Starbucks (NASDAQ:SBUX) Receiving Somewhat Favorable Media Coverage, Study Shows

Headlines about Starbucks (NASDAQ:SBUX) have trended somewhat positive this week, InfoTrie reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Starbucks earned a news sentiment score of 0.83 on their scale. InfoTrie also assigned press coverage about the coffee company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the near future.

These are some of the news headlines that may have impacted Starbucks’ analysis:

A number of brokerages have recently commented on SBUX. Wedbush reiterated a “hold” rating and issued a $70.00 target price on shares of Starbucks in a report on Thursday. Oppenheimer reiterated an “outperform” rating and issued a $72.00 target price (up previously from $70.00) on shares of Starbucks in a report on Friday, January 25th. Mizuho set a $75.00 target price on Starbucks and gave the stock a “buy” rating in a report on Thursday, April 11th. BidaskClub cut Starbucks from a “strong-buy” rating to a “buy” rating in a report on Monday, February 4th. Finally, CIBC lifted their target price on Starbucks from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, January 25th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and fifteen have given a buy rating to the stock. Starbucks has an average rating of “Buy” and an average target price of $69.08.

Shares of SBUX stock traded up $0.94 during mid-day trading on Friday, hitting $76.06. The stock had a trading volume of 6,607,755 shares, compared to its average volume of 6,805,981. Starbucks has a 12-month low of $47.37 and a 12-month high of $76.95. The stock has a market capitalization of $94.59 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 2.17 and a beta of 0.51. 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 (NASDAQ:SBUX) last issued its earnings results on Thursday, January 24th. The coffee company reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $6.49 billion. During the same period in the prior year, the business earned $0.65 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. Research analysts predict that Starbucks will post 2.73 EPS for the current fiscal year.

In other Starbucks 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 value of $10,260,057.48. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through this link. Also, EVP Vivek C. Varma sold 50,000 shares of the business’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $69.13, for a total value of $3,456,500.00. Following the completion of the transaction, the executive vice president now directly owns 117,640 shares of the company’s stock, valued at $8,132,453.20. 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.

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Starbucks Company Profile

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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