Traders Buy Shares of Starbucks Co. (SBUX) on Weakness

Investors purchased shares of Starbucks Co. (NASDAQ:SBUX) on weakness during trading on Friday. $145.03 million flowed into the stock on the tick-up and $101.35 million flowed out of the stock on the tick-down, for a money net flow of $43.68 million into the stock. Of all companies tracked, Starbucks had the 19th highest net in-flow for the day. Starbucks traded down ($0.83) for the day and closed at $54.57

SBUX has been the subject of a number of analyst reports. KeyCorp initiated coverage on shares of Starbucks in a research note on Thursday, June 22nd. They set an “overweight” rating and a $68.00 target price for the company. Vetr raised shares of Starbucks from a “buy” rating to a “strong-buy” rating and set a $67.14 target price for the company in a research note on Thursday, June 22nd. UBS AG set a $70.00 target price on shares of Starbucks and gave the stock a “buy” rating in a research note on Wednesday, June 28th. Sanford C. Bernstein reissued an “outperform” rating and set a $67.00 target price on shares of Starbucks in a research note on Wednesday, June 28th. Finally, BidaskClub downgraded shares of Starbucks from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Starbucks presently has an average rating of “Buy” and a consensus price target of $64.24.

The firm’s 50 day moving average is $54.70 and its 200-day moving average is $57.64. The stock has a market capitalization of $78.79 billion, a PE ratio of 27.55 and a beta of 0.78.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, July 27th. The coffee company reported $0.55 EPS for the quarter, meeting analysts’ consensus estimates of $0.55. Starbucks had a return on equity of 48.46% and a net margin of 12.21%. The company had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the business posted $0.49 EPS. Starbucks’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts anticipate that Starbucks Co. will post $2.06 EPS for the current fiscal year.

In related news, Director Jorgen Vig Knudstorp acquired 18,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was acquired at an average price of $55.30 per share, for a total transaction of $995,400.00. Following the purchase, the director now owns 18,000 shares of the company’s stock, valued at approximately $995,400. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Myron E. Ullman III sold 22,966 shares of Starbucks stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $53.41, for a total value of $1,226,614.06. Following the completion of the transaction, the director now owns 36,966 shares of the company’s stock, valued at approximately $1,974,354.06. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Jacobi Capital Management LLC boosted its stake in shares of Starbucks by 2.7% in the 1st quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock valued at $109,000 after buying an additional 50 shares during the period. Gradient Investments LLC boosted its stake in shares of Starbucks by 2.5% in the 2nd quarter. Gradient Investments LLC now owns 1,911 shares of the coffee company’s stock valued at $111,000 after buying an additional 46 shares during the period. Sharkey Howes & Javer boosted its stake in shares of Starbucks by 8.5% in the 2nd quarter. Sharkey Howes & Javer now owns 1,924 shares of the coffee company’s stock valued at $112,000 after buying an additional 150 shares during the period. IHT Wealth Management LLC boosted its stake in shares of Starbucks by 10.2% in the 1st quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock valued at $117,000 after buying an additional 187 shares during the period. Finally, TrimTabs Asset Management LLC purchased a new positi

SBUX has been the subject of a number of analyst reports. KeyCorp initiated coverage on shares of Starbucks in a research note on Thursday, June 22nd. They set an “overweight” rating and a $68.00 target price for the company. Vetr raised shares of Starbucks from a “buy” rating to a “strong-buy” rating and set a $67.14 target price for the company in a research note on Thursday, June 22nd. UBS AG set a $70.00 target price on shares of Starbucks and gave the stock a “buy” rating in a research note on Wednesday, June 28th. Sanford C. Bernstein reissued an “outperform” rating and set a $67.00 target price on shares of Starbucks in a research note on Wednesday, June 28th. Finally, BidaskClub downgraded shares of Starbucks from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Starbucks presently has an average rating of “Buy” and a consensus price target of $64.24.

The firm’s 50 day moving average is $54.70 and its 200-day moving average is $57.64. The stock has a market capitalization of $78.79 billion, a PE ratio of 27.55 and a beta of 0.78.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, July 27th. The coffee company reported $0.55 EPS for the quarter, meeting analysts’ consensus estimates of $0.55. Starbucks had a return on equity of 48.46% and a net margin of 12.21%. The company had revenue of $5.66 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the business posted $0.49 EPS. Starbucks’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts anticipate that Starbucks Co. will post $2.06 EPS for the current fiscal year.

In related news, Director Jorgen Vig Knudstorp acquired 18,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was acquired at an average price of $55.30 per share, for a total transaction of $995,400.00. Following the purchase, the director now owns 18,000 shares of the company’s stock, valued at approximately $995,400. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Myron E. Ullman III sold 22,966 shares of Starbucks stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $53.41, for a total value of $1,226,614.06. Following the completion of the transaction, the director now owns 36,966 shares of the company’s stock, valued at approximately $1,974,354.06. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Jacobi Capital Management LLC boosted its stake in shares of Starbucks by 2.7% in the 1st quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock valued at $109,000 after buying an additional 50 shares during the period. Gradient Investments LLC boosted its stake in shares of Starbucks by 2.5% in the 2nd quarter. Gradient Investments LLC now owns 1,911 shares of the coffee company’s stock valued at $111,000 after buying an additional 46 shares during the period. Sharkey Howes & Javer boosted its stake in shares of Starbucks by 8.5% in the 2nd quarter. Sharkey Howes & Javer now owns 1,924 shares of the coffee company’s stock valued at $112,000 after buying an additional 150 shares during the period. IHT Wealth Management LLC boosted its stake in shares of Starbucks by 10.2% in the 1st quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock valued at $117,000 after buying an additional 187 shares during the period. Finally, TrimTabs Asset Management LLC purchased a new position in shares of Starbucks in the 1st quarter valued at about $122,000. Institutional investors and hedge funds own 70.77% of the company’s stock.

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Starbucks Company Profile

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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