Economy

Starbucks Corporation Earnings & Price Target Update

The institutional investor owned 42,630 shares of the coffee company's stock after purchasing an additional 23,280 shares during the period. The hedge fund held 11,890 shares of the restaurants company at the end of 2017Q2, valued at $693,000, down from 100,000 at the end of the previous reported quarter.

Starbucks Corporation is a roaster, marketer and retailer of coffee. Another trade for 114,826 shares valued at $6.83M was sold by BURROWS CLIFFORD. Starbucks Corporation (NASDAQ:SBUX) shares have been recently spotted -14.98% away from the 52-week high, and 8.48% away from the 52-week low mark. It has underperformed by 4.22% the S&P500.

Lowe Brockenbrough & Company Inc increased Lowes Cos Inc Com (LOW) stake by 57.94% reported in 2017Q2 SEC filing. Following the transaction, the director now directly owns 18,000 shares of the company's stock, valued at approximately $995,400. Starbucks Corp. The firm has a market capitalization of $77.38 billion, a PE ratio of 29.64 and a beta of 0.83. Sharkey Howes & Javer now owns 1,924 shares of the coffee company's stock valued at $112,000 after purchasing an additional 150 shares during the last quarter. About 7.09M shares traded or 36.87% up from the average. Ternium SA (ADR) (NYSE:TX) has risen 39.67% since November 2, 2016 and is uptrending.

Investors sentiment increased to 1.21 in Q2 2017. Its up 0.71, from 1.33 in 2017Q1. It improved, as 68 investors sold SBUX shares while 409 reduced holdings. New Mexico Educational Retirement Board accumulated 134,648 shares or 0.35% of the stock. Moreover, Bp Public Ltd has 0.35% invested in Starbucks Corporation (NASDAQ:SBUX). Hamilton Lane Advsr Llc owns 56,170 shares for 1.58% of their portfolio. Park Circle Co, a Maryland-based fund reported 196,600 shares.#img1#. The stock was sold at an average price of $53.41, for a total transaction of $1,226,614.06. Fiduciary owns 135,358 shares or 0.24% of their United States portfolio. Toronto Dominion Natl Bank holds 0.09% or 497,031 shares. Harbour Investment Ltd Limited Liability Company stated it has 86,219 shares or 3.67% of all its holdings. Axa has 163,987 shares for 0.04% of their portfolio. Montrusco Bolton Invs invested in 0.01% or 2,164 shares. Lowes Cos Inc Com now has $64.18B valuation. Valley National Advisers owns 157 shares or 0% of their U.S. portfolio. It also upped Regency Ctrs Corp (NYSE:REG) stake by 228,350 shares and now owns 238,879 shares. The stock was bought at an average price of $55.30 per share, with a total value of $995,400.00. More interesting news about Agios Pharmaceuticals Inc (NASDAQ:AGIO) was released by: Nasdaq.com and their article: "Agios Pharmaceuticals Inc (AGIO) CEO David P Schenkein Sold $5.6 million of Shares" with publication date: October 06, 2017.

In other Starbucks Corporation news, Director Jorgen Vig Knudstorp purchased 18,000 shares of the firm's stock in a transaction on Friday, August 4th. S&P Research has "Buy" rating and $65 target. The stock has an average rating of "Buy" and an average price target of $64.02.

Cowen has an Outperform rating and a $62 price target. Its up 9.13% from 24.17M shares previously. First Republic Investment Management Inc. raised its stake in shares of Starbucks Corp.by 4.9% in the first quarter.

Starbucks Corporation (NASDAQ:SBUX) late Thursday posted mixed fourth quarter earnings results, as profits met expectations but revenues fell short, as the company's comps suffered from two major USA hurricanes.

Since the start of the New Year, Starbucks Corporation (NASDAQ:SBUX) shares have seen a move of -1.22%. Therefore 71% are positive. Finally, Nomura restated a "buy" rating and issued a $70.00 price target on shares of Starbucks Corp.in a report on Monday, July 25th. Novare Mgmt Limited Liability invested 0.95% in Starbucks Corporation (NASDAQ:SBUX). Thirteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. As per Tuesday, June 13, the company rating was maintained by RBC Capital Markets. As per Friday, July 28, the company rating was maintained by Stephens.

Starbucks Corporation (SBUX) reported sales (ttm) of 22.4 Billion, whereas, 25 number of analysts estimated the mean sale of 5810.82 million. The firm has "Buy" rating given on Thursday, September 28 by Mizuho. Deutsche Bank upgraded the shares of SBUX in report on Monday, May 15 to "Buy" rating.

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