Traders Sell Starbucks (SBUX) on Strength (SBUX)

Traders sold shares of Starbucks Co. (NASDAQ:SBUX) on strength during trading on Tuesday. $45.10 million flowed into the stock on the tick-up and $101.16 million flowed out of the stock on the tick-down, for a money net flow of $56.06 million out of the stock. Of all stocks tracked, Starbucks had the 0th highest net out-flow for the day. Starbucks traded up $0.40 for the day and closed at $59.83

A number of brokerages have issued reports on SBUX. Vetr raised shares of Starbucks from a “hold” rating to a “buy” rating and set a $59.39 target price on the stock in a report on Tuesday, April 3rd. Cowen cut shares of Starbucks from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $68.00 to $65.00 in a report on Friday, April 13th. Zacks Investment Research cut shares of Starbucks from a “hold” rating to a “sell” rating in a report on Tuesday, April 3rd. BidaskClub raised shares of Starbucks from a “hold” rating to a “buy” rating in a report on Friday, March 30th. Finally, UBS set a $66.00 target price on shares of Starbucks and gave the company a “buy” rating in a report on Thursday, March 15th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $64.17.

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The stock has a market capitalization of $84,097.05, a PE ratio of 28.88, a price-to-earnings-growth ratio of 1.66 and a beta of 0.64. 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 (NASDAQ:SBUX) last announced its earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $6.07 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same period in the previous year, the business earned $0.52 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. analysts expect that Starbucks Co. will post 2.49 EPS for the current fiscal year.

In related news, insider Clifford Burrows sold 162,826 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 331,829 shares in the company, valued at $18,920,889.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Myron E. Ullman III sold 25,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 39,000 shares of the company’s stock, valued at $2,126,280. The disclosure for this sale can be found here. Insiders sold 247,664 shares of company stock valued at $14,243,602 over the last quarter. 3.40% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in SBUX. Parnassus Investments CA purchased a new stake in Starbucks during the third quarter valued at about $498,863,000. Magellan Asset Management Ltd boosted its position in Starbucks by 18.1% during the fourth quarter. Magellan Asset Management Ltd now owns 30,912,781 shares of the coffee company’s stock valued at $1,775,321,000 after buying an additional 4,744,675 shares during the period. Capital International Investors boosted its position in Starbucks by 28.3% during the third quarter. Capital International Investors now owns 21,269,515 shares of the coffee company’s stock valued at $1,142,386,000 after buying an additional 4,696,452 shares during the period. Harding Loevner LP purchased a new stake in Starbucks during the third quarter valued at about $128,044,000. Finally, Lazard Asset Management LLC boosted its position in Starbucks by 300.6% during the fourth quarter. Lazard Asset Management LLC now owns 4,051,366 shares of the coffee company’s stock valued at $232,669,000 after buying an additional 3,040,030 shares during the period. Institutional investors own 73.47% of the company’s stock.

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Starbucks Company Profile

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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