Starbucks Corp. (NASDAQ:SBUX)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank in a research report issued on Thursday, ARN reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Starbucks Corp. in a research note to investors on Thursday. They now have a $92.00 price target on the stock. Separately, analysts at Piper Jaffray Cos. set a $89.00 price target on shares of Starbucks Corp. in a research note to investors on Thursday. Finally, analysts at Ned Davis Research upgraded shares of Starbucks Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, October 21st. Six investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Starbucks Corp. presently has a consensus rating of “Buy” and an average price target of $75.52.
Shares of Starbucks Corp. (NASDAQ:SBUX) traded up 0.25% on Thursday, hitting $81.03. 5,945,806 shares of the company’s stock traded hands. Starbucks Corp. has a 52 week low of $45.39 and a 52 week high of $75.91. The stock has a 50-day moving average of $77.44 and a 200-day moving average of $69.40. The company has a market cap of $60.886 billion and a P/E ratio of 38.69. Starbucks Corp. also saw some unusual options trading on Monday. Investors bought 10,843 put options on the company. This represents an increase of 206% compared to the typical volume of 3,539 put options.
Starbucks Corp. (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts predict that Starbucks Corp. will post $2.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 29th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.29%.
Starbucks Corporation is a roaster, marketer and retailer of coffee operating in 60 countries. The Company purchases and roasts coffees that it sells, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through Company-operated stores.
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