Traders Sell Starbucks (SBUX) on Strength (SBUX)

Traders sold shares of Starbucks Co. (NASDAQ:SBUX) on strength during trading hours on Thursday. $75.90 million flowed into the stock on the tick-up and $137.91 million flowed out of the stock on the tick-down, for a money net flow of $62.01 million out of the stock. Of all equities tracked, Starbucks had the 0th highest net out-flow for the day. Starbucks traded up $0.43 for the day and closed at $61.09

Several research firms have weighed in on SBUX. Oppenheimer reaffirmed a “buy” rating and issued a $66.00 price target on shares of Starbucks in a report on Friday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $70.00 price target (up previously from $66.00) on shares of Starbucks in a report on Friday. Barclays reaffirmed an “equal weight” rating and issued a $65.00 price target (up previously from $58.00) on shares of Starbucks in a report on Tuesday. Vetr cut Starbucks from a “buy” rating to a “hold” rating and set a $61.72 price target on the stock. in a report on Monday, January 8th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $70.00 price target on shares of Starbucks in a report on Friday, January 5th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Starbucks presently has a consensus rating of “Buy” and a consensus price target of $63.54.

The firm has a market capitalization of $87,400.00, a PE ratio of 31.10, a price-to-earnings-growth ratio of 1.65 and a beta of 0.76. The company has a quick ratio of 0.93, a current ratio of 1.25 and a debt-to-equity ratio of 0.72.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.55. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.81 billion. Starbucks had a return on equity of 53.34% and a net margin of 12.89%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company earned $0.56 EPS. sell-side analysts forecast that Starbucks Co. will post 2.38 earnings per share for the current fiscal year.

In related news, SVP Paul Mutty sold 3,000 shares of Starbucks stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $56.95, for a total transaction of $170,850.00. Following the sale, the senior vice president now directly owns 10,438 shares in the company, valued at $594,444.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Howard D. Schultz sold 290,176 shares of Starbucks stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $57.03, for a total value of $16,548,737.28. Following the sale, the insider now owns 29,872,564 shares in the company, valued at $1,703,632,324.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 497,808 shares of company stock worth $28,559,521. Corporate insiders own 3.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SBUX. Fulton Bank N.A. boosted its position in shares of Starbucks by 12.1% during the second quarter. Fulton Bank N.A. now owns 15,799 shares of the coffee company’s stock valued at $921,000 after purchasing an additional 1,706 shares in the last quarter. Tompkins Financial Corp raised its stake in Starbucks by 0.8% during the second quarter. Tompkins Financial Corp now owns 21,128 shares of the coffee company’s stock valued at $1,232,000 after buying an additional 177 shares during the last quarter. Lincoln Capital LLC raised its stake in Starbucks by 0.5% during the second quarter. Lincoln Capital LLC now owns 153,309 shares of the coffee company’s stock valued at $8,939,000 after buying an additional 744 shares during the last quarter. Confluence Investment Management LLC raised its stake in Starbucks by 49.9% during the second quarter. Confluence Investment Management LLC now owns 708,542 shares of the coffee company’s stock valued at $41,315,000 after buying an additional 235,920 shares during the last quarter. Finally, GW&K Investment Management LLC raised its stake in Starbucks by 6.5% during the second quarter. GW&K Investment Management LLC now owns 241,645 shares of the coffee company’s stock valued at $14,090,000 after buying an additional 14,712 shares during the last quarter. Institutional investors own 70.72% 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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