Starbucks Corporation (NASDAQ:SBUX) Getting Somewhat Favorable Media Coverage, Report Finds
News headlines about Starbucks Corporation (NASDAQ:SBUX) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Starbucks Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the coffee company an impact score of 44.7651680184167 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Starbucks Just Made Your Coffee Experience More Innovative (seekingalpha.com)
- America Is Cutting the Cord and TV Stocks Like AT&T Are Finally Getting Hammered (finance.yahoo.com)
- Boo! The ‘pumpkin spice tax’ could scare away your holiday cheer (finance.yahoo.com)
- Audible highlights ordinary heroism with new Starbucks collaboration ‘Upstanders’ (finance.yahoo.com)
- Comparing Starbucks Corporation (SBUX) & Darden Restaurants (DRI) (americanbankingnews.com)
Starbucks Corporation (NASDAQ:SBUX) traded down 0.45% during trading on Friday, reaching $55.72. The company had a trading volume of 6,231,132 shares. Starbucks Corporation has a 12 month low of $50.84 and a 12 month high of $64.87. The firm’s 50 day moving average is $54.62 and its 200-day moving average is $57.72. The company has a market capitalization of $80.45 billion, a P/E ratio of 28.13 and a beta of 0.78.
Starbucks Corporation (NASDAQ:SBUX) last posted its quarterly earnings results on Thursday, July 27th. The coffee company reported $0.55 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.55. Starbucks Corporation had a net margin of 12.93% and a return on equity of 52.82%. The business had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the prior year, the business posted $0.49 earnings per share. Starbucks Corporation’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities analysts expect that Starbucks Corporation will post $2.06 earnings per share for the current year.
A number of equities research analysts have recently weighed in on the company. UBS AG set a $70.00 price target on Starbucks Corporation and gave the company a “buy” rating in a report on Wednesday, June 28th. Wedbush reissued a “hold” rating on shares of Starbucks Corporation in a report on Friday, July 28th. BTIG Research reissued a “buy” rating and issued a $64.00 price target on shares of Starbucks Corporation in a report on Sunday, July 30th. Instinet reaffirmed a “buy” rating and set a $67.00 target price (down from $70.00) on shares of Starbucks Corporation in a research note on Sunday, July 30th. Finally, Stephens reaffirmed an “equal weight” rating and set a $52.00 target price (down from $58.00) on shares of Starbucks Corporation in a research note on Friday, September 29th. They noted that the move was a valuation call. Thirteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. Starbucks Corporation presently has an average rating of “Buy” and a consensus target price of $64.24.
In other Starbucks Corporation news, Director Jorgen Vig Knudstorp bought 18,000 shares of the stock in a transaction on Friday, August 4th. The shares were purchased at an average cost of $55.30 per share, with a total value of $995,400.00. Following the completion of the transaction, the director now directly owns 18,000 shares of the company’s stock, valued at approximately $995,400. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Myron E. Ullman III sold 22,966 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $53.41, for a total transaction of $1,226,614.06. Following the transaction, the director now directly owns 36,966 shares in the company, valued at $1,974,354.06. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.
About Starbucks Corporation
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.
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