A number of other analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Starbucks from a hold rating to a buy rating and set a $65.00 price target on the stock in a report on Monday, January 16th. Vetr raised shares of Starbucks from a buy rating to a strong-buy rating and set a $64.53 price target on the stock in a report on Monday, March 6th. Wells Fargo & Co reaffirmed an outperform rating and set a $65.00 price target on shares of Starbucks in a report on Monday, March 20th. Royal Bank of Canada reaffirmed an outperform rating and set a $66.00 price target on shares of Starbucks in a report on Monday, March 13th. Finally, OTR Global raised shares of Starbucks to a positive rating in a report on Wednesday, January 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. Starbucks currently has a consensus rating of Buy and a consensus target price of $64.67.
Starbucks (NASDAQ:SBUX) opened at 59.675 on Friday. The company’s 50-day moving average is $59.52 and its 200 day moving average is $57.23. Starbucks has a 12-month low of $50.84 and a 12-month high of $61.94. The stock has a market capitalization of $86.42 billion, a PE ratio of 29.513 and a beta of 0.79.
Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Thursday, April 27th. The coffee company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.42 billion. Starbucks had a net margin of 13.30% and a return on equity of 51.45%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 EPS. On average, equities research analysts expect that Starbucks will post $2.11 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Starbucks Co. (SBUX) Stock Rating Reaffirmed by Jefferies Group LLC” was originally published by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another domain, it was illegally stolen and republished in violation of international copyright legislation. The correct version of this report can be read at https://www.com-unik.info/2017/05/18/starbucks-co-sbux-stock-rating-reaffirmed-by-jefferies-group-llc.html.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Thursday, May 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, May 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.67%. Starbucks’s dividend payout ratio is presently 51.28%.
In other Starbucks news, Director Myron E. Ullman III sold 20,000 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $60.43, for a total value of $1,208,600.00. Following the completion of the transaction, the director now directly owns 34,000 shares in the company, valued at $2,054,620. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.40% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the company. Baltimore Washington Financial Advisors Inc. purchased a new position in shares of Starbucks during the fourth quarter worth approximately $16,059,000. Gradient Investments LLC increased its position in Starbucks by 62.6% in the first quarter. Gradient Investments LLC now owns 1,865 shares of the coffee company’s stock valued at $109,000 after buying an additional 718 shares during the period. IHT Wealth Management LLC increased its position in Starbucks by 10.2% in the first quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock valued at $117,000 after buying an additional 187 shares during the period. Valley National Advisers Inc. increased its position in Starbucks by 0.3% in the first quarter. Valley National Advisers Inc. now owns 2,032 shares of the coffee company’s stock valued at $119,000 after buying an additional 7 shares during the period. Finally, TrimTabs Asset Management LLC bought a new position in Starbucks during the first quarter valued at about $122,000. Institutional investors and hedge funds own 68.49% of the company’s stock.
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.
What are top analysts saying about Starbucks Co.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Starbucks Co. and related companies.