Starbucks (SBUX) Reaches New 12-Month High at $77.07

Share on StockTwits

Starbucks Co. (NASDAQ:SBUX) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $77.07 and last traded at $76.83, with a volume of 428160 shares traded. The stock had previously closed at $76.39.

Several research analysts have commented on the company. Piper Jaffray Companies lifted their price target on Starbucks from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. BidaskClub cut Starbucks from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. UBS Group cut Starbucks from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $72.00 to $78.00 in a research report on Monday, April 8th. Jefferies Financial Group boosted their price objective on Starbucks from $76.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, Goldman Sachs Group cut Starbucks from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $75.00 to $68.00 in a research report on Friday, January 11th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $69.08.

The company has a quick ratio of 1.16, a current ratio of 1.41 and a debt-to-equity ratio of 7.73. The company has a market cap of $95.00 billion, a P/E ratio of 31.86, a price-to-earnings-growth ratio of 2.17 and a beta of 0.51.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Thursday, January 24th. The coffee company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. The company had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.49 billion. Starbucks had a return on equity of 193.00% and a net margin of 11.98%. The business’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 earnings per share. Equities research analysts predict that Starbucks Co. will post 2.73 earnings per share for the current year.

In other Starbucks news, insider Clifford Burrows sold 152,634 shares of the business’s stock in a transaction on Tuesday, January 29th. The stock was sold at an average price of $67.22, for a total value of $10,260,057.48. Following the transaction, the insider now owns 311,083 shares of the company’s stock, valued at $20,910,999.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Vivek C. Varma sold 70,364 shares of the business’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $70.05, for a total value of $4,928,998.20. Following the completion of the transaction, the executive vice president now directly owns 138,004 shares in the company, valued at approximately $9,667,180.20. The disclosure for this sale can be found here. In the last three months, insiders sold 565,806 shares of company stock worth $38,789,988. Insiders own 3.98% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Kistler Tiffany Companies LLC boosted its holdings in Starbucks by 1.5% during the first 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 in the last quarter. Orrstown Financial Services Inc. lifted its stake in Starbucks by 1.2% in the first quarter. Orrstown Financial Services Inc. now owns 12,844 shares of the coffee company’s stock worth $955,000 after acquiring an additional 147 shares during the last quarter. Gardiner Nancy B lifted its stake in Starbucks by 2.8% in the fourth quarter. Gardiner Nancy B now owns 5,700 shares of the coffee company’s stock worth $367,000 after acquiring an additional 156 shares during the last quarter. Old North State Trust LLC lifted its stake in Starbucks by 20.6% in the first quarter. Old North State Trust LLC now owns 991 shares of the coffee company’s stock worth $73,000 after acquiring an additional 169 shares during the last quarter. Finally, Tiemann Investment Advisors LLC lifted its stake in Starbucks by 3.5% in the fourth quarter. Tiemann Investment Advisors LLC now owns 5,160 shares of the coffee company’s stock worth $332,000 after acquiring an additional 175 shares during the last quarter. 73.44% of the stock is currently owned by institutional investors.

WARNING: “Starbucks (SBUX) Reaches New 12-Month High at $77.07” was originally published by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://www.tickerreport.com/banking-finance/4316596/starbucks-sbux-reaches-new-12-month-high-at-77-07.html.

Starbucks Company Profile (NASDAQ:SBUX)

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.

Featured Story: What are no-load funds?

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



Latest News

Enquest Plc  Insider Buys £109,193 in Stock
Enquest Plc Insider Buys £109,193 in Stock
L Brands  to Release Quarterly Earnings on Wednesday
L Brands to Release Quarterly Earnings on Wednesday
TrueUSD Market Capitalization Tops $242.28 Million
TrueUSD Market Capitalization Tops $242.28 Million
Brokerages Expect Fortinet Inc  Will Announce Earnings of $0.50 Per Share
Brokerages Expect Fortinet Inc Will Announce Earnings of $0.50 Per Share
Obsidian Trading Down 30.4% This Week
Obsidian Trading Down 30.4% This Week
Monolithic Power Systems  Lowered to “Hold” at BidaskClub
Monolithic Power Systems Lowered to “Hold” at BidaskClub


© 2006-2019 Ticker Report