Starbucks Corporation (SBUX) Earns Buy Rating from Instinet

Starbucks Corporation (SBUX) Earns Buy Rating from Instinet

Starbucks Corporation accounts for 2.6% of Roanoke Asset Management Corp NY's holdings, making the stock its 8th largest position.

A number of other hedge funds have also recently modified their holdings of SBUX. The New York-based Howe And Rusling has invested 0.77% in Starbucks Corporation (NASDAQ:SBUX). Starbucks Corporation had a net margin of 12.93% and a return on equity of 52.82%. Zevin Asset Management LLC now owns 61,924 shares of the coffee company's stock worth $3,616,000 after buying an additional 625 shares during the period. Zevin Asset Management LLC now owns 61,924 shares of the coffee company's stock valued at $3,616,000 after buying an additional 625 shares during the period. Finally, Norway Savings Bank raised its stake in Starbucks Corporation by 1.7% in the first quarter. Lee Danner & Bass Inc bought 6,750 shares as the company's stock rose 6.99% with the market. Castleark Management LLC increased its position in Starbucks Corporation by 5.5% in the fourth quarter. Norway Savings Bank now owns 6,525 shares of the coffee company's stock worth $381,000 after buying an additional 110 shares during the last quarter. At the time of writing, Shares the company recently traded 9.42% away 52-week low and noted price movement -14.24% away from the 52-week high level. Starbucks Corporation has a 1-year low of $50.84 and a 1-year high of $64.87.

Price earnings ratio (P/E) ratio Analysis about BB&T Corporation (BBT)? The 50 day moving average was down $-4.11 whereas the 200 day average was down by -7.6761%. More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Seekingalpha.com and their article: "Starbucks sized up after guidance reset" published on August 08, 2017 as well as Fool.com's news article titled: "This Is Why the Market Ignored Starbucks Corporation's Billion-Dollar China ..." with publication date: July 31, 2017.

The company's Average Earnings Estimate for the Current Fiscal quarter is $0.55, according to consensus of 29 analysts. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since August 9, 2016 and is uptrending. The firm had revenue of $5.66 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the prior year, the business posted $0.49 earnings per share.

"Starbucks continues to produce record financial and operating results quarter after quarter, and open a new class of over 2,000 stores around the world every year, that continue to outperform competitors and deliver industry-leading AUVs and profit, starting virtually from the day they open their doors", Starbucks spokesperson Reggie Borges said.

Burberry Group (LON:BRBY) Issued "Neutral" Recommendation at Credit Suisse Group
It dropped, as 26 investors sold Hub Group Inc shares while 65 reduced holdings. 0 funds opened positions while 0 raised stakes. The stock of Halyard Health Inc (NYSE:HYH) earned "Buy" rating by Stifel Nicolaus on Wednesday, December 2.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. A recommendation of 1 or 2 would represent a consensus Buy. Starbucks Corporation's dividend payout ratio is 50.76%.

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The median target of analyst views collected by Yahoo Finance was as much as $11.26 below SBUX's recent stock price. BMO Capital Markets maintained Starbucks Corporation (NASDAQ:SBUX) rating on Friday, October 30. Finally, Zacks Investment Research lowered Starbucks Corporation from a "hold" rating to a "sell" rating in a report on Monday, July 31st.

Several research analysts have issued reports on the company. Vetr upgraded Starbucks Corporation from a "buy" rating to a "strong-buy" rating and set a $67.14 price target on the stock in a report on Thursday, June 22nd. $64.49's average target is 19.10% above currents $54.15 stock price.

In other Starbucks Corporation news, Director Myron E. Ullman III sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, June 14th. (NOV) declined -4.19% and its total traded volume was 3.22 million shares contrast to the average volume of 3.13 million shares. The Birinyi Associates Inc holds 33,120 shares with $1.84M value, down from 45,650 last quarter. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Following the purchase, the director now owns 18,000 shares of the company's stock, valued at approximately $995,400. The shares were bought at an average cost of $55.30 per share, with a total value of $995,400.00. The disclosure for this sale can be found here. The stock of Starbucks Corporation (NASDAQ:SBUX) has "Hold" rating given on Wednesday, November 2 by Deutsche Bank. The Firm operates through four divisions: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development. It is positive, as 41 investors sold CPRT shares while 111 reduced holdings.

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