Starbucks Corporation (NASDAQ:SBUX)‘s stock had its “overweight” rating reaffirmed by Morgan Stanley in a report issued on Wednesday. They currently have a $62.00 price objective on the coffee company’s stock. Morgan Stanley’s price objective would suggest a potential upside of 13.55% from the stock’s current price.

A number of other equities research analysts have also weighed in on SBUX. Mizuho initiated coverage on shares of Starbucks Corporation in a report on Thursday, June 8th. They issued a “buy” rating and a $75.00 target price on the stock. Vetr upgraded shares of Starbucks Corporation from a “hold” rating to a “buy” rating and set a $65.47 price objective for the company in a research note on Thursday, June 8th. Sanford C. Bernstein reiterated a “buy” rating and issued a $67.00 price objective on shares of Starbucks Corporation in a research note on Monday, June 12th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $66.00 price objective on shares of Starbucks Corporation in a research note on Tuesday, June 13th. Finally, Wedbush lowered shares of Starbucks Corporation from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $61.00 to $65.00 in a research note on Wednesday, June 14th. They noted that the move was a valuation call. Thirteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $64.34.

Starbucks Corporation (NASDAQ:SBUX) opened at 54.60 on Wednesday. The company has a market cap of $78.84 billion, a PE ratio of 27.56 and a beta of 0.78. Starbucks Corporation has a one year low of $50.84 and a one year high of $64.87. The stock has a 50 day moving average price of $54.29 and a 200 day moving average price of $57.75.

Starbucks Corporation (NASDAQ:SBUX) last posted its earnings results on Thursday, July 27th. The coffee company reported $0.55 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.55. Starbucks Corporation had a net margin of 12.93% and a return on equity of 52.82%. The company had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same quarter in the prior year, the business posted $0.49 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Starbucks Corporation will post $2.06 EPS for the current fiscal year.

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In other news, insider John Culver sold 64,776 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $53.54, for a total transaction of $3,468,107.04. Following the sale, the insider now owns 390,341 shares in the company, valued at approximately $20,898,857.14. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jorgen Vig Knudstorp acquired 18,000 shares of the stock in a transaction dated Friday, August 4th. The shares were bought at an average price of $55.30 per share, for a total transaction of $995,400.00. Following the transaction, the director now owns 18,000 shares in the company, valued at approximately $995,400. The disclosure for this purchase can be found here. Company insiders own 3.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Jacobi Capital Management LLC raised its position in shares of Starbucks Corporation by 2.7% during the 1st quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock valued at $109,000 after buying an additional 50 shares in the last quarter. Gradient Investments LLC raised its position in shares of Starbucks Corporation by 2.5% during the 2nd quarter. Gradient Investments LLC now owns 1,911 shares of the coffee company’s stock valued at $111,000 after buying an additional 46 shares in the last quarter. Sharkey Howes & Javer raised its position in shares of Starbucks Corporation by 8.5% during the 2nd quarter. Sharkey Howes & Javer now owns 1,924 shares of the coffee company’s stock valued at $112,000 after buying an additional 150 shares in the last quarter. IHT Wealth Management LLC raised its position in shares of Starbucks Corporation by 10.2% during the 1st quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock valued at $117,000 after buying an additional 187 shares in the last quarter. Finally, TrimTabs Asset Management LLC purchased a new stake in shares of Starbucks Corporation during the 1st quarter valued at $122,000. Hedge funds and other institutional investors own 70.83% 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)

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