Cowen set a $93.00 price target on Starbucks (NASDAQ:SBUX) in a research report released on Friday, TipRanks reports. The brokerage currently has a hold rating on the coffee company’s stock.

A number of other research firms have also weighed in on SBUX. Bank of America set a $275.00 price objective on SVB Financial Group and gave the company a buy rating in a research report on Friday, April 26th. Wells Fargo & Co set a $95.00 price objective on Westinghouse Air Brake Technologies and gave the company a buy rating in a research report on Friday, April 26th. Morgan Stanley set a $112.00 price objective on Tractor Supply and gave the company a hold rating in a research report on Friday. JPMorgan Chase & Co. raised their price objective on PROS from $55.00 to $78.00 and gave the company an overweight rating in a research report on Friday. Finally, Zacks Investment Research raised HAYS PLC/ADR from a sell rating to a hold rating in a research report on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $87.26.

SBUX stock traded up $8.13 on Friday, reaching $99.11. 20,837,613 shares of the company traded hands, compared to its average volume of 6,178,382. Starbucks has a one year low of $50.21 and a one year high of $99.72. The company has a market cap of $120.04 billion, a P/E ratio of 40.95, a P/E/G ratio of 2.77 and a beta of 0.55. The firm’s fifty day simple moving average is $86.53.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Thursday, July 25th. The coffee company reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.06. Starbucks had a negative return on equity of 154.96% and a net margin of 13.63%. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.67 billion. During the same quarter last year, the company earned $0.62 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, analysts predict that Starbucks will post 2.83 earnings per share for the current year.

In related news, Director Myron E. Ullman III sold 9,973 shares of Starbucks stock in a transaction on Monday, July 1st. The stock was sold at an average price of $84.64, for a total transaction of $844,114.72. Following the transaction, the director now directly owns 28,390 shares in the company, valued at $2,402,929.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lucy Lee Helm sold 10,000 shares of Starbucks stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $83.00, for a total value of $830,000.00. Following the transaction, the executive vice president now owns 113,455 shares in the company, valued at $9,416,765. The disclosure for this sale can be found here. Insiders have sold 93,883 shares of company stock worth $7,422,903 over the last quarter. 3.98% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SBUX. First American Trust FSB bought a new stake in Starbucks during the second quarter valued at about $212,000. Loudon Investment Management LLC raised its holdings in Starbucks by 0.4% during the first quarter. Loudon Investment Management LLC now owns 44,838 shares of the coffee company’s stock valued at $3,333,000 after acquiring an additional 175 shares during the period. Cipher Capital LP bought a new stake in Starbucks during the fourth quarter valued at about $2,261,000. Mackay Shields LLC raised its holdings in Starbucks by 55.0% during the fourth quarter. Mackay Shields LLC now owns 625,131 shares of the coffee company’s stock valued at $40,259,000 after acquiring an additional 221,699 shares during the period. Finally, Hamel Associates Inc. raised its holdings in Starbucks by 2.6% during the first quarter. Hamel Associates Inc. now owns 53,480 shares of the coffee company’s stock valued at $3,976,000 after acquiring an additional 1,375 shares during the period. Institutional investors own 71.63% of the company’s stock.

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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Analyst Recommendations for Starbucks (NASDAQ:SBUX)

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