Traders sold shares of Starbucks Corp. (NASDAQ:SBUX) on strength during trading hours on Thursday. $80.49 million flowed into the stock on the tick-up and $101.66 million flowed out of the stock on the tick-down, for a money net flow of $21.17 million out of the stock. Of all companies tracked, Starbucks Corp. had the 0th highest net out-flow for the day. Starbucks Corp. traded up $1.11 for the day and closed at $57.59

A number of equities research analysts have recently commented on SBUX shares. Robert W. Baird restated a “buy” rating on shares of Starbucks Corp. in a research report on Tuesday, April 19th. Vetr cut Starbucks Corp. from a “strong-buy” rating to a “buy” rating and set a $67.16 target price on the stock. in a research report on Monday, April 18th. Stephens raised their target price on Starbucks Corp. from $56.00 to $58.00 and gave the company an “equal weight” rating in a research report on Friday, April 22nd. Piper Jaffray Cos. restated an “overweight” rating and set a $72.00 target price on shares of Starbucks Corp. in a research report on Saturday, April 16th. Finally, Goldman Sachs Group Inc. restated a “buy” rating and set a $72.00 target price (up from $69.00) on shares of Starbucks Corp. in a research report on Friday, April 22nd. Six research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $67.63.

The company has a market capitalization of $84.36 billion and a PE ratio of 34.08. The firm’s 50 day moving average price is $55.72 and its 200 day moving average price is $57.57.

Starbucks Corp. (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, April 21st. The coffee company reported $0.39 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. During the same quarter in the prior year, the business earned $0.33 earnings per share. The firm earned $5 billion during the quarter, compared to the consensus estimate of $5.02 billion. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities analysts predict that Starbucks Corp. will post $1.89 EPS for the current year.

In other Starbucks Corp. news, Director James G. Shennan, Jr. sold 48,334 shares of the business’s stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $56.93, for a total transaction of $2,751,654.62. Following the sale, the director now directly owns 86,393 shares in the company, valued at approximately $4,918,353.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William W. Bradley sold 12,654 shares of the business’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $55.34, for a total transaction of $700,272.36. Following the sale, the director now owns 57,417 shares in the company, valued at $3,177,456.78. The disclosure for this sale can be found here.

Other hedge funds recently added to or reduced their stakes in the company. SignalPoint Asset Management LLC increased its stake 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 worth $1,144,000 after buying an additional 96 shares during the period. Columbia Asset Management increased its stake in Starbucks Corp. by 0.3% in the fourth quarter. Columbia Asset Management now owns 57,703 shares of the coffee company’s stock worth $3,464,000 after buying an additional 200 shares during the period. Stephens Inc. AR increased its stake in Starbucks Corp. by 0.5% in the fourth quarter. Stephens Inc. AR now owns 69,558 shares of the coffee company’s stock worth $4,176,000 after buying an additional 313 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in Starbucks Corp. by 0.3% in the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 98,189 shares of the coffee company’s stock worth $5,894,000 after buying an additional 330 shares during the period. Finally, Ameritas Investment Partners Inc. increased its stake in Starbucks Corp. by 0.7% in the fourth quarter. Ameritas Investment Partners Inc. now owns 52,831 shares of the coffee company’s stock worth $3,171,000 after buying an additional 378 shares during the period.

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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