Starbucks Corporation (NASDAQ:SBUX) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday. The firm currently has a $64.05 price target on the coffee company’s stock. Vetr‘s price target would indicate a potential upside of 12.74% from the company’s current price.
A number of other equities research analysts have also weighed in on the stock. UBS AG set a $64.00 target price on shares of Starbucks Corporation and gave the stock a “buy” rating in a report on Wednesday, November 15th. Morgan Stanley upped their target price on shares of Starbucks Corporation from $62.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, November 10th. Credit Suisse Group restated a “buy” rating on shares of Starbucks Corporation in a report on Monday, November 6th. Deutsche Bank AG lowered their target price on shares of Starbucks Corporation to $62.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Finally, BMO Capital Markets lowered their target price on shares of Starbucks Corporation from $56.00 to $52.00 and set a “market perform” rating on the stock in a report on Friday, November 3rd. Twelve investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. Starbucks Corporation currently has a consensus rating of “Buy” and a consensus target price of $63.31.
Starbucks Corporation (SBUX) opened at $56.81 on Tuesday. The stock has a market cap of $81,880.00, a PE ratio of 27.50, a PEG ratio of 1.56 and a beta of 0.72. The company has a current ratio of 1.25, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72. Starbucks Corporation has a 1 year low of $52.58 and a 1 year high of $64.87.
Starbucks Corporation (NASDAQ:SBUX) last posted its earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.55. Starbucks Corporation had a net margin of 12.89% and a return on equity of 53.34%. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same quarter in the prior year, the business posted $0.56 EPS. The firm’s revenue was down .2% compared to the same quarter last year. research analysts forecast that Starbucks Corporation will post 2.31 earnings per share for the current fiscal year.
In other news, Director Myron E. Ullman III sold 22,966 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $53.41, for a total transaction of $1,226,614.06. Following the sale, the director now owns 36,966 shares in the company, valued at approximately $1,974,354.06. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John Culver sold 64,776 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $53.54, for a total transaction of $3,468,107.04. Following the sale, the insider now owns 390,341 shares in the company, valued at approximately $20,898,857.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 443,884 shares of company stock valued at $25,041,780. Insiders own 3.40% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. State of Tennessee Treasury Department raised its position in Starbucks Corporation by 1.9% in the 1st quarter. State of Tennessee Treasury Department now owns 880,646 shares of the coffee company’s stock worth $51,421,000 after purchasing an additional 16,639 shares during the period. CIBC World Markets Inc. raised its position in Starbucks Corporation by 1.5% in the 1st quarter. CIBC World Markets Inc. now owns 420,622 shares of the coffee company’s stock worth $24,560,000 after purchasing an additional 6,170 shares during the period. Financial Advisory Service Inc. raised its position in Starbucks Corporation by 3.3% in the 1st quarter. Financial Advisory Service Inc. now owns 5,582 shares of the coffee company’s stock worth $326,000 after purchasing an additional 179 shares during the period. Holderness Investments Co. purchased a new position in Starbucks Corporation in the 1st quarter worth $379,000. Finally, State of Wisconsin Investment Board raised its position in Starbucks Corporation by 23.0% in the 1st quarter. State of Wisconsin Investment Board now owns 1,669,299 shares of the coffee company’s stock worth $97,470,000 after purchasing an additional 312,457 shares during the period. Hedge funds and other institutional investors own 71.49% of the company’s stock.
About Starbucks Corporation
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.
Receive News & Ratings for Starbucks Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks Corporation and related companies with MarketBeat.com's FREE daily email newsletter.