News coverage about Starbucks (NASDAQ:SBUX) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Starbucks earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the coffee company an impact score of 45.3430157675904 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
A number of research firms have issued reports on SBUX. Vetr lowered shares of Starbucks from a “buy” rating to a “hold” rating and set a $61.72 price target for the company. in a research report on Monday, January 8th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $70.00 price objective on shares of Starbucks in a research note on Friday, January 5th. Zacks Investment Research cut shares of Starbucks from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Tigress Financial reaffirmed a “buy” rating on shares of Starbucks in a research note on Tuesday, January 2nd. Finally, Morgan Stanley lifted their price target on shares of Starbucks from $62.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $63.23.
Shares of Starbucks (NASDAQ SBUX) opened at $60.40 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.25. The stock has a market cap of $85,940.00, a PE ratio of 30.66, a price-to-earnings-growth ratio of 1.60 and a beta of 0.76. Starbucks has a one year low of $52.58 and a one year high of $64.87.
Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.55. Starbucks had a net margin of 12.89% and a return on equity of 53.34%. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same period in the prior year, the firm earned $0.56 earnings per share. The business’s revenue for the quarter was down .2% compared to the same quarter last year. sell-side analysts anticipate that Starbucks will post 2.37 EPS for the current fiscal year.
In related news, Director Joshua Cooper Ramo sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $59.43, for a total value of $3,565,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Javier G. Teruel sold 62,966 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $57.61, for a total value of $3,627,471.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 497,808 shares of company stock valued at $28,559,521. Corporate insiders own 3.40% of the company’s stock.
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Starbucks Company Profile
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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