Starbucks Corp. Sees Unusually High Options Volume (SBUX)
Shares of Starbucks Corp. (NASDAQ:SBUX) saw unusually large options trading on Monday. Stock traders acquired 14,504 put options on the stock, AmericanBankingNews.com reports. This represents an increase of 179% compared to the average volume of 5,195 put options.
SBUX has been the subject of a number of recent research reports. Analysts at UBS AG initiated coverage on shares of Starbucks Corp. in a research note to investors on Wednesday, January 8th. They set a “neutral” rating on the stock. They noted that the move was a valuation call. Separately, analysts at Credit Suisse initiated coverage on shares of Starbucks Corp. in a research note to investors on Tuesday, January 7th. They set an “outperform” rating and a $96.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Starbucks Corp. in a research note to investors on Thursday, December 26th. They now have a $82.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $81.00.
Shares of Starbucks Corp. (NASDAQ:SBUX) traded down 3.28% on Monday, hitting $75.12. 7,363,853 shares of the company’s stock traded hands. Starbucks Corp. has a 1-year low of $52.52 and a 1-year high of $82.50. The stock’s 50-day moving average is $78.62 and its 200-day moving average is $75.19. The company has a market cap of $56.610 billion and a P/E ratio of 7767.00.
Starbucks Corp. (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.60 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.60. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. On average, analysts predict that Starbucks Corp. will post $2.65 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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