Starbucks Corporation (SBUX) Downgraded by Vetr Inc.

Starbucks Corporation (NASDAQ:SBUX) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Monday. They currently have a $64.32 price target on the coffee company’s stock. Vetr‘s price objective would indicate a potential upside of 12.76% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Jefferies Group LLC reiterated an “average” rating and set a $65.00 price objective on shares of Starbucks Corporation in a research note on Friday, July 28th. BTIG Research reiterated a “buy” rating and set a $64.00 price objective on shares of Starbucks Corporation in a research note on Sunday, July 30th. UBS AG set a $67.00 price objective on shares of Starbucks Corporation and gave the stock a “buy” rating in a research note on Friday, July 28th. Bank of America Corporation reiterated a “buy” rating and set a $65.00 price objective (down previously from $66.00) on shares of Starbucks Corporation in a research note on Sunday, July 30th. Finally, Instinet reiterated a “buy” rating and set a $67.00 price objective (down previously from $70.00) on shares of Starbucks Corporation in a research note on Sunday, July 30th. Twelve equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Starbucks Corporation presently has an average rating of “Buy” and a consensus target price of $63.31.

Shares of Starbucks Corporation (NASDAQ:SBUX) opened at $57.04 on Monday. Starbucks Corporation has a twelve month low of $52.58 and a twelve month high of $64.87. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.93. The company has a market cap of $81,658.46, a PE ratio of 27.56, a PEG ratio of 1.56 and a beta of 0.72.

Starbucks Corporation (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, November 2nd. The coffee company reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.81 billion. Starbucks Corporation had a net margin of 12.89% and a return on equity of 53.34%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 EPS. sell-side analysts expect that Starbucks Corporation will post 2.31 earnings per share for the current year.

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In other Starbucks Corporation news, insider John Culver sold 64,776 shares of the company’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 completion of the transaction, the insider now directly owns 390,341 shares in the company, valued at $20,898,857.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Javier G. Teruel sold 62,966 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $57.61, for a total transaction of $3,627,471.26. The disclosure for this sale can be found here. Insiders have sold 150,708 shares of company stock valued at $8,322,192 over the last 90 days. 3.40% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of SBUX. Allegis Investment Advisors LLC raised its position in shares of Starbucks Corporation by 52.1% in the first quarter. Allegis Investment Advisors LLC now owns 38,622 shares of the coffee company’s stock valued at $2,255,000 after buying an additional 13,225 shares during the last quarter. Lincoln National Corp raised its position in shares of Starbucks Corporation by 29.7% in the first quarter. Lincoln National Corp now owns 15,942 shares of the coffee company’s stock valued at $931,000 after buying an additional 3,650 shares during the last quarter. Karp Capital Management Corp raised its position in shares of Starbucks Corporation by 2,225.0% in the first quarter. Karp Capital Management Corp now owns 737,008 shares of the coffee company’s stock valued at $43,034,000 after buying an additional 705,309 shares during the last quarter. TD Asset Management Inc. raised its position in shares of Starbucks Corporation by 9.3% in the first quarter. TD Asset Management Inc. now owns 774,915 shares of the coffee company’s stock valued at $45,247,000 after buying an additional 66,178 shares during the last quarter. Finally, Ardevora Asset Management LLP raised its position in shares of Starbucks Corporation by 4.2% in the first quarter. Ardevora Asset Management LLP now owns 395,800 shares of the coffee company’s stock valued at $23,111,000 after buying an additional 16,100 shares during the last quarter. Institutional investors own 70.83% 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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