Starbucks Corp. Director William Bradley Unloads 10,982 Shares (SBUX)
Starbucks Corp. (NASDAQ:SBUX) Director William Bradley unloaded 10,982 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $74.33, for a total transaction of $816,292.06. Following the transaction, the director now directly owns 16,368 shares of the company’s stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on SBUX shares. Analysts at Wells Fargo & Co. reiterated a “market perform” rating on shares of Starbucks Corp. (NASDAQ:SBUX) in a research note to investors on Wednesday. They now have a $73.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Starbucks Corp. (NASDAQ:SBUX) in a research note to investors on Friday, September 6th. They now have a $76.00 price target on the stock. Finally, analysts at Wedbush initiated coverage on shares of Starbucks Corp. (NASDAQ:SBUX) in a research note to investors on Wednesday, September 4th. They set an “outperform” rating and a $80.00 price target on the stock.
Six research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $73.48.
Shares of Starbucks Corp. (NASDAQ:SBUX) traded down 0.13% on Friday, hitting $75.57. The stock had a trading volume of 2,884,068 shares. Starbucks Corp. has a 52-week low of $44.27 and a 52-week high of $75.91. The stock has a 50-day moving average of $72.31 and a 200-day moving average of $64.59. The company has a market cap of $56.783 billion and a P/E ratio of 36.22.
Starbucks Corp. (NASDAQ:SBUX) last released its earnings data on Thursday, July 25th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.53 by $0.02. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. On average, analysts predict that Starbucks Corp. will post $2.23 earnings per share for the current fiscal year.
Starbucks Corporation is a roaster, marketer and retailer of coffee operating in 60 countries. The Company purchases and roasts coffees that it sells, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through Company-operated stores.
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