Starbucks EVP Lucy Lee Helm Sells 7,486 Shares (SBUX)
Starbucks (NASDAQ:SBUX) EVP Lucy Lee Helm unloaded 7,486 shares of Starbucks stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $74.85, for a total value of $560,327.10. Following the sale, the executive vice president now directly owns 49,388 shares of the company’s stock, valued at approximately $3,696,692. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Starbucks (NASDAQ:SBUX) traded down 1.12% during mid-day trading on Thursday, hitting $73.96. 3,596,624 shares of the company’s stock traded hands. Starbucks has a 52-week low of $63.18 and a 52-week high of $82.50. The stock has a 50-day moving average of $71.86 and a 200-day moving average of $73.99. The company has a market cap of $55.677 billion and a price-to-earnings ratio of 381.63.
Starbucks (NASDAQ:SBUX) last released its earnings data on Thursday, April 24th. The company reported $0.56 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.56. The company had revenue of $3.87 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts predict that Starbucks will post $2.67 earnings per share for the current fiscal year.
SBUX has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Starbucks in a research note on Tuesday. They now have a $79.00 price target on the stock. Separately, analysts at Standpoint Research initiated coverage on shares of Starbucks in a research note on Wednesday, May 28th. They set a “sell” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Starbucks in a research note on Wednesday, April 30th. They now have a $84.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $86.00.
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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