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/PRNewswire/ -- Leading retail coffee chain Luckin Coffee ("Luckin" or "the brand", OTC: LKNCY) announced the official inauguration of its 30,000th store, the

Luckin Coffee is taking a direct swipe at Starbucks' premium ambitions with the opening of a flagship store in Shenzhen, China that pushes the fast-growing chain beyond its roots as a seller of cut-price coffee.

Luckin Coffee (LKNCY) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Luckin Coffee (LKNCY) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Luckin Coffee is rated a cautious buy, with unmatched store expansion and compelling upside potential. LKNCY opened nearly 8,000 stores in one year, reaching over 29,000 locations and 112 million transacting customers, primarily in China. Despite rapid growth, LKNCY maintains acceptable store-level margins and operational leverage, trading at a much lower P/E than SBUX.

Westrock Coffee (NASDAQ: WEST - Get Free Report) and Luckin Coffee (OTCMKTS:LKNCY - Get Free Report) are both consumer staples companies, but which is the better investment? We will contrast the two businesses based on the strength of their risk, profitability, valuation, dividends, earnings, institutional ownership and analyst recommendations. Profitability This table compares Westrock Coffee and

“We are hearing rumbling in the market that there will more Starbucks closures,” early next year, The Post has been told.

Luckin Coffee continues to expand rapidly, and it has established a foothold in North America. Shares still trade at a reasonable valuation.

Luckin Coffee: An Opportunistic Bet On Cheap Coffee