Investors sold shares of Starbucks Corp. (NASDAQ:SBUX) on strength during trading 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 equities 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 research analysts recently issued reports on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of Starbucks Corp. in a report on Saturday, April 23rd. Piper Jaffray Cos. reiterated a “buy” rating on shares of Starbucks Corp. in a report on Saturday, April 23rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $68.00 price target on shares of Starbucks Corp. in a report on Saturday, April 23rd. Deutsche Bank AG reiterated a “hold” rating on shares of Starbucks Corp. in a report on Saturday, April 23rd. Finally, Jefferies Group reiterated a “buy” rating and issued a $70.00 price target on shares of Starbucks Corp. in a report on Saturday, April 23rd. Six equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $67.63.

The company has a 50-day moving average price of $55.78 and a 200-day moving average price of $57.55. The company has a market capitalization of $84.10 billion and a PE ratio of 33.97.

Starbucks Corp. (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, April 21st. The coffee company reported $0.39 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.39. During the same quarter in the prior year, the firm posted $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 was up 9.4% on a year-over-year basis. Equities analysts forecast that Starbucks Corp. will post $1.89 EPS for the current fiscal year.

In other Starbucks Corp. news, Director Myron E. Ullman III sold 20,000 shares of Starbucks Corp. stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $55.46, for a total transaction of $1,109,200.00. Following the completion of the transaction, the director now owns 34,000 shares of the company’s stock, valued at approximately $1,885,640. 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 Starbucks Corp. stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $55.34, for a total value of $700,272.36. Following the transaction, the director now directly owns 57,417 shares of the company’s stock, valued at approximately $3,177,456.78. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently bought and sold shares of the stock. Philadelphia Trust Co. bought a new position in Starbucks Corp. during the fourth quarter worth $1,031,000. Bronfman E.L. Rothschild L.P. bought a new position in Starbucks Corp. during the fourth quarter worth $1,033,000. Waldron LP raised 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 worth $1,137,000 after buying an additional 3,180 shares during the last quarter. Sandy Spring Bank raised its position in Starbucks Corp. by 77.6% in the fourth quarter. Sandy Spring Bank now owns 23,474 shares of the coffee company’s stock worth $1,409,000 after buying an additional 10,253 shares during the last quarter. Finally, Monetta Financial Services Inc. raised its position in Starbucks Corp. by 95.8% in the fourth quarter. Monetta Financial Services Inc. now owns 23,500 shares of the coffee company’s stock worth $1,411,000 after buying an additional 11,500 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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