Oppenheimer reaffirmed their buy rating on shares of Starbucks (NASDAQ:SBUX) in a research report report published on Friday. Oppenheimer currently has a $66.00 price objective on the coffee company’s stock.

A number of other research firms have also recently issued reports on SBUX. Vetr raised Starbucks from a buy rating to a strong-buy rating and set a $64.12 price objective for the company in a research report on Tuesday, November 14th. Nomura reduced their price objective on Starbucks from $67.00 to $63.00 and set a buy rating for the company in a research report on Friday, November 3rd. Tigress Financial started coverage on Starbucks in a research report on Wednesday, December 27th. They set a buy rating for the company. Mizuho reissued a buy rating and set a $75.00 price objective on shares of Starbucks in a research report on Friday, September 29th. Finally, Credit Suisse Group reissued a buy rating on shares of Starbucks in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $63.54.

Shares of Starbucks (NASDAQ SBUX) traded down $0.07 during trading on Friday, hitting $61.19. The stock had a trading volume of 4,443,818 shares, compared to its average volume of 7,195,800. The firm has a market capitalization of $87,130.00, a PE ratio of 31.06, a PEG ratio of 1.66 and a beta of 0.76. The company has a current ratio of 1.25, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72. Starbucks has a 1-year low of $52.58 and a 1-year high of $64.87.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.81 billion. Starbucks had a return on equity of 53.34% and a net margin of 12.89%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 earnings per share. research analysts anticipate that Starbucks will post 2.38 earnings per share for the current fiscal year.

In other news, Director Craig Weatherup sold 56,666 shares of Starbucks stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $56.73, for a total value of $3,214,662.18. Following the transaction, the director now directly owns 56,666 shares in the company, valued at $3,214,662.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Howard D. Schultz sold 290,176 shares of Starbucks stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $57.03, for a total value of $16,548,737.28. Following the completion of the transaction, the insider now owns 29,872,564 shares in the company, valued at $1,703,632,324.92. The disclosure for this sale can be found here. Insiders sold 497,808 shares of company stock valued at $28,559,521 in the last ninety days. Insiders own 3.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Sumitomo Mitsui Financial Group Inc. bought a new position in Starbucks during the third quarter valued at about $111,000. Jacobi Capital Management LLC increased its stake in 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 acquiring an additional 129 shares during the period. Valley National Advisers Inc. increased its stake in 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 acquiring an additional 57 shares during the period. Shine Investment Advisory Services Inc. bought a new position in Starbucks during the second quarter valued at about $128,000. Finally, Horan Capital Advisors LLC. bought a new position in Starbucks during the third quarter valued at about $131,000. Institutional investors and hedge funds own 70.76% of the company’s stock.

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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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