BidaskClub lowered shares of Starbucks Corporation (NASDAQ:SBUX) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

Other analysts have also issued reports about the company. UBS AG set a $70.00 target price on Starbucks Corporation and gave the stock a buy rating in a report on Tuesday, April 25th. Stifel Nicolaus raised Starbucks Corporation from a hold rating to a buy rating and increased their target price for the stock from $60.00 to $67.00 in a report on Wednesday, April 19th. They noted that the move was a valuation call. Vetr lowered Starbucks Corporation from a strong-buy rating to a buy rating and set a $64.50 target price on the stock. in a report on Tuesday, April 18th. Zacks Investment Research raised Starbucks Corporation from a hold rating to a buy rating and set a $64.00 target price on the stock in a report on Tuesday, April 18th. Finally, BMO Capital Markets reissued a buy rating and set a $62.00 target price on shares of Starbucks Corporation in a report on Tuesday, April 4th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have assigned a buy rating and three have given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $65.19.

Shares of Starbucks Corporation (NASDAQ SBUX) traded down 9.24% during midday trading on Tuesday, hitting $54.00. 53,454,789 shares of the stock traded hands. The company has a market capitalization of $78.59 billion, a P/E ratio of 27.26 and a beta of 0.82. Starbucks Corporation has a 1-year low of $50.84 and a 1-year high of $64.87. The stock has a 50 day moving average of $58.89 and a 200 day moving average of $58.54.

Starbucks Corporation (NASDAQ:SBUX) last released its earnings results on Thursday, July 27th. The coffee company reported $0.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.55. The company had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.76 billion. Starbucks Corporation had a return on equity of 53.01% and a net margin of 12.93%. Starbucks Corporation’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 EPS. Equities research analysts predict that Starbucks Corporation will post $2.10 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was originally posted by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://www.watchlistnews.com/starbucks-corporation-nasdaqsbux-downgraded-by-bidaskclub-to-sell/1461737.html.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Thursday, August 10th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.85%. Starbucks Corporation’s payout ratio is currently 50.76%.

In other news, insider Clifford Burrows sold 114,826 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $59.46, for a total transaction of $6,827,553.96. Following the completion of the sale, the insider now owns 363,343 shares in the company, valued at $21,604,374.78. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Myron E. Ullman III sold 20,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director now owns 34,000 shares of the company’s stock, valued at approximately $2,054,620. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 144,826 shares of company stock valued at $8,642,454. Corporate insiders own 3.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in SBUX. Seven Eight Capital LP purchased a new stake in Starbucks Corporation during the fourth quarter valued at approximately $753,000. Ancora Advisors LLC purchased a new stake in Starbucks Corporation during the fourth quarter valued at approximately $219,000. Banco Santander S.A. purchased a new stake in Starbucks Corporation during the fourth quarter valued at approximately $3,069,000. Guggenheim Capital LLC increased its stake in Starbucks Corporation by 17.8% in the fourth quarter. Guggenheim Capital LLC now owns 1,463,722 shares of the coffee company’s stock valued at $81,266,000 after buying an additional 221,606 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Starbucks Corporation by 28.8% in the fourth quarter. AQR Capital Management LLC now owns 615,570 shares of the coffee company’s stock valued at $34,176,000 after buying an additional 137,659 shares in the last quarter. Hedge funds and other institutional investors own 69.65% of the company’s stock.

About Starbucks Corporation

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 Corporation (NASDAQ:SBUX)

Receive News & Ratings for Starbucks Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.