Starbucks Corporation (NASDAQ:SBUX) had its price objective reduced by equities research analysts at UBS AG from $67.00 to $64.00 in a research note issued on Friday, www.benzinga.com reports. The firm presently has a “buy” rating on the coffee company’s stock. UBS AG’s price target would suggest a potential upside of 13.68% from the stock’s previous close.

Several other research analysts also recently commented on SBUX. BMO Capital Markets lowered their price objective on shares of Starbucks Corporation from $56.00 to $52.00 and set a “market perform” rating for the company in a research report on Friday. Robert W. Baird lowered their price objective on shares of Starbucks Corporation from $70.00 to $66.00 and set an “outperform” rating for the company in a research report on Friday. Nomura lowered their price objective on shares of Starbucks Corporation from $67.00 to $63.00 and set a “buy” rating for the company in a research report on Friday. Credit Suisse Group lowered their price objective on shares of Starbucks Corporation from $56.00 to $54.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Vetr downgraded shares of Starbucks Corporation from a “strong-buy” rating to a “buy” rating and set a $60.91 price objective for the company. in a research report on Thursday. Thirteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $63.20.

Shares of Starbucks Corporation (SBUX) traded up $1.17 on Friday, reaching $56.30. 10,158,813 shares of the company’s stock traded hands, compared to its average volume of 8,869,777. The firm has a market cap of $79,226.79, a price-to-earnings ratio of 26.51 and a beta of 0.72.

Starbucks Corporation (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. Starbucks Corporation had a net margin of 12.89% and a return on equity of 52.65%. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same period in the previous year, the business earned $0.56 earnings per share. The company’s revenue was down .2% on a year-over-year basis. analysts expect that Starbucks Corporation will post 2.33 EPS for the current fiscal year.

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In related news, Director Myron E. Ullman III sold 22,966 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $53.41, for a total value of $1,226,614.06. Following the sale, the director now owns 36,966 shares in the company, valued at approximately $1,974,354.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Culver sold 64,776 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $53.54, for a total transaction of $3,468,107.04. Following the completion of the sale, the insider now owns 390,341 shares in the company, valued at approximately $20,898,857.14. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of SBUX. Lowe FS increased its stake in Starbucks Corporation by 1.8% in the 3rd quarter. Lowe FS now owns 1,148 shares of the coffee company’s stock valued at $65,000 after buying an additional 20 shares during the last quarter. Farmers National Bank purchased a new stake in Starbucks Corporation in the 2nd quarter valued at about $101,000. Gradient Investments LLC increased its stake in Starbucks Corporation by 62.6% in the 1st quarter. Gradient Investments LLC now owns 1,865 shares of the coffee company’s stock valued at $109,000 after buying an additional 718 shares during the last quarter. Jacobi Capital Management LLC increased its stake in Starbucks Corporation by 2.7% in the 1st quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock valued at $109,000 after buying an additional 50 shares during the last quarter. Finally, Sharkey Howes & Javer increased its stake in Starbucks Corporation by 8.5% in the 2nd quarter. Sharkey Howes & Javer now owns 1,924 shares of the coffee company’s stock valued at $112,000 after buying an additional 150 shares during the last quarter. Institutional investors own 70.87% of the company’s stock.

About Starbucks Corporation

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.

Analyst Recommendations for Starbucks Corporation (NASDAQ:SBUX)

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