Jefferies Maintained Starbucks Corp (NASDAQ:SBUX) As a Buy; They Now Have a TP Of $69.0

April 17, 2018 - By Michael Collier

Starbucks Corporation (NASDAQ:SBUX) Logo

Investors sentiment increased to 1.05 in 2017 Q4. Its up 0.08, from 0.97 in 2017Q3. It increased, as 63 investors sold Starbucks Corporation shares while 449 reduced holdings. 114 funds opened positions while 423 raised stakes. 983.38 million shares or 1.10% more from 972.68 million shares in 2017Q3 were reported.

Oxbow Advisors Limited Co has invested 0.06% in Starbucks Corporation (NASDAQ:SBUX). Aimz Advisors Limited Liability has invested 0.25% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Stevens First Principles Advsrs has 1,700 shares for 0.05% of their portfolio. Waters Parkerson & Llc has 0.02% invested in Starbucks Corporation (NASDAQ:SBUX) for 4,400 shares. Mutual Of America Capital Mgmt Lc, New York-based fund reported 180,633 shares. Citigroup has invested 0.06% in Starbucks Corporation (NASDAQ:SBUX). 19,339 are held by Denver Investment Advsrs Ltd Liability. Advisory Ntwk reported 0.12% in Starbucks Corporation (NASDAQ:SBUX). Two Creeks Capital Management L P has 5.8% invested in Starbucks Corporation (NASDAQ:SBUX) for 1.89 million shares. Lincoln Corporation has 0.06% invested in Starbucks Corporation (NASDAQ:SBUX). Global X Mgmt Limited Company has 24,169 shares for 0.03% of their portfolio. Telemus has invested 0.02% in Starbucks Corporation (NASDAQ:SBUX). Mechanics Natl Bank Trust Department invested in 0.11% or 8,660 shares. Northstar invested 2% in Starbucks Corporation (NASDAQ:SBUX). Brighton Jones Limited Co owns 106,488 shares.

Since January 31, 2018, it had 0 insider buys, and 3 insider sales for $13.62 million activity. WEATHERUP CRAIG sold $3.60M worth of Starbucks Corporation (NASDAQ:SBUX) on Tuesday, March 13. Shares for $9.28M were sold by BURROWS CLIFFORD.

Starbucks Corp (NASDAQ:SBUX) Rating Reaffirmed

New York: In a report revealed to investors on 22 December, Jefferies reaffirmed their Buy rating on Starbucks Corp (NASDAQ:SBUX) shares. They now have a $69.0 target price per share on the firm. Jefferies’s target gives a potential upside of 15.37 % from the company’s last stock close price.

Investors sentiment increased to 1.05 in 2017 Q4. Its up 0.08, from 0.97 in 2017Q3. It increased, as 63 investors sold Starbucks Corporation shares while 449 reduced holdings. 114 funds opened positions while 423 raised stakes. 983.38 million shares or 1.10% more from 972.68 million shares in 2017Q3 were reported.

Oxbow Advisors Limited Co has invested 0.06% in Starbucks Corporation (NASDAQ:SBUX). Aimz Advisors Limited Liability has invested 0.25% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Stevens First Principles Advsrs has 1,700 shares for 0.05% of their portfolio. Waters Parkerson & Llc has 0.02% invested in Starbucks Corporation (NASDAQ:SBUX) for 4,400 shares. Mutual Of America Capital Mgmt Lc, New York-based fund reported 180,633 shares. Citigroup has invested 0.06% in Starbucks Corporation (NASDAQ:SBUX). 19,339 are held by Denver Investment Advsrs Ltd Liability. Advisory Ntwk reported 0.12% in Starbucks Corporation (NASDAQ:SBUX). Two Creeks Capital Management L P has 5.8% invested in Starbucks Corporation (NASDAQ:SBUX) for 1.89 million shares. Lincoln Corporation has 0.06% invested in Starbucks Corporation (NASDAQ:SBUX). Global X Mgmt Limited Company has 24,169 shares for 0.03% of their portfolio. Telemus has invested 0.02% in Starbucks Corporation (NASDAQ:SBUX). Mechanics Natl Bank Trust Department invested in 0.11% or 8,660 shares. Northstar invested 2% in Starbucks Corporation (NASDAQ:SBUX). Brighton Jones Limited Co owns 106,488 shares.

Since January 31, 2018, it had 0 insider buys, and 3 insider sales for $13.62 million activity. WEATHERUP CRAIG sold $3.60M worth of Starbucks Corporation (NASDAQ:SBUX) on Tuesday, March 13. Shares for $9.28M were sold by BURROWS CLIFFORD.

Starbucks Corporation (NASDAQ:SBUX) Ratings Coverage

Among 19 analysts covering Starbucks Corp (NASDAQ:SBUX), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Starbucks Corp has $75.0 highest and $52 lowest target. $66.43’s average target is 11.08% above currents $59.805 stock price. Starbucks Corp had 34 analyst reports since November 1, 2017 according to SRatingsIntel. The rating was downgraded by Cowen & Co to “Market Perform” on Friday, April 13. On Thursday, December 21 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm earned “Buy” rating on Wednesday, November 15 by UBS. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Neutral” rating given on Thursday, February 1 by Mizuho. The firm has “Buy” rating given on Monday, March 12 by J.P. Morgan. The rating was maintained by Nomura with “Buy” on Friday, November 3. Robert W. Baird maintained the shares of SBUX in report on Thursday, January 25 with “Buy” rating. Piper Jaffray maintained Starbucks Corporation (NASDAQ:SBUX) rating on Friday, November 3. Piper Jaffray has “Buy” rating and $70.0 target. The firm has “Market Perform” rating by BMO Capital Markets given on Friday, November 3. Mizuho maintained the stock with “Buy” rating in Wednesday, November 1 report.

The stock increased 0.63% or $0.375 during the last trading session, reaching $59.805. About 3.77 million shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 0.40% since April 17, 2017 and is uptrending. It has underperformed by 11.15% the S&P500.

Analysts await Starbucks Corporation (NASDAQ:SBUX) to report earnings on April, 26. They expect $0.53 EPS, up 17.78 % or $0.08 from last year’s $0.45 per share. SBUX’s profit will be $744.97M for 28.21 P/E if the $0.53 EPS becomes a reality. After $0.65 actual EPS reported by Starbucks Corporation for the previous quarter, Wall Street now forecasts -18.46 % negative EPS growth.

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company has market cap of $84.06 billion. The firm operates in four divisions: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. It has a 19.83 P/E ratio. The Company’s stores offer coffee and tea beverages, packaged roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, juices, and bottled water; an assortment of fresh food and snack offerings; and various food products, such as pastries, breakfast sandwiches, and lunch items, as well as beverage-making equipment and accessories.

Starbucks Corporation (NASDAQ:SBUX) Institutional Positions Chart

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