Starbucks Corp. (NASDAQ:SBUX)’s share price fell 0.7% during trading on Friday . The stock traded as low as $56.42 and last traded at $56.54, with a volume of 5,530,023 shares changing hands. The stock had previously closed at $56.91.

Several brokerages have commented on SBUX. JPMorgan Chase & Co. reissued a “buy” rating on shares of Starbucks Corp. in a research report on Saturday, April 23rd. Piper Jaffray Cos. reissued a “buy” rating on shares of Starbucks Corp. in a research report on Saturday, April 23rd. Royal Bank Of Canada reissued a “buy” rating and issued a $68.00 price target on shares of Starbucks Corp. in a research report on Saturday, April 23rd. Deutsche Bank AG reissued a “hold” rating on shares of Starbucks Corp. in a research report on Saturday, April 23rd. Finally, Jefferies Group reissued a “buy” rating and issued a $70.00 price target on shares of Starbucks Corp. in a research report on Saturday, April 23rd. Six research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $67.68.

The stock’s 50 day moving average is $55.49 and its 200 day moving average is $57.65. The firm has a market cap of $82.78 billion and a P/E ratio of 33.44.

Starbucks Corp. (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, April 21st. The coffee company reported $0.39 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.39. The firm earned $5 billion during the quarter, compared to analyst estimates of $5.02 billion. During the same period last year, the business earned $0.33 EPS. The firm’s revenue was up 9.4% on a year-over-year basis. On average, analysts expect that Starbucks Corp. will post $1.89 EPS for the current fiscal year.

In related news, insider John Culver sold 145,530 shares of the stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $56.71, for a total value of $8,253,006.30. Following the sale, the insider now owns 334,982 shares of the company’s stock, valued at approximately $18,996,829.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James G. Shennan, Jr. sold 50,000 shares of the stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $55.57, for a total transaction of $2,778,500.00. Following the completion of the sale, the director now directly owns 38,059 shares in the company, valued at approximately $2,114,938.63. The disclosure for this sale can be found here.

A number of institutional investors recently added to or reduced their stakes in SBUX. Philadelphia Trust Co. bought a new position in Starbucks Corp. during the fourth quarter valued at approximately $1,031,000. Bronfman E.L. Rothschild L.P. bought a new position in Starbucks Corp. during the fourth quarter valued at approximately $1,033,000. Waldron LP boosted its position in Starbucks Corp. by 20.2% in the fourth quarter. Waldron LP now owns 18,957 shares of the coffee company’s stock valued at $1,137,000 after buying an additional 3,180 shares during the last quarter. SignalPoint Asset Management LLC boosted its position in Starbucks Corp. by 0.5% in the fourth quarter. SignalPoint Asset Management LLC now owns 19,052 shares of the coffee company’s stock valued at $1,144,000 after buying an additional 96 shares during the last quarter. Finally, Westport Resources Management Inc. boosted its position in Starbucks Corp. by 21.5% in the fourth quarter. Westport Resources Management Inc. now owns 20,129 shares of the coffee company’s stock valued at $1,208,000 after buying an additional 3,562 shares during the last quarter.

Starbucks Corporation is the roaster, marketer and retailer of specialty coffee. The Company purchases and roasts coffees that it sells, along with coffee, tea and other beverages, and a range of fresh food items, through Company-operated stores. It also sells a range of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery and national foodservice accounts.

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