Several brokerages have updated their recommendations and price targets on shares of Starbucks Corp. (NASDAQ: SBUX) in the last few weeks:

  • 9/21/2016 – Starbucks Corp. is now covered by analysts at Longbow Research. They set a “buy” rating on the stock.
  • 9/21/2016 – Starbucks Corp. was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Starbucks sales fell slightly short of expectations in the last two quarters. Again, Starbucks cut its full year sales and comps outlook at the third quarter conference call. However, the third quarter headwinds were typically temporary and Starbucks expects U.S. comps to improve in the next quarter. Starbucks’s operating fundamentals remain strong – solid global retail footprint, successful innovations, best-in-class loyalty program and digital offerings as well as rapid growth in the international markets. Again, digital initiatives like mobile order/pay, delivery services and third-party loyalty partnerships, food/beverage innovation, Starbucks Reserve premium coffees and Teavana tea can stimulate stronger sales trends in the Americas. CPG growth across the world as well as China/Asia expansion will also enhance value creation. However, accelerated global employee and digital investments can keep profits under strain for some time.”
  • 9/20/2016 – Starbucks Corp. was given a new $72.00 price target on by analysts at Piper Jaffray Cos.. They now have a “buy” rating on the stock.
  • 9/14/2016 – Starbucks Corp. was upgraded by analysts at Macquarie from a “buy” rating to a “strong-buy” rating.
  • 9/13/2016 – Starbucks Corp. had its “outperform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $68.00 price target on the stock.
  • 9/13/2016 – Starbucks Corp. was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $60.97 price target on the stock.
  • 9/12/2016 – Starbucks Corp. was given a new $64.00 price target on by analysts at BTIG Research. They now have a “buy” rating on the stock.
  • 9/9/2016 – Starbucks Corp. had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc..
  • 9/8/2016 – Starbucks Corp. had its “outperform” rating reaffirmed by analysts at Robert W. Baird.
  • 8/22/2016 – Starbucks Corp. was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $61.76 price target on the stock.
  • 8/14/2016 – Starbucks Corp. had its “buy” rating reaffirmed by analysts at Morgan Stanley. They now have a $64.00 price target on the stock.
  • 8/9/2016 – Starbucks Corp. was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $61.76 price target on the stock.
  • 8/5/2016 – Starbucks Corp. had its “neutral” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $58.00 price target on the stock.
  • 8/5/2016 – Starbucks Corp. had its “outperform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $68.00 price target on the stock.
  • 8/4/2016 – Starbucks Corp. was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $62.13 price target on the stock.
  • 8/3/2016 – Starbucks Corp. had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $65.00 price target on the stock.
  • 8/2/2016 – Starbucks Corp. had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $70.00 price target on the stock.
  • 7/26/2016 – Starbucks Corp. was upgraded by analysts at Goldman Sachs Group Inc. from a “buy” rating to a “conviction-buy” rating. They now have a $69.00 price target on the stock.
  • 7/25/2016 – Starbucks Corp. had its “outperform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $68.00 price target on the stock.
  • 7/25/2016 – Starbucks Corp. had its “buy” rating reaffirmed by analysts at Nomura. They now have a $70.00 price target on the stock.
  • 7/24/2016 – Starbucks Corp. was given a new $64.00 price target on by analysts at Deutsche Bank AG. They now have a “hold” rating on the stock.
  • 7/24/2016 – Starbucks Corp. had its “hold” rating reaffirmed by analysts at Stifel Nicolaus.

Starbucks Corp. (NASDAQ:SBUX) traded up 0.6456% during midday trading on Wednesday, reaching $53.6441. 6,002,894 shares of the company’s stock traded hands. Starbucks Corp. has a 1-year low of $52.63 and a 1-year high of $64.00. The firm has a market cap of $78.67 billion, a price-to-earnings ratio of 30.1371 and a beta of 0.80. The stock’s 50 day moving average price is $55.50 and its 200 day moving average price is $56.84.

Starbucks Corp. (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, July 21st. The coffee company reported $0.49 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. The company earned $5.20 billion during the quarter, compared to analyst estimates of $5.34 billion. Starbucks Corp. had a net margin of 13.01% and a return on equity of 46.89%. Equities research analysts anticipate that Starbucks Corp. will post $1.89 EPS for the current year.

In related news, Director Myron E. Ullman III sold 12,654 shares of the stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $58.70, for a total transaction of $742,789.80. Following the completion of the transaction, the director now owns 26,654 shares in the company, valued at $1,564,589.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 3.38% of the company’s stock.

Starbucks Corporation is the roaster, marketer and retailer of specialty coffee. The Company purchases and roasts coffees that it sells, along with coffee, tea and other beverages, and a range of fresh food items, through Company-operated stores. It also sells a range of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery and national foodservice accounts.

5 Day Chart for NASDAQ:SBUX

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