On Jun 27, 2018 Jefferies Reaffirms Stock Buy Rating on Starbucks (NASDAQ:SBUX) and $61 Target.

June 27, 2018 - By Samuel McNeil

Starbucks Corporation (NASDAQ:SBUX) Corporate Logo

During 2018 Q1 the big money sentiment decreased to 0.93. That’s change of 0.12, from 2017Q4’s 1.05. 61 investors sold all, 485 reduced holdings as Starbucks Corporation ratio dived. 391 rose stakes while 118 funds bought stakes. Funds hold 955.12 million shares thus 2.87% less from 2017Q4’s 983.38 million shares.

The California-based Gamble Jones Counsel has invested 0.05% in Starbucks Corporation (NASDAQ:SBUX). Brown Advisory Securities Limited Liability Company accumulated 87,770 shs. Invest Of Virginia Limited Liability Corp owns 0.38% invested in Starbucks Corporation (NASDAQ:SBUX) for 27,896 shs. World Asset invested in 95,790 shs. Nomura Asset Mngmt owns 212,984 shs. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mngmt reported 199,000 shs. 1,000 were accumulated by D Scott Neal. Gator Cap Limited Liability Corp invested in 0.56% or 10,020 shs. 84.18M are held by Blackrock. Prentiss Smith And Com accumulated 1,200 shs. Sns Fincl Grp Inc Llc owns 0.83% invested in Starbucks Corporation (NASDAQ:SBUX) for 52,728 shs. Arete Wealth Lc holds 0.38% or 19,797 shs in its capital. Pacifica Capital Llc accumulated 522,636 shs. Iowa Retail Bank has 28,648 shs. 2,812 are held by Financial Architects Inc.

Starbucks Corporation registered $13.62 million net activity with 0 insider buys and 3 insider sales since January 31, 2018. 162,826 shs valued at $9.28 million were sold by BURROWS CLIFFORD on Wednesday, January 31. On Tuesday, March 13 WEATHERUP CRAIG sold $3.60 million worth of Starbucks Corporation (NASDAQ:SBUX).

Reiterated Starbucks (NASDAQ:SBUX) Rating.

In analysts report revealed to investors by Jefferies’s research professionals, Starbucks (NASDAQ:SBUX) had it’s stock Rating reconfirmed to Buy. On 26 June it has $61 or 20.96 % target price per share that indicates a potential upside move.

Starbucks Corporation (NASDAQ:SBUX) Ratings Coverage

A total of 22 analysts rate Starbucks Corp (NASDAQ:SBUX) as follows: 11 “Buy”, 11 “Hold” and 0 “Sell”. Тherefore 50% are bullish. (NASDAQ:SBUX) has 36 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Wednesday, June 20 the stock of Starbucks Corporation (NASDAQ:SBUX) earned “Market Perform” rating by Telsey Advisory Group. On Friday, January 26 the firm earned “Buy” rating by Nomura. The company rating was maintained by Credit Suisse on Friday, January 26. On Friday, January 19 the stock of Starbucks Corporation (NASDAQ:SBUX) has “Buy” rating given by Cowen & Co. The stock rating was maintained by William Blair with “Outperform” on Friday, January 26. On Friday, January 26 the rating was maintained by Barclays Capital with “Hold”. The company rating was maintained by J.P. Morgan on Monday, March 12. On Wednesday, June 20 the firm has “Neutral” rating given by Mizuho. On Tuesday, June 26 Jefferies maintained the shares of SBUX in report with “Buy” rating. On Friday, January 26 Oppenheimer maintained Starbucks Corporation (NASDAQ:SBUX) with “Outperform” rating.

Ticker’s shares touched $50.43 during the last trading session after 0.10% change.Starbucks Corporation has volume of 4.14 million shares. Since June 27, 2017 SBUX has declined 7.92% and is downtrending. SBUX underperformed by 20.49% the S&P 500.

Starbucks Corporation (NASDAQ:SBUX)’s quarterly earnings will be published on July, 26., as reported by RTT. Last year’s earnings per share was $0.55, while now analysts expect change of 18.18 % up from current $0.65 earnings per share. If SBUX’s EPS is $0.65 the profit will hit $896.99 million for 19.40 P/E. After $0.53 EPS report last quarter, Wall Street now forecasts 22.64 % EPS growth of Starbucks Corporation.

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide.The firm is valued at $69.59 billion. The firm operates in four divisions: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development.The P/E ratio is 16.55. The Company’s stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

For more Starbucks Corporation (NASDAQ:SBUX) news announced recently go to: 247Wallst.com, Benzinga.com, Nasdaq.com, Fool.com or Seekingalpha.com. The titles are as follows: “Starbucks 500-Calorie Menu” announced on June 25, 2018, “Should Investors Buy The Dip In Starbucks? These Street Analysts Are Saying No” on June 20, 2018, “Is Starbucks’ US Price Increase Funding Growth in China?” with a publish date: June 27, 2018, “Is It Finally Time to Sell Starbucks?” and the last “Oppenheimer still positive on Starbucks” with publication date: June 20, 2018.

Starbucks Corporation (NASDAQ:SBUX) Institutional Investors Chart

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