The Starbucks Co. (SBUX) Upgraded to Buy by Deutsche Bank AG

The Starbucks Co. (SBUX) Upgraded to Buy by Deutsche Bank AG

A number of other equities analysts have also weighed in on the stock. Stifel Nicolaus raised shares of Starbucks to a “buy” rating in a research note on Saturday, May 13th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $65.00 target price on shares of Starbucks in a research note on Friday, May 12th. Zacks Investment Research lowered shares of Starbucks from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Stephens reaffirmed an “equal weight” rating and issued a $58.00 target price on shares of Starbucks in a research note on Friday, April 28th. Finally, Credit Suisse Group AG upped their target price on shares of Starbucks from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. Starbucks presently has an average rating of “Buy” and an average price target of $64.71.

Starbucks Co. (NASDAQ:SBUX) was upgraded by equities research analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating in a research report issued on Monday, May 15th. The firm presently has a $69.00 target price on the coffee company’s stock, up from their previous target price of $59.00. Deutsche Bank AG’s target price would indicate a potential upside of 6.86% from the stock’s current price.

Shares of Starbucks (SBUX) opened at 64.57 on Monday. Starbucks has a 12 month low of $50.84 and a 12 month high of $64.68. The firm has a market cap of $93.50 billion, a PE ratio of 31.93 and a beta of 0.79. The stock has a 50 day moving average price of $61.00 and a 200 day moving average price of $57.95. Starbucks also saw some unusual options trading activity on Friday. Investors purchased 24,679 call options on the stock. This is an increase of approximately 156% compared to the typical volume of 9,659 call options.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, April 27th. The coffee company reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. The firm had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.42 billion. Starbucks had a net margin of 13.30% and a return on equity of 51.45%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 EPS. On average, equities research analysts expect that Starbucks will post $2.11 EPS for the current year. The firm also recently announced a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Thursday, May 11th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 1.55%. Starbucks’s dividend payout ratio is presently 51.28%.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, April 27th. The coffee company reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. The firm had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.42 billion. Starbucks had a net margin of 13.30% and a return on equity of 51.45%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 EPS. On average, equities research analysts expect that Starbucks will post $2.11 EPS for the current year. In other news, insider Clifford Burrows sold 114,826 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $59.46, for a total transaction of $6,827,553.96. Following the transaction, the insider now directly owns 363,343 shares of the company’s stock, valued at $21,604,374.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Myron E. Ullman III sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $60.43, for a total transaction of $1,208,600.00. Following the sale, the director now owns 34,000 shares in the company, valued at approximately $2,054,620. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. V Wealth Management LLC raised its stake in shares of Starbucks by 61.4% in the third quarter. V Wealth Management LLC now owns 5,777 shares of the coffee company’s stock worth $313,000 after buying an additional 2,197 shares in the last quarter. DnB Asset Management AS raised its stake in shares of Starbucks by 5.7% in the third quarter. DnB Asset Management AS now owns 142,803 shares of the coffee company’s stock worth $6,965,000 after buying an additional 7,720 shares in the last quarter. Private Ocean LLC raised its stake in shares of Starbucks by 30,000.0% in the third quarter. Private Ocean LLC now owns 3,010 shares of the coffee company’s stock worth $163,000 after buying an additional 3,000 shares in the last quarter. Fragasso Group Inc. raised its stake in shares of Starbucks by 7.8% in the third quarter. Fragasso Group Inc. now owns 24,305 shares of the coffee company’s stock worth $1,315,000 after buying an additional 1,769 shares in the last quarter. Finally, Financial Architects Inc raised its stake in shares of Starbucks by 3.8% in the third quarter. Financial Architects Inc now owns 11,441 shares of the coffee company’s stock worth $619,000 after buying an additional 417 shares in the last quarter. Institutional investors and hedge funds own 68.49% of the company’s stock. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SBUX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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