Starbucks Corporation (NASDAQ:SBUX) had its price objective decreased by investment analysts at Deutsche Bank AG to $62.00 in a note issued to investors on Friday. The firm presently has a “buy” rating on the coffee company’s stock. Deutsche Bank AG’s target price indicates a potential upside of 10.66% from the stock’s current price.

SBUX has been the subject of several other research reports. Credit Suisse Group lowered their target price on shares of Starbucks Corporation from $56.00 to $54.00 and set a “neutral” rating for the company in a research note on Friday. Wedbush reiterated a “neutral” rating and set a $60.00 target price (down previously from $65.00) on shares of Starbucks Corporation in a research note on Saturday, July 22nd. Sanford C. Bernstein reiterated an “outperform” rating and set a $67.00 target price on shares of Starbucks Corporation in a research note on Wednesday, August 23rd. BidaskClub upgraded shares of Starbucks Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Starbucks Corporation in a research note on Thursday, October 5th. Thirteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Starbucks Corporation has a consensus rating of “Buy” and an average price target of $63.02.

Starbucks Corporation (NASDAQ SBUX) traded up $0.90 during mid-day trading on Friday, reaching $56.03. 28,729,036 shares of the company’s stock traded hands, compared to its average volume of 8,550,000. The company has a current ratio of 1.37, a quick ratio of 1.03 and a debt-to-equity ratio of 0.67. Starbucks Corporation has a 12-month low of $50.84 and a 12-month high of $64.87. The company has a market capitalization of $80.90 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 1.36 and a beta of 0.72.

Starbucks Corporation (NASDAQ:SBUX) last released its earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share 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 firm had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.81 billion. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. equities research analysts predict that Starbucks Corporation will post 2.33 earnings per share for the current fiscal year.

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In other Starbucks Corporation news, insider John Culver sold 64,776 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were 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 directly owns 390,341 shares of the company’s stock, valued at $20,898,857.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $1,226,614.06. Following the sale, the director now directly owns 36,966 shares of the company’s stock, valued at $1,974,354.06. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jacobi Capital Management LLC lifted its position in shares of Starbucks Corporation by 2.7% in the first quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock worth $109,000 after purchasing an additional 50 shares in the last quarter. Gradient Investments LLC lifted its position in shares of Starbucks Corporation by 2.5% in the second quarter. Gradient Investments LLC now owns 1,911 shares of the coffee company’s stock worth $111,000 after purchasing an additional 46 shares in the last quarter. Sharkey Howes & Javer lifted its position in shares of Starbucks Corporation by 8.5% in the second quarter. Sharkey Howes & Javer now owns 1,924 shares of the coffee company’s stock worth $112,000 after purchasing an additional 150 shares in the last quarter. IHT Wealth Management LLC lifted its position in shares of Starbucks Corporation by 10.2% in the first quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock worth $117,000 after purchasing an additional 187 shares in the last quarter. Finally, TrimTabs Asset Management LLC purchased a new stake in shares of Starbucks Corporation in the first quarter worth approximately $122,000. 70.87% of the stock is owned by institutional investors and hedge funds.

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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