Headlines about Starbucks (NASDAQ:SBUX) have been trending somewhat negative on Tuesday, Accern reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Starbucks earned a coverage optimism score of -0.10 on Accern’s scale. Accern also assigned news articles about the coffee company an impact score of 49.7187540150296 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Starbucks to close 8,000 U.S. stores for racial-bias training (feeds.reuters.com)
- Statement from Starbucks and Attorney Stewart Cohen from Cohen, Placitella & Roth (markets.financialcontent.com)
- Starbucks to Close All Stores Nationwide for Racial-Bias Education on May 29 (markets.financialcontent.com)
- The Latest: Starbucks to close stores for bias training (marketbeat.com)
- W. Kamau Bell: I know what it’s like to get kicked out for being black (cnn.com)
SBUX has been the topic of a number of research reports. Tigress Financial initiated coverage on Starbucks in a report on Wednesday, December 27th. They issued a “buy” rating on the stock. Piper Jaffray reaffirmed a “buy” rating and issued a $70.00 target price on shares of Starbucks in a research note on Friday, January 5th. Vetr lowered Starbucks from a “buy” rating to a “hold” rating and set a $61.72 target price on the stock. in a research note on Monday, January 8th. Barclays reaffirmed an “equal weight” rating and issued a $65.00 target price (up previously from $58.00) on shares of Starbucks in a research note on Tuesday, January 16th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $70.00 target price (up previously from $66.00) on shares of Starbucks in a research note on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nineteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $64.17.
Shares of SBUX stock traded up $0.43 during trading hours on Tuesday, hitting $59.86. 3,437,728 shares of the company were exchanged, compared to its average volume of 10,405,563. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.81 and a current ratio of 1.01. Starbucks has a one year low of $52.58 and a one year high of $64.87. The stock has a market capitalization of $83,267.74, a price-to-earnings ratio of 29.06, a PEG ratio of 1.64 and a beta of 0.63.
Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.01. Starbucks had a net margin of 19.28% and a return on equity of 56.35%. The firm had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter last year, the company posted $0.52 earnings per share. Starbucks’s revenue was up 5.9% on a year-over-year basis. research analysts forecast that Starbucks will post 2.49 EPS for the current year.
In other news, Director Myron E. Ullman III sold 25,000 shares of Starbucks stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $54.52, for a total transaction of $1,363,000.00. Following the sale, the director now owns 39,000 shares of the company’s stock, valued at $2,126,280. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Craig Weatherup sold 59,838 shares of Starbucks stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $60.10, for a total value of $3,596,263.80. Following the sale, the director now directly owns 26,500 shares in the company, valued at approximately $1,592,650. The disclosure for this sale can be found here. Insiders sold 247,664 shares of company stock worth $14,243,602 in the last three months. 3.48% of the stock is currently owned by corporate insiders.
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Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.
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