Starbucks Corporation (SBUX) Rating Reiterated by Deutsche Bank AG

Starbucks Corporation (NASDAQ:SBUX)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank AG in a research report issued on Monday. They presently have a $67.00 price objective on the coffee company’s stock. Deutsche Bank AG’s target price suggests a potential upside of 20.89% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. UBS AG set a $70.00 target price on Starbucks Corporation and gave the company a “buy” rating in a research report on Wednesday, June 28th. Wedbush reissued a “hold” rating on shares of Starbucks Corporation in a research report on Friday, July 28th. BTIG Research reissued a “buy” rating and issued a $64.00 target price on shares of Starbucks Corporation in a research report on Sunday, July 30th. Instinet reissued a “buy” rating and issued a $67.00 target price (down previously from $70.00) on shares of Starbucks Corporation in a research report on Sunday, July 30th. Finally, Stephens reissued an “equal weight” rating and issued a $52.00 target price (down previously from $58.00) on shares of Starbucks Corporation in a research report on Friday, September 29th. 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 stock currently has an average rating of “Buy” and an average price target of $64.24.

Starbucks Corporation (NASDAQ SBUX) opened at 55.42 on Monday. The company has a market cap of $80.02 billion, a P/E ratio of 27.98 and a beta of 0.78. The firm’s 50 day moving average is $54.48 and its 200 day moving average is $57.76. Starbucks Corporation has a 12-month low of $50.84 and a 12-month high of $64.87.

Starbucks Corporation (NASDAQ:SBUX) last announced its earnings results on Thursday, July 27th. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.55. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same quarter last year, the firm earned $0.49 EPS. Starbucks Corporation’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities research 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 company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $53.54, for a total transaction of $3,468,107.04. Following the completion of the sale, the insider now directly 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 hyperlink. Also, Director Myron E. Ullman III sold 22,966 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $53.41, for a total value of $1,226,614.06. Following the sale, the director now owns 36,966 shares of the company’s stock, valued at $1,974,354.06. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Appropriate Balance Financial Services Inc. lifted its position in shares of Starbucks Corporation by 1.6% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 839 shares of the coffee company’s stock valued at $14,396,000 after acquiring an additional 13 shares during the period. Union Bankshares Corp lifted its position in shares of Starbucks Corporation by 0.4% during the 2nd quarter. Union Bankshares Corp now owns 3,508 shares of the coffee company’s stock valued at $204,000 after acquiring an additional 14 shares during the period. Ken Stern & Associates Inc. lifted its position in shares of Starbucks Corporation by 0.4% during the 2nd quarter. Ken Stern & Associates Inc. now owns 5,662 shares of the coffee company’s stock valued at $330,000 after acquiring an additional 23 shares during the period. Vaughan David Investments Inc. IL lifted its position in shares of Starbucks Corporation by 0.6% during the 1st quarter. Vaughan David Investments Inc. IL now owns 4,649 shares of the coffee company’s stock valued at $271,000 after acquiring an additional 26 shares during the period. Finally, CWM LLC lifted its position in shares of Starbucks Corporation by 0.6% during the 2nd quarter. CWM LLC now owns 5,279 shares of the coffee company’s stock valued at $308,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 70.82% 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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