Media headlines about Starbucks (NASDAQ:SBUX) have been trending somewhat positive this week, AlphaOne Sentiment reports. The research group, a division of Accern, identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Starbucks earned a media sentiment score of 0.03 on AlphaOne’s scale. AlphaOne also assigned press coverage about the coffee company an impact score of 75 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Alpha One Sentiment Analysis’s rankings:
- Traders Purchase Large Volume of Call Options on Starbucks (SBUX) (americanbankingnews.com)
- Starbucks and Spider Webs (acsh.org)
- Family remembers woman fatally shot outside Starbucks last year (abc7chicago.com)
- Woman burned by Starbucks coffee after the lid came off and she spilt it in her lap is awarded $100,000 by a jury (dailymail.co.uk)
- Watered down iced coffee is the worst, but Starbucks has a plan (ajc.com)
Several research analysts have issued reports on the company. Stifel Nicolaus raised Starbucks to a “buy” rating in a report on Saturday, May 13th. Piper Jaffray Companies set a $64.00 price target on Starbucks and gave the company a “buy” rating in a research note on Saturday, January 28th. BMO Capital Markets set a $62.00 price target on Starbucks and gave the company a “buy” rating in a research note on Saturday, January 28th. Barclays PLC cut their price target on Starbucks from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Friday, January 27th. Finally, Sanford C. Bernstein set a $65.00 price target on Starbucks and gave the company a “buy” rating in a research note on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. Starbucks has an average rating of “Buy” and an average target price of $64.67.
Shares of Starbucks (NASDAQ:SBUX) traded up 2.533% on Friday, reaching $61.335. 8,863,066 shares of the company were exchanged. The firm has a 50 day moving average price of $59.58 and a 200-day moving average price of $57.25. Starbucks has a 12-month low of $50.84 and a 12-month high of $61.94. The stock has a market capitalization of $88.82 billion, a PE ratio of 30.334 and a beta of 0.79. Starbucks also saw unusually large options trading activity on Friday. Traders acquired 4,511 call options on the company. This represents an increase of approximately 163% compared to the average volume of 1,717 call options.
Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, April 27th. The coffee company reported $0.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.45. Starbucks had a net margin of 13.30% and a return on equity of 51.45%. The business had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the prior year, the firm posted $0.39 EPS. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that Starbucks will post $2.10 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Thursday, May 11th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, May 9th. Starbucks’s payout ratio is 51.28%.
In other Starbucks news, Director Myron E. Ullman III sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $60.43, for a total value of $1,208,600.00. Following the completion of the sale, the director now directly owns 34,000 shares of the company’s stock, valued at approximately $2,054,620. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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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