Somewhat Favorable News Coverage Extremely Likely to Affect Starbucks (SBUX) Share Price

News headlines about Starbucks (NASDAQ:SBUX) have trended somewhat positive on Thursday, InfoTrie reports. The research group identifies positive and negative press coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Starbucks earned a news impact score of 1.07 on their scale. InfoTrie also gave headlines about the coffee company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock’s share price in the near term.

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

Shares of SBUX stock opened at $66.65 on Thursday. The firm has a market capitalization of $82.77 billion, a price-to-earnings ratio of 27.54, a price-to-earnings-growth ratio of 1.89 and a beta of 0.52. Starbucks has a fifty-two week low of $47.37 and a fifty-two week high of $68.98. The company has a debt-to-equity ratio of 7.73, a quick ratio of 1.95 and a current ratio of 2.20.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, November 1st. The coffee company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The firm had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.28 billion. Starbucks had a return on equity of 86.33% and a net margin of 18.28%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. On average, analysts forecast that Starbucks will post 2.65 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Thursday, November 15th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Wednesday, November 14th. Starbucks’s dividend payout ratio is presently 59.50%.

A number of equities analysts have recently weighed in on the company. Wedbush reiterated a “hold” rating and set a $53.00 target price on shares of Starbucks in a research note on Tuesday, September 18th. Zacks Investment Research upgraded Starbucks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 21st. Wells Fargo & Co raised their price objective on Starbucks from $60.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 17th. BidaskClub lowered Starbucks from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 2nd. Finally, Telsey Advisory Group raised their price objective on Starbucks from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Starbucks has an average rating of “Buy” and an average target price of $65.34.

In other Starbucks news, Director Myron E. Ullman III sold 99,166 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $55.05, for a total value of $5,459,088.30. Following the sale, the director now owns 29,000 shares of the company’s stock, valued at approximately $1,596,450. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.48% of the company’s stock.

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About Starbucks

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 coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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