Starbucks (NASDAQ:SBUX) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Thursday, BidAskClub reports.

Several other equities research analysts also recently issued reports on SBUX. Goldman Sachs Group downgraded Starbucks from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $75.00 to $68.00 in a report on Friday, January 11th. BMO Capital Markets dropped their price objective on Starbucks to $60.00 and set a “market perform” rating on the stock in a report on Friday, January 11th. They noted that the move was a valuation call. Oppenheimer restated an “outperform” rating and set a $72.00 price objective (up from $70.00) on shares of Starbucks in a report on Friday, January 25th. CIBC lifted their price objective on Starbucks from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, January 25th. Finally, Bank of America set a $75.00 price objective on Starbucks and gave the stock a “buy” rating in a report on Friday, January 25th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $69.08.

SBUX stock opened at $76.06 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.16 and a debt-to-equity ratio of 7.73. Starbucks has a 52-week low of $47.37 and a 52-week high of $76.95. The company has a market cap of $94.59 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 2.18 and a beta of 0.51.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Thursday, January 24th. The coffee company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.10. Starbucks had a return on equity of 193.00% and a net margin of 11.98%. The company had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $6.49 billion. During the same period in the previous year, the business earned $0.65 EPS. Starbucks’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities analysts forecast that Starbucks will post 2.72 EPS for the current fiscal year.

In related news, insider Clifford Burrows sold 152,634 shares of the company’s stock in a transaction on Tuesday, January 29th. The stock was sold at an average price of $67.22, for a total transaction of $10,260,057.48. Following the completion of the transaction, the insider now directly owns 311,083 shares in the company, valued at approximately $20,910,999.26. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider John Culver sold 169,096 shares of the company’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $68.81, for a total value of $11,635,495.76. The disclosure for this sale can be found here. Insiders sold a total of 565,806 shares of company stock valued at $38,789,988 over the last quarter. Company insiders own 3.98% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cornell Pochily Investment Advisors Inc. grew its stake in Starbucks by 6.2% during the 1st quarter. Cornell Pochily Investment Advisors Inc. now owns 9,616 shares of the coffee company’s stock worth $714,000 after buying an additional 562 shares during the last quarter. BLB&B Advisors LLC bought a new position in Starbucks during the 1st quarter worth $310,000. Financial Gravity Wealth Inc. bought a new position in Starbucks during the 1st quarter worth $83,000. Isthmus Partners LLC bought a new position in Starbucks during the 1st quarter worth $998,000. Finally, Cypress Wealth Services LLC grew its stake in Starbucks by 8.7% during the 1st quarter. Cypress Wealth Services LLC now owns 18,449 shares of the coffee company’s stock worth $1,372,000 after buying an additional 1,474 shares during the last quarter. Hedge funds and other institutional investors own 73.34% of the company’s stock.

About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Analyst Recommendations for Starbucks (NASDAQ:SBUX)

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