Somewhat Positive Press Coverage Somewhat Unlikely to Impact Starbucks (SBUX) Stock Price
Press coverage about Starbucks (NASDAQ:SBUX) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Starbucks earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned press coverage about the coffee company an impact score of 44.8988305044346 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- New Rewards members could help lift Starbucks’ flattening sales – Business Insider (businessinsider.com)
- Sales Growth Keep Starbucks (SBUX) a Sell at recent price of $57.99 – Investorplace.com (investorplace.com)
- Starbucks: An Old Problem May be Coming Back – Barron’s (barrons.com)
- The Tell: A trusted digital currency is coming, but it’s not bitcoin, says Starbucks’ Howard Schultz (marketwatch.com)
- Starbucks Chairman Howard Schultz Believes In Cryptocurrency – Just Not Bitcoin (bitcoinist.com)
SBUX has been the topic of a number of research analyst reports. Vetr raised shares of Starbucks from a “buy” rating to a “strong-buy” rating and set a $64.12 price objective on the stock in a report on Tuesday, November 14th. Nomura decreased their target price on shares of 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 shares of Starbucks in a research report on Wednesday, December 27th. They set a “buy” rating for the company. Wedbush restated a “buy” rating and set a $70.00 target price on shares of Starbucks in a research report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Credit Suisse Group restated a “buy” rating on shares of Starbucks in a research report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $64.29.
Starbucks (NASDAQ:SBUX) last released its earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.01. Starbucks had a net margin of 19.28% and a return on equity of 56.65%. The company had revenue of $6.07 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same period in the prior year, the business earned $0.52 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. analysts predict that Starbucks will post 2.5 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.09%. Starbucks’s payout ratio is 39.60%.
In related news, SVP Paul Mutty sold 3,000 shares of the stock in a transaction on Tuesday, November 14th. The shares were 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 of the company’s stock, valued at approximately $594,444.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Howard D. Schultz sold 290,176 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $57.03, for a total transaction of $16,548,737.28. Following the completion of the transaction, the insider now directly 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 a total of 497,808 shares of company stock worth $28,559,521 over the last 90 days. Company insiders own 3.40% of the company’s stock.
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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