Royal Bank of Canada reiterated their outperform rating on shares of Starbucks Co. (NASDAQ:SBUX) in a research note issued to investors on Tuesday. The firm currently has a $66.00 price objective on the coffee company’s stock.

Several other analysts also recently commented on the company. Zacks Investment Research raised Starbucks from a hold rating to a buy rating and set a $64.00 price objective for the company in a research note on Tuesday. Vetr downgraded Starbucks from a strong-buy rating to a buy rating and set a $64.50 price objective for the company. in a research note on Tuesday. Cowen and Company reissued an outperform rating and issued a $66.00 price objective on shares of Starbucks in a research note on Monday. Deutsche Bank AG reissued a hold rating and issued a $59.00 price objective on shares of Starbucks in a research note on Tuesday, April 11th. Finally, BMO Capital Markets reissued a buy rating and issued a $62.00 price objective on shares of Starbucks in a research note on Tuesday, April 4th. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. Starbucks has an average rating of Buy and a consensus price target of $64.30.

Shares of Starbucks (NASDAQ:SBUX) traded up 0.52% on Tuesday, hitting $60.39. The company had a trading volume of 3,723,246 shares. The company has a market capitalization of $88.01 billion, a P/E ratio of 30.97 and a beta of 0.79. The firm has a 50-day moving average price of $56.93 and a 200 day moving average price of $56.20. Starbucks has a 12-month low of $50.84 and a 12-month high of $60.58.



Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, January 26th. The coffee company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. The firm earned $5.70 billion during the quarter, compared to the consensus estimate of $5.85 billion. Starbucks had a return on equity of 51.45% and a net margin of 13.30%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 earnings per share. Equities analysts expect that Starbucks will post $2.13 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Royal Bank of Canada Reaffirms “Outperform” Rating for Starbucks Co. (SBUX)” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.thecerbatgem.com/2017/04/21/royal-bank-of-canada-reaffirms-outperform-rating-for-starbucks-co-sbux.html.

In related news, Director Joshua Cooper Ramo sold 5,868 shares of Starbucks stock in a transaction on Tuesday, January 31st. The stock was sold at an average price of $55.23, for a total transaction of $324,089.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.40% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Garde Capital Inc. raised its stake in Starbucks by 53.8% in the third quarter. Garde Capital Inc. now owns 38,615 shares of the coffee company’s stock valued at $2,195,000 after buying an additional 13,505 shares in the last quarter. Trust Co. of Vermont raised its stake in Starbucks by 6.7% in the third quarter. Trust Co. of Vermont now owns 61,996 shares of the coffee company’s stock valued at $3,357,000 after buying an additional 3,903 shares in the last quarter. Merriman Wealth Management LLC raised its stake in Starbucks by 7.8% in the third quarter. Merriman Wealth Management LLC now owns 22,362 shares of the coffee company’s stock valued at $1,211,000 after buying an additional 1,611 shares in the last quarter. Duncker Streett & Co. Inc. raised its stake in Starbucks by 11.4% in the third quarter. Duncker Streett & Co. Inc. now owns 20,422 shares of the coffee company’s stock valued at $1,106,000 after buying an additional 2,092 shares in the last quarter. Finally, Eagle Capital Management LLC raised its stake in Starbucks by 2.9% in the third quarter. Eagle Capital Management LLC now owns 75,124 shares of the coffee company’s stock valued at $4,067,000 after buying an additional 2,143 shares in the last quarter. 68.49% of the stock is owned by institutional investors.

Starbucks Company Profile

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: 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.

5 Day Chart for NASDAQ:SBUX

Receive News & Stock Ratings for Starbucks Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starbucks Co. and related stocks with our FREE daily email newsletter.