Starbucks (SBUX) Earns Buy Rating from Tigress Financial

Tigress Financial restated their buy rating on shares of Starbucks (NASDAQ:SBUX) in a research note published on Tuesday.

SBUX has been the subject of several other research reports. Credit Suisse Group decreased their price objective on Starbucks from $56.00 to $54.00 and set a neutral rating for the company in a report on Friday, November 3rd. Deutsche Bank reaffirmed a buy rating and set a $67.00 target price on shares of Starbucks in a report on Monday, October 9th. BMO Capital Markets reaffirmed a hold rating on shares of Starbucks in a report on Thursday, October 5th. OTR Global raised Starbucks to a positive rating in a report on Thursday, October 26th. Finally, Vetr lowered Starbucks from a strong-buy rating to a buy rating and set a $64.32 target price for the company. in a report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $63.26.

Shares of Starbucks (NASDAQ SBUX) opened at $59.61 on Tuesday. Starbucks has a twelve month low of $52.58 and a twelve month high of $64.87. The firm has a market capitalization of $85,790.00, a PE ratio of 30.26, a P/E/G ratio of 1.59 and a beta of 0.76. The company has a quick ratio of 0.93, a current ratio of 1.25 and a debt-to-equity ratio of 0.72.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 earnings per share for the quarter, hitting the consensus estimate of $0.55. Starbucks had a return on equity of 53.34% and a net margin of 12.89%. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same quarter last year, the firm posted $0.56 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. analysts forecast that Starbucks will post 2.33 earnings per share for the current year.

In other Starbucks news, SVP Paul Mutty sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $56.95, for a total value of $170,850.00. Following the completion of the sale, the senior vice president now owns 10,438 shares in the company, valued at $594,444.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joshua Cooper Ramo sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $59.43, for a total value of $3,565,800.00. The disclosure for this sale can be found here. Insiders sold a total of 497,808 shares of company stock valued at $28,559,521 in the last 90 days. 3.40% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Middleton & Co Inc MA lifted its position in Starbucks by 11.8% in the third quarter. Middleton & Co Inc MA now owns 98,873 shares of the coffee company’s stock valued at $5,310,000 after purchasing an additional 10,458 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in Starbucks by 12.5% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 92,401 shares of the coffee company’s stock valued at $5,388,000 after purchasing an additional 10,250 shares during the last quarter. Geneva Advisors LLC lifted its position in Starbucks by 2.3% in the second quarter. Geneva Advisors LLC now owns 2,750,639 shares of the coffee company’s stock valued at $160,390,000 after purchasing an additional 63,041 shares during the last quarter. Janus Henderson Group PLC lifted its position in Starbucks by 3,076.5% in the second quarter. Janus Henderson Group PLC now owns 13,889,820 shares of the coffee company’s stock valued at $809,917,000 after purchasing an additional 13,452,551 shares during the last quarter. Finally, Private Vista LLC increased its stake in shares of Starbucks by 3,334.9% during the second quarter. Private Vista LLC now owns 219,699 shares of the coffee company’s stock valued at $160,000 after buying an additional 213,303 shares during the period. 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.

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