Starbucks Corporation (SBUX) Rating Increased to Strong-Buy at Vetr Inc.

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.

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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.

Analyst Recommendations for Starbucks Corporation (NASDAQ:SBUX)

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