Starbucks Corporation (NASDAQ: SBUX) recently received a number of ratings updates from brokerages and research firms:

  • 7/14/2017 – Starbucks Corporation had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $70.00 price target on the stock.
  • 7/6/2017 – Starbucks Corporation had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $75.00 price target on the stock.
  • 7/1/2017 – Starbucks Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/28/2017 – Starbucks Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Starbucks’ shares have underperformed the Zacks categorized Retail-Food & Restaurants industry in the last one year. The company has been experiencing decelerating comps growth in the U.S. for quite a while now amid persistent decline in the country’s restaurant sales. Starbucks reported tepid 3% comps growth in the first half of fiscal 2017 versus 8% in the year-ago period. The U.S. restaurant space has not been too enticing for investors for the past few quarters. Despite economic growth, consumers increased their spending only modestly on dining out, which resulted in low consumption over the past few quarters. That said, Starbucks is strengthening its portfolio with major innovations, best-in-class loyalty program and digital offerings to counter tepid sales growth. Although these initiatives might benefit it in the long run, the consequential increment in spending is likely to create pressure on its earnings in the near term.”
  • 6/28/2017 – Starbucks Corporation was given a new $70.00 price target on by analysts at UBS AG. They now have a “buy” rating on the stock.
  • 6/28/2017 – Starbucks Corporation had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $67.00 price target on the stock.
  • 6/22/2017 – Starbucks Corporation is now covered by analysts at KeyCorp. They set an “overweight” rating and a $68.00 price target on the stock.
  • 6/22/2017 – Starbucks Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $67.14 price target on the stock.
  • 6/16/2017 – Starbucks Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $65.00 price target on the stock.
  • 6/15/2017 – Starbucks Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/14/2017 – Starbucks Corporation was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating. They now have a $65.00 price target on the stock, up previously from $61.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 6/13/2017 – Starbucks Corporation had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $66.00 price target on the stock.
  • 6/12/2017 – Starbucks Corporation had its “buy” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $67.00 price target on the stock.
  • 6/8/2017 – Starbucks Corporation is now covered by analysts at Mizuho. They set a “buy” rating and a $75.00 price target on the stock.
  • 6/8/2017 – Starbucks Corporation was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $65.47 price target on the stock.
  • 5/25/2017 – Starbucks Corporation was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $65.15 price target on the stock.

Starbucks Corporation (SBUX) traded down 0.73% during mid-day trading on Monday, hitting $58.33. 6,774,471 shares of the stock were exchanged. The company has a 50-day moving average price of $61.21 and a 200-day moving average price of $58.43. The company has a market cap of $84.47 billion, a P/E ratio of 28.85 and a beta of 0.82. Starbucks Corporation has a one year low of $50.84 and a one year high of $64.87.

Starbucks Corporation (NASDAQ:SBUX) last released its earnings results on Thursday, April 27th. The coffee company reported $0.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. Starbucks Corporation had a net margin of 13.47% and a return on equity of 51.65%. The company had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter last year, the business earned $0.39 EPS. The business’s revenue was up 7.3% on a year-over-year basis. Analysts forecast that Starbucks Corporation will post $2.10 earnings per share for the current fiscal year.

In other news, Director Myron E. Ullman III sold 10,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $60.63, for a total value of $606,300.00. Following the completion of the sale, the director now owns 24,000 shares in the company, valued at approximately $1,455,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Myron E. Ullman III sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $60.43, for a total transaction of $1,208,600.00. Following the completion of the sale, the director now owns 34,000 shares of the company’s stock, valued at approximately $2,054,620. The disclosure for this sale can be found here. Insiders sold a total of 144,826 shares of company stock valued at $8,642,454 in the last 90 days. Company insiders own 3.40% of the company’s stock.

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.

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