Starbucks (NASDAQ:SBUX) had its price objective upped by research analysts at Piper Jaffray Companies from $77.00 to $82.00 in a research note issued to investors on Monday, The Fly reports. The brokerage currently has a “neutral” rating on the coffee company’s stock. Piper Jaffray Companies’ price objective points to a potential downside of 0.45% from the company’s previous close. The analysts noted that the move was a valuation call.

Several other research firms have also weighed in on SBUX. BidaskClub upgraded shares of Starbucks from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. Telsey Advisory Group reiterated a “market perform” rating and issued a $80.00 target price (up from $70.00) on shares of Starbucks in a report on Monday, May 6th. Zacks Investment Research upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Wednesday, May 15th. Citigroup increased their target price on shares of Starbucks from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Finally, Stephens increased their target price on shares of Starbucks from $65.00 to $72.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $74.37.

Shares of NASDAQ SBUX opened at $82.37 on Monday. Starbucks has a fifty-two week low of $47.37 and a fifty-two week high of $83.33. The company has a market capitalization of $99.90 billion, a P/E ratio of 34.04, a price-to-earnings-growth ratio of 2.31 and a beta of 0.50. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 7.73.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, April 25th. The coffee company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. Starbucks had a net margin of 11.87% and a negative return on equity of 494.61%. The business had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.33 billion. During the same period in the prior year, the business posted $0.53 earnings per share. Starbucks’s revenue was up 4.5% compared to the same quarter last year. Research analysts predict that Starbucks will post 2.78 EPS for the current fiscal year.

In related news, insider John Culver sold 63,937 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $78.04, for a total value of $4,989,643.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Myron E. Ullman III sold 9,973 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $76.12, for a total transaction of $759,144.76. The disclosure for this sale can be found here. 3.98% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Community Bank N.A. boosted its holdings in shares of Starbucks by 2.1% during the 1st quarter. Community Bank N.A. now owns 6,783 shares of the coffee company’s stock worth $504,000 after buying an additional 140 shares during the period. Kistler Tiffany Companies LLC boosted its holdings in shares of Starbucks by 1.5% during the 1st quarter. Kistler Tiffany Companies LLC now owns 9,461 shares of the coffee company’s stock worth $703,000 after buying an additional 142 shares during the period. Crawford Investment Counsel Inc. boosted its holdings in shares of Starbucks by 1.1% during the 1st quarter. Crawford Investment Counsel Inc. now owns 12,631 shares of the coffee company’s stock worth $939,000 after buying an additional 142 shares during the period. Lucia Wealth Services LLC boosted its holdings in shares of Starbucks by 9.6% during the 1st quarter. Lucia Wealth Services LLC now owns 1,655 shares of the coffee company’s stock worth $123,000 after buying an additional 145 shares during the period. Finally, Orrstown Financial Services Inc. boosted its holdings in shares of Starbucks by 1.2% during the 1st quarter. Orrstown Financial Services Inc. now owns 12,844 shares of the coffee company’s stock worth $955,000 after buying an additional 147 shares during the period. 71.67% of the stock is owned by institutional investors.

About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Analyst Recommendations for Starbucks (NASDAQ:SBUX)

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