StockNews.com Lowers Starbucks (NASDAQ:SBUX) to Hold

equities research analysts have also issued research reports about the company. Starbucks was downgraded from 'buy' to 'hold'.

Investors received a Monday research note that changed the rating from a "buy" to a "hold".

There are also other research analysts who have written reports on the stock. Credit Suisse Group raised their target price for shares of Starbucks in a report published on Wednesday, 3rd May from $122,000 to $128,000. Royal Bank of Canada reduced its target price for shares of Starbucks in a report published on Wednesday, 3rd May from $115.00 down to $110.00. BTIG Research raised their target price for shares of Starbucks in a report published on Wednesday, 3rd May from $120.00 up to $125.00. Barclays raised their target price for shares of Starbucks in a report published on Wednesday, 3rd May from $120.00 to $127.00. In a report published on May 3, 51job reiterated its'maintains rating' on Starbucks shares. Thirteen analysts gave the stock a "hold" rating, and twelve others gave it a "buy" rating. On Monday, the stock rose $0.49 to $101.87. The stock of the company traded 11,709,100 share compared to an average of 6,292,855. Starbucks' 52-week low is $70.77, and its 52-week highest is $115.48. The company has a 50-day moving price of $104,33 and a 200-day moving price of $103,67. The company has a market capitalization of $116.78 billion, a P/E ratio of 33.07, a price-to-earnings-growth ratio of 1.77 and a beta of 0.96.

The last time ) released quarterly earnings was on May 2nd. The coffee company posted $0.74 per share for the quarter. This was $0.10 higher than the consensus estimate of $ 0.64. Starbucks' net margin was 10.46%, and its return on equity was negative 41.99%. The company had revenue of 8.72 billion dollars for the quarter compared with analyst estimates of 8 billion dollars. In the same quarter last year, the company earned $0.59 per share. Revenue for the third quarter increased by 14.2% when compared with the same period last year. Analysts expect Starbucks to post 3.43 earnings for the current fiscal year.

Institutional Trading of Starbucks

Recently, large investors bought and sold the company's shares. Advisory Alpha LLC increased its stake in Starbucks shares by 4.5% during first quarter. Advisory Alpha LLC owns 2,152 of the coffee company stock, valued at $224,000, after purchasing an additional 92 stocks during the last quarter. Spartan Planning & Wealth Management increased its stake in Starbucks shares by 19.2% during 4th quarter. Spartan Planning & Wealth Management owns 590 of the coffee company’s shares valued at $59,000, after purchasing 95 additional shares in the last quarter. Western Pacific Wealth Management LP increased its stake in Starbucks shares by 4.2% during first quarter. Western Pacific Wealth Management LP owns 2,379 of the coffee company stock, valued at $248,000, after purchasing 95 additional shares in the last quarter. First American Trust FSB increased its stake in Starbucks shares by 3.8% in the fourth quarter. First American Trust FSB owns 2,649 of the coffee company stock, valued at $263,000, after purchasing an additional 97 stocks during the last quarter. Perennial Investment Advisors LLC increased its holdings in Starbucks shares by 2.0% during the fourth quarter. Perennial Investment Advisors LLC owns 4,996 of the coffee company stock, valued at $496,000. This is after purchasing an additional 98 stocks during the last quarter. 69.68% is owned by institutional investors and hedge fund.

Starbucks

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Starbucks Corp. is engaged in the production, distribution, and retail of specialty coffee. It is divided into four segments: North America; International; Channel Development and Corporate and Other. North America focuses primarily on the United States of America and Canada. The International segment includes China, Japan and Asia Pacific as well as Europe, Middle East Africa, Latin America and Caribbean.

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