Starbucks (NASDAQ:SBUX) has been given a $66.00 target price by equities research analysts at UBS in a report released on Thursday. The brokerage presently has a “buy” rating on the coffee company’s stock. UBS’s target price suggests a potential upside of 11.86% from the company’s previous close.
Several other analysts have also recently weighed in on SBUX. Vetr cut shares of Starbucks from a “strong-buy” rating to a “buy” rating and set a $63.14 price target on the stock. in a report on Monday, November 20th. Zacks Investment Research cut shares of Starbucks from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Tigress Financial started coverage on shares of Starbucks in a report on Wednesday, December 27th. They issued a “buy” rating on the stock. Piper Jaffray Companies reiterated a “buy” rating and issued a $70.00 price target on shares of Starbucks in a report on Friday, January 5th. Finally, Barclays reiterated 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, January 16th. Thirteen equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $64.64.
Shares of Starbucks (NASDAQ:SBUX) opened at $59.00 on Thursday. The firm has a market cap of $83,450.47, a price-to-earnings ratio of 19.47, a P/E/G ratio of 1.64 and a beta of 0.66. Starbucks has a fifty-two week low of $52.58 and a fifty-two week high of $64.87. The company has a quick ratio of 0.81, a current ratio of 1.01 and a debt-to-equity ratio of 0.79.
Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Starbucks had a net margin of 19.28% and a return on equity of 56.35%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. equities analysts expect that Starbucks will post 2.49 EPS for the current year.
In related news, insider Clifford Burrows sold 162,826 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $57.02, for a total value of $9,284,338.52. Following the transaction, the insider now owns 331,829 shares in the company, valued at approximately $18,920,889.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Craig Weatherup sold 59,838 shares of the company’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $60.10, for a total transaction of $3,596,263.80. Following the completion of the transaction, the director now owns 26,500 shares in the company, valued at approximately $1,592,650. The disclosure for this sale can be found here. In the last quarter, insiders sold 247,664 shares of company stock worth $14,243,602. 3.40% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. raised its position in Starbucks by 7.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 181,476 shares of the coffee company’s stock worth $10,422,000 after buying an additional 12,080 shares during the last quarter. D.B. Root & Company LLC purchased a new position in Starbucks in the 4th quarter worth about $700,000. KCM Investment Advisors LLC raised its position in Starbucks by 3.8% in the 4th quarter. KCM Investment Advisors LLC now owns 139,432 shares of the coffee company’s stock worth $8,008,000 after buying an additional 5,055 shares during the last quarter. Xact Kapitalforvaltning AB raised its position in Starbucks by 6.8% in the 4th quarter. Xact Kapitalforvaltning AB now owns 255,700 shares of the coffee company’s stock worth $14,685,000 after buying an additional 16,391 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in Starbucks by 9.1% in the 4th quarter. Handelsbanken Fonder AB now owns 300,000 shares of the coffee company’s stock worth $17,229,000 after buying an additional 25,000 shares during the last quarter. Institutional investors own 73.63% of the company’s stock.
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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