Starbucks (NASDAQ:SBUX)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Barclays in a note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a $65.00 target price on the coffee company’s stock, up from their previous target price of $58.00. Barclays’ price objective points to a potential upside of 7.15% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Mizuho set a $75.00 price target on shares of Starbucks and gave the company a “buy” rating in a research note on Wednesday, November 1st. Deutsche Bank reaffirmed a “buy” rating and set a $67.00 price target on shares of Starbucks in a research note on Monday, October 9th. Piper Jaffray Companies set a $70.00 price target on shares of Starbucks and gave the company a “buy” rating in a research note on Wednesday, October 11th. Vetr downgraded shares of Starbucks from a “strong-buy” rating to a “buy” rating and set a $60.91 price target for the company. in a research note on Thursday, November 2nd. Finally, Nomura decreased their price target on shares of Starbucks from $67.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $63.36.

Shares of Starbucks (SBUX) traded up $0.10 during trading hours on Tuesday, hitting $60.66. The company’s stock had a trading volume of 8,433,700 shares, compared to its average volume of 6,910,246. Starbucks has a fifty-two week low of $52.58 and a fifty-two week high of $64.87. The stock has a market capitalization of $87,140.00, a price-to-earnings ratio of 30.79, a PEG ratio of 1.65 and a beta of 0.76. The company has a quick ratio of 0.93, a current ratio of 1.25 and a debt-to-equity ratio of 0.72.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. Starbucks had a return on equity of 53.34% and a net margin of 12.89%. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same quarter in the previous year, the business earned $0.56 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. analysts expect that Starbucks will post 2.37 earnings per share for the current fiscal year.

In other news, Director Javier G. Teruel sold 62,966 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $57.61, for a total transaction of $3,627,471.26. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Paul Mutty sold 3,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $56.95, for a total value of $170,850.00. Following the transaction, the senior vice president now directly owns 10,438 shares in the company, valued at $594,444.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 497,808 shares of company stock worth $28,559,521. Insiders own 3.40% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of Starbucks during the third quarter valued at $111,000. Jacobi Capital Management LLC grew its holdings in shares of Starbucks by 6.9% during the second quarter. Jacobi Capital Management LLC now owns 2,007 shares of the coffee company’s stock valued at $116,000 after buying an additional 129 shares during the last quarter. Valley National Advisers Inc. grew its holdings in shares of Starbucks by 2.8% during the second quarter. Valley National Advisers Inc. now owns 2,089 shares of the coffee company’s stock valued at $122,000 after buying an additional 57 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in shares of Starbucks during the second quarter valued at $128,000. Finally, Horan Capital Advisors LLC. purchased a new stake in shares of Starbucks during the third quarter valued at $131,000. 70.72% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Starbucks (NASDAQ:SBUX)

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