Starbucks Corporation (NASDAQ:SBUX) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday. The brokerage presently has a $64.12 price target on the coffee company’s stock. Vetr‘s price objective indicates a potential upside of 13.21% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Jefferies Group LLC reissued an “average” rating and set a $65.00 price objective on shares of Starbucks Corporation in a research note on Friday, July 28th. Instinet reissued a “buy” rating and set a $67.00 price objective (down from $70.00) on shares of Starbucks Corporation in a research note on Sunday, July 30th. UBS AG set a $67.00 price objective on Starbucks Corporation and gave the stock a “buy” rating in a research note on Friday, July 28th. Bank of America Corporation reissued a “buy” rating and set a $65.00 price objective (down from $66.00) on shares of Starbucks Corporation in a research note on Sunday, July 30th. Finally, BTIG Research reissued a “buy” rating and set a $64.00 price objective on shares of Starbucks Corporation in a research note on Sunday, July 30th. Twelve research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $63.31.

Shares of Starbucks Corporation (NASDAQ:SBUX) opened at $56.64 on Tuesday. Starbucks Corporation has a 1 year low of $52.58 and a 1 year high of $64.87. The company has a current ratio of 1.25, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $81,658.46, a P/E ratio of 27.56, a PEG ratio of 1.56 and a beta of 0.72.

Starbucks Corporation (NASDAQ:SBUX) last posted its earnings results on Thursday, November 2nd. The coffee company reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. The firm had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.81 billion. Starbucks Corporation had a return on equity of 53.34% and a net margin of 12.89%. The firm’s revenue was down .2% compared to the same quarter last year. During the same period last year, the firm earned $0.56 EPS. research analysts predict that Starbucks Corporation will post 2.31 earnings per share for the current fiscal year.

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In related news, Director Javier G. Teruel sold 62,966 shares of Starbucks Corporation stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $57.61, for a total transaction of $3,627,471.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Culver sold 64,776 shares of Starbucks Corporation stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $53.54, for a total value of $3,468,107.04. Following the sale, the insider now directly owns 390,341 shares in the company, valued at $20,898,857.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 150,708 shares of company stock worth $8,322,192. 3.40% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Jacobi Capital Management LLC grew its position in Starbucks Corporation by 2.7% during the first quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock worth $109,000 after buying an additional 50 shares in the last quarter. Gradient Investments LLC grew its position in Starbucks Corporation by 2.5% during the second quarter. Gradient Investments LLC now owns 1,911 shares of the coffee company’s stock worth $111,000 after buying an additional 46 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Starbucks Corporation during the third quarter worth about $111,000. Sharkey Howes & Javer grew its position in Starbucks Corporation by 8.5% during the second quarter. Sharkey Howes & Javer now owns 1,924 shares of the coffee company’s stock worth $112,000 after buying an additional 150 shares in the last quarter. Finally, IHT Wealth Management LLC grew its position in Starbucks Corporation by 10.2% during the first quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock worth $117,000 after buying an additional 187 shares in the last quarter. 72.01% of the stock is currently owned by institutional investors and hedge funds.

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)

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