Starbucks (NASDAQ:SBUX) was upgraded by research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Monday. The brokerage currently has a $62.03 price objective on the coffee company’s stock. Vetr‘s price objective would indicate a potential upside of 13.42% from the stock’s current price.

A number of other research analysts also recently weighed in on SBUX. BidaskClub downgraded shares of Starbucks from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Mizuho downgraded shares of Starbucks from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $68.00 to $75.00 in a research report on Thursday. They noted that the move was a valuation call. BTIG Research reiterated a “buy” rating and issued a $64.00 price objective on shares of Starbucks in a research report on Friday, January 26th. Oppenheimer reiterated a “buy” rating and issued a $66.00 price objective on shares of Starbucks in a research report on Friday, January 26th. Finally, Zacks Investment Research upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Starbucks presently has an average rating of “Buy” and an average price target of $64.32.

Shares of Starbucks (NASDAQ:SBUX) traded down $1.08 during trading on Monday, hitting $54.69. 15,933,806 shares of the company’s stock were exchanged, compared to its average volume of 10,460,000. The firm has a market capitalization of $77,810.00, a P/E ratio of 18.05, a P/E/G ratio of 1.54 and a beta of 0.70. Starbucks has a 1-year low of $52.58 and a 1-year high of $64.87. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.81 and a current ratio of 1.01.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, January 25th. The coffee company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $6.19 billion. Starbucks had a net margin of 19.28% and a return on equity of 56.35%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 earnings per share. sell-side analysts expect that Starbucks will post 2.49 earnings per share for the current fiscal year.

In other news, Director Joshua Cooper Ramo sold 60,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $59.43, for a total value of $3,565,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Howard D. Schultz sold 290,176 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $57.03, for a total transaction of $16,548,737.28. Following the completion of the sale, the insider now directly owns 29,872,564 shares of the company’s stock, valued at approximately $1,703,632,324.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 660,634 shares of company stock valued at $37,843,859. 3.48% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Ken Stern & Associates Inc. grew its stake in shares of Starbucks by 0.4% in the 2nd quarter. Ken Stern & Associates Inc. now owns 5,662 shares of the coffee company’s stock valued at $330,000 after buying an additional 23 shares during the period. Spectrum Management Group Inc. boosted its position in shares of Starbucks by 0.3% during the 2nd quarter. Spectrum Management Group Inc. now owns 10,630 shares of the coffee company’s stock worth $620,000 after purchasing an additional 30 shares during the period. Risk Paradigm Group LLC boosted its position in shares of Starbucks by 0.7% during the 2nd quarter. Risk Paradigm Group LLC now owns 7,470 shares of the coffee company’s stock worth $436,000 after purchasing an additional 50 shares during the period. Valley National Advisers Inc. boosted its position in shares of Starbucks by 2.8% during the 2nd quarter. Valley National Advisers Inc. now owns 2,089 shares of the coffee company’s stock worth $122,000 after purchasing an additional 57 shares during the period. Finally, GHP Investment Advisors Inc. boosted its position in shares of Starbucks by 0.8% during the 2nd quarter. GHP Investment Advisors Inc. now owns 7,657 shares of the coffee company’s stock worth $446,000 after purchasing an additional 64 shares during the period. 71.87% of the stock is owned by institutional investors and hedge funds.

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About Starbucks

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Starbucks (NASDAQ:SBUX)

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