of MarketWatch, "but it's not as fun as waiting in line at Starbucks ... It's also difficult to break the habit when so many restaurants and fast-food joints are brewing up a coffee storm, with chains adding various coffee varieties to their menus and touting their selection of hot beverages more aggressively."
Indeed, the coffee industry is benefiting from its increased presence in food establishments from the obvious locations like diners, Dunkin' Donuts and McDonald's to more surprising ones like Taco Bell.
In light of all the coffee facts mentioned above, we list below five major coffee stocks that have seen very significant levels of growth in the last year.
Do you think these stocks have more growth to cash in? (Click here to access free, interactive tools to analyze these ideas.)
1. Caribou Coffee Company
2. Dunkin' Brands Group
3. Green Mountain Coffee Roasters
4. Peet's Coffee & Tea
Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned above. Analyst ratings sourced from Zacks Investment Research.
Kapitall's Rebecca Lipman does not own any of the shares mentioned above. Data sourced from Finviz.
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