Starbucks' (NASDAQ:SBUX) Outperform Rating Reiterated at Telsey Advisory Group

Traffic Jam       Starbucks's same-store sales growth in the U.S. has recently been driven by bigger checks              Source Bloomberg

Traffic Jam Starbucks's same-store sales growth in the U.S. has recently been driven by bigger checks Source Bloomberg

Barrett Asset Management Llc acquired 300,300 shares as Starbucks Corp Com (SBUX)'s stock rose 6.99%.

Starbucks Corporation (NASDAQ:SBUX) touched its 1-Year High price of $64.87 on 06/05/17 and its 1-Year Low price of $52.58 on 08/18/17. Wedbush maintained the shares of SBUX in report on Friday, July 22 with "Outperform" rating. The rating was maintained by Robert W. Baird on Tuesday, January 2 with "Buy". 94,861 were reported by Meiji Yasuda Asset Ltd. Janney Montgomery Scott Llc owns 0.14% invested in Starbucks Corporation (NASDAQ:SBUX) for 232,916 shares. invested in 41.02M shares or 0.5% of the stock. Insiders own 3.40% of the company's stock.

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of Starbucks Co.

Analysts believe that the company has the potential to earn average revenue of $5.79 Billion for the current quarter. Finally, Oppenheimer reiterated a "buy" rating and issued a $66.00 target price on shares of Starbucks in a research report on Friday, January 19th.

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The company also repurchased 28.5 million shares of common stock in the quarter. Finally, Horan Capital Advisors LLC. bought a new stake in shares of Starbucks during the 3rd quarter valued at $131,000. Vetr lowered Starbucks from a buy rating to a hold rating and set a $61.72 target price for the a research report on Monday, January 8th. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Following the transaction, the senior vice president now owns 10,438 shares of the company's stock, valued at $594,444.10.

The company now has an insider ownership of 2.2 Percent and Institutional ownership of 75.3 Percent. The PE ratio of 30.82 helps investors explore how much they should pay for a stock based on its current earnings. BTIG Research reissued a buy rating and issued a $64.00 price objective on shares of Starbucks in a research report on Friday. Starbucks had a return on equity of 56.65% and a net margin of 19.28%. (NYSE:PAYC) on Wednesday, November 1 with "Outperform" rating.

Other institutional investors and hedge funds also recently modified their holdings of the company. Simple BUY signals occur when prices close above the moving average; SELL signals occur when prices fall below the moving average. While earnings and revenue were generally in line with expectations, full-year guidance of $1.45 to $1.70 per share was largely below the consensus for $1.63 per share.

Company executives reiterated that Starbucks, which sometimes locates stores across the street from each other, was not losing business to cannibalization or rising competition from both high-end and low-cost coffee sellers.

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X Estimates: Profit growth of 10% to 57 cents a share on a 7% sales increase to $6.14 billion, according to Zacks Investment Research. It also reduced its holding in Abbvie Inc (NYSE:ABBV) by 6,300 shares in the quarter, leaving it with 21,363 shares, and cut its stake in Pan American Silver Corp (NASDAQ:PAAS). Leavell Investment Management Inc. lifted its holdings in shares of Starbucks by 9.8% during the 2nd quarter. Citigroup Inc stated it has 8,518 shares or 0% of all its holdings. Moreover, Arete Wealth Advisors Lc has 0.42% invested in Starbucks Corporation (NASDAQ:SBUX) for 19,444 shares. Starbucks's payout ratio is 39.60%.

For the current quarter, 29 analysts are projecting a mean EPS of $0.52/share.

Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) [Trend Analysis] runs in leading trade, it surging 1.06% to trade at $133.32. Aperio Group Limited Liability Company invested in 0% or 42,464 shares. The disclosure for this sale can be found here. "(NASDAQ:SBUX) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank" was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and global copyright legislation. Roberts Glore Il reported 0.15% in Starbucks Corporation (NASDAQ:SBUX). The company operates in the Consumer Cyclical sector with a market capitalization of 85.91 Million. Analysts soured on holiday sales that showed sales growth of 2% in the Americas, 1% in China and Pacific, and a 1% dip in Europe, the Middle East, and Africa.

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