Starbucks Corp. (NASDAQ:SBUX)‘s stock had its “buy” rating reaffirmed by equities research analysts at Goldman Sachs Group Inc. in a research note issued to investors on Thursday, Analyst Ratings News reports. They currently have a $92.00 price objective on the stock. Goldman Sachs Group Inc.’s price objective would suggest a potential upside of 13.82% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray Cos. set a $89.00 price target on shares of Starbucks Corp. in a research note to investors on Thursday. Separately, 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 analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $75.86.
Starbucks Corp. (NASDAQ:SBUX) traded down 0.58% during mid-day trading on Thursday, hitting $80.365. The stock had a trading volume of 3,784,450 shares. Starbucks Corp. has a one year low of $45.39 and a one year 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 $60.386 billion and a price-to-earnings ratio of 38.69. Starbucks Corp. also saw unusually large options trading activity on Monday. Stock traders purchased 10,843 put options on the company. This is an increase of approximately 206% compared to the average 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 declared a quarterly dividend, which is scheduled for Friday, November 29th. Investors of record on Thursday, November 14th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a 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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