Starbucks Corporation (NASDAQ:SBUX) was upgraded by equities research analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Tuesday. The brokerage currently has a $64.05 target price on the coffee company’s stock. Vetr‘s price target suggests a potential upside of 12.76% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Jefferies Group LLC reissued an “average” rating and issued a $65.00 target price on shares of Starbucks Corporation in a report on Friday, July 28th. UBS AG set a $67.00 target price on Starbucks Corporation and gave the stock a “buy” rating in a report on Friday, July 28th. BTIG Research reissued a “buy” rating and issued a $64.00 target price on shares of Starbucks Corporation in a report on Sunday, July 30th. Bank of America Corporation reissued a “buy” rating and issued a $65.00 target price (down from $66.00) on shares of Starbucks Corporation in a report on Sunday, July 30th. Finally, Instinet reaffirmed a “buy” rating and set a $67.00 price target (down from $70.00) on shares of Starbucks Corporation in a report on Sunday, July 30th. Twelve analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $63.31.

Shares of Starbucks Corporation (NASDAQ SBUX) traded down $0.34 during mid-day trading on Tuesday, hitting $56.80. The company’s stock had a trading volume of 3,479,177 shares, compared to its average volume of 9,348,807. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.93. Starbucks Corporation has a 52 week low of $52.58 and a 52 week high of $64.87. The company has a market cap of $81,298.80, a P/E ratio of 27.60, a P/E/G ratio of 1.56 and a beta of 0.72.

Starbucks Corporation (NASDAQ:SBUX) last issued its earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.55. Starbucks Corporation had a return on equity of 53.34% and a net margin of 12.89%. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same period in the prior year, the firm posted $0.56 EPS. Starbucks Corporation’s quarterly revenue was down .2% compared to the same quarter last year. equities analysts expect that Starbucks Corporation will post 2.31 EPS for the current year.

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In other Starbucks Corporation news, Director Craig Weatherup sold 56,666 shares of Starbucks Corporation stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $56.73, for a total transaction of $3,214,662.18. Following the transaction, the director now directly owns 56,666 shares in the company, valued at $3,214,662.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Howard D. Schultz sold 25,000 shares of Starbucks Corporation stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $57.28, for a total value of $1,432,000.00. Following the transaction, the insider now owns 29,798,282 shares in the company, valued at $1,706,845,592.96. The disclosure for this sale can be found here. Insiders sold a total of 525,550 shares of company stock worth $29,688,442 over the last 90 days. 3.40% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Starbucks Corporation by 12.5% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 92,401 shares of the coffee company’s stock valued at $5,388,000 after purchasing an additional 10,250 shares during the period. Geneva Advisors LLC raised its stake in shares of Starbucks Corporation by 2.3% in the 2nd quarter. Geneva Advisors LLC now owns 2,750,639 shares of the coffee company’s stock valued at $160,390,000 after purchasing an additional 63,041 shares during the period. Private Vista LLC raised its stake in shares of Starbucks Corporation by 3,334.9% in the 2nd quarter. Private Vista LLC now owns 219,699 shares of the coffee company’s stock valued at $160,000 after purchasing an additional 213,303 shares during the period. Welch Group LLC acquired a new stake in shares of Starbucks Corporation in the 2nd quarter valued at about $406,000. Finally, TrimTabs Asset Management LLC raised its stake in shares of Starbucks Corporation by 104.9% in the 2nd quarter. TrimTabs Asset Management LLC now owns 4,296 shares of the coffee company’s stock valued at $250,000 after purchasing an additional 2,199 shares during the period. Hedge funds and other institutional investors own 71.49% 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Starbucks Corporation (NASDAQ:SBUX)

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