Starbucks Co. (SBUX) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Starbucks Co. (NASDAQ:SBUX) have earned a consensus rating of “Buy” from the thirty-four analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $63.32.

A number of brokerages have recently issued reports on SBUX. Vetr lowered Starbucks from a “buy” rating to a “hold” rating and set a $61.72 target price on the stock. in a research report on Monday. Piper Jaffray Companies restated a “buy” rating and issued a $70.00 price objective on shares of Starbucks in a report on Friday. Zacks Investment Research lowered Starbucks from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Tigress Financial restated a “buy” rating on shares of Starbucks in a report on Tuesday, January 2nd. Finally, Morgan Stanley raised their price objective on Starbucks from $62.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, November 10th.

Starbucks (SBUX) traded down $0.27 during trading on Monday, reaching $59.34. The company’s stock had a trading volume of 4,020,000 shares, compared to its average volume of 8,480,000. The company has a current ratio of 1.25, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72. Starbucks has a 1-year low of $52.58 and a 1-year high of $64.87. The stock has a market cap of $84,430.00, a price-to-earnings ratio of 30.12, a PEG ratio of 1.61 and a beta of 0.76.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. Starbucks had a return on equity of 53.34% and a net margin of 12.89%. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same quarter in the prior year, the firm posted $0.56 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. sell-side analysts forecast that Starbucks will post 2.34 earnings per share for the current fiscal year.

In other news, Director Joshua Cooper Ramo sold 60,000 shares of Starbucks stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $59.43, for a total value of $3,565,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Javier G. Teruel sold 62,966 shares of Starbucks stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $57.61, for a total value of $3,627,471.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 497,808 shares of company stock valued at $28,559,521. 3.40% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of SBUX. Sumitomo Mitsui Financial Group Inc. acquired a new position in Starbucks during the third quarter worth approximately $111,000. Jacobi Capital Management LLC increased its position in Starbucks by 6.9% during the second quarter. Jacobi Capital Management LLC now owns 2,007 shares of the coffee company’s stock worth $116,000 after buying an additional 129 shares during the period. IHT Wealth Management LLC increased its position in Starbucks by 10.2% during the first quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock worth $117,000 after buying an additional 187 shares during the period. Valley National Advisers Inc. increased its position in Starbucks by 2.8% during the second quarter. Valley National Advisers Inc. now owns 2,089 shares of the coffee company’s stock worth $122,000 after buying an additional 57 shares during the period. Finally, Shine Investment Advisory Services Inc. acquired a new position in Starbucks during the second quarter worth approximately $128,000. Hedge funds and other institutional investors own 70.67% 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.

Analyst Recommendations for Starbucks (NASDAQ:SBUX)

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